Search

Singapore\'s founding father Mr Lee Kuan Yew passes away at 91
REMEMBERING LEE KUAN YEW (1923-2015)
Singapore's founding father Mr Lee Kuan Yew passes away at 91

The State Funeral Service will be held on Sunday.
1168 views

NEWS
RESIDENTIAL PROPERTY | Staff Reporter, Singapore
Published: 29 Nov 12
482 views


Singaporean, other AsiaPac REITs facing dampened tenant demand: S&P

Rental growth will pick up only by late-2013.

Asia-Pacific real estate investment trusts (REITs) will be wrestling with dampening tenant demand due to subdued business and consumer confidence arising from the expected slowdown in the region's economies in the next few months, according to a new Standard & Poor's Ratings Services report card titled, "For Asia-Pacific REITs, Weak Regional Economy Will Keep A Lid On Rental Growth".

"Nevertheless, we forecast that a pick-up in regional growth in the later part of 2013 will gradually boost demand from tenants," said S&P.

"We expect the major real estate markets of Australia, Hong Kong, Japan, Singapore, and Taiwan to generally see economic pressures suppressing rental growth in the short term," Standard & Poor's credit analyst Craig Parker said. "Nevertheless, we expect rated Asia-Pacific REITs to maintain their credit quality due to the sound foundations they have built over the years. We observe that they have maintained a well-spread leasing maturity profile and diverse tenant base that reduces the impact of cyclical volatility. And their superior quality property portfolios continue to attract tenants compared with the whole market."

Standard & Poor's rates 42 REITs covering the region's major real estate markets. The majority of rated REITs have investment-grade ratings with a stable outlook.

"We observe that debt issuance from REITs into the capital markets has increased significantly largely due to banks offering relatively higher borrowing costs and shorter term funding. The total rated debt issuance year-to-date is about US$6.4 billion. As capital requirements and regulations become tighter for banks in 2013, we expect rated REITs to favor debt capital markets, and issuers will be looking to lock in longer term funding at attractive interest rates," said S&P.



Sign up for our newsletter

 

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.

Tags: Singapore REITs, Asia-Pacific REITs, S&P, "Asia-Pacific REITs Weak Regional Economy Will Keep A Lid On Rental Growth"

LATEST RESIDENTIAL PROPERTY JOBS »
PRINT ISSUE »

Subscribe Now
What factors are keeping expats rooted in Singapore?

710 views

What factors are keeping expats rooted in Singapore?

522 views

Can Asian private equity outgrow the west?

194 views

MOST READ EXCLUSIVES

Singapore’s first permanent lifestyle market opens in Bukit Timah

Singapore’s first permanent lifestyle market opens in Bukit Timah

Over 20 brands and labels are gathered together under one roof.

by KRISANA GALLEZO
5 Jan 2015 | 35269 views
 

Singapore Business Review’s 2014 Class of 40 and under

Singapore Business Review’s 2014 Class of 40 and under

Meet a summa cumlaude graduate who rises from poverty to become JP Morgan’s head of corporate finance.

by KRISANA GALLEZO
12 Jan 2015 | 32827 views

16 items that are a tad cheaper in Singapore than in Hong Kong

16 items that are a tad cheaper in Singapore than in Hong Kong

Coffee lovers need not go farther for a cheaper cup of cappuccino.

by KRISANA GALLEZO
20 Mar 2015 | 27603 views
 

Chow Tai Fook opens second store in Singapore

Chow Tai Fook opens second store in Singapore

It's a 1,000-square feet new jewellery shop on Orchard Road.

by KRISANA GALLEZO
26 Feb 2015 | 10911 views

This food hub in Seah Street brings a throwback experience to dining

This food hub in Seah Street brings a throwback experience to dining

It offers an exciting lunch menu which changes every week.

by KRISANA GALLEZO
16 Jan 2015 | 7235 views
 

This is a woman’s world: CRIB launches Singapore’s first business and lifestyle incubator for women

This is a woman’s world: CRIB launches Singapore’s first business and lifestyle incubator for women

Find out what the three key platforms of CRIB are.

by KRISANA GALLEZO
10 Mar 2015 | 7146 views

Check out this integrated office cum lab of Friesland Campina in Singapore

Check out this integrated office cum lab of Friesland Campina in Singapore

A curved glass wall resulted in a 90% open-plan office.

by KRISANA GALLEZO
17 Feb 2015 | 3895 views
 

The New Black hits Singapore with rarest green coffee

The New Black hits Singapore with rarest green coffee

It also boasts of its Impossible Collection curated by the ‘world’s rockstar roasters'.

by KRISANA GALLEZO
5 Mar 2015 | 3765 views

Too many business cards? Why don’t you try Sansan’s business card management service?

Too many business cards? Why don’t you try Sansan’s business card management service?

After Singapore, this contract management company plans to expand in the APAC region.

by KRISANA GALLEZO
12 Feb 2015 | 3681 views
 

This startup created the world’s first bed sensor technology

This startup created the world’s first bed sensor technology

No more patients accidentally falling off hospital beds.

by KRISANA GALLEZO
14 Jan 2015 | 3149 views

Spencer Ogden gets funky with its newest trademark space in Singapore

Spencer Ogden gets funky with its newest trademark space in Singapore

The company invested over $1M to make this signature office possible.

by KRISANA GALLEZO
5 Feb 2015 | 3016 views
 

Meet INSEAD’s new chairman of the board

Meet INSEAD’s new chairman of the board

Find out how Andreas Jacobs plans to bring “business as a force for good”.

by KRISANA GALLEZO
14 Jan 2015 | 2448 views

What it’s like going into business with your significant other

What it’s like going into business with your significant other

A couple who founded an artisanal food outlet, P.Bistro, shares experience.

by KRISANA GALLEZO
9 Jan 2015 | 2067 views
 

LawCanvas saves the day: Easy legal documents in under a minute

LawCanvas saves the day: Easy legal documents in under a minute

The founders revolutionized the legal industry despite having different backgrounds.

by KRISANA GALLEZO
2 Mar 2015 | 1849 views

PocketMath makes buying mobile ad impressions easier

PocketMath makes buying mobile ad impressions easier

It integrates over 20 ad exchanges and offers over 20B impressions a day.

by KRISANA GALLEZO
9 Feb 2015 | 1555 views
 

MetLife builds its first global R&D hub

MetLife builds its first global R&D hub

It bills itself as a first-of-its-kind innovation centre for the insurance industry.

by KRISANA GALLEZO
26 Jan 2015 | 1522 views

The heat is on: This office literally gets a bit hot for their green drive

The heat is on: This office literally gets a bit hot for their green drive

Discover how they execute their green initiatives in the office.

by KRISANA GALLEZO
22 Jan 2015 | 1444 views
 

FTMSGlobal Academy Singapore launches new weekend MBA

FTMSGlobal Academy Singapore launches new weekend MBA

The course fee is below $20,000.

by KRISANA GALLEZO
8 Jan 2015 | 1195 views

Here’s how migrants can be sure their loved ones back home paid the doctor a visit

Here’s how migrants can be sure their loved ones back home paid the doctor a visit

This NRI-focused startup also gives migrants monthly feedback from the doctor.

by KRISANA GALLEZO
7 Jan 2015 | 1181 views
 

What is the future of the sports business in Singapore?

What is the future of the sports business in Singapore?

Can a new billion-dollar stadium give Singapore the edge it needs to compete for world-class sporting events?

by STAFF REPORTER
20 Mar 2015 | 295 views
close Don't Show Again

STAY INFORMED! Get our free weekly newsletter