CICT’s downtown malls to benefit from return-from-office workers

The recovery of China’s economy will also woo visitors in the malls.

The CapitaLand Integrated Commercial Trust (CICT) will see more benefits for its downtown malls due to office workers and China’s border reopening, UOBKayHian said.

Aside from this, CICT is starting to benefit from Singapore’s stable economy. Its retail properties posted positive rental reversion, which already sped up to 6% in the first quarter of 2023.

The occupancy of Singapore office enhanced 0.5 percentage points quarter-on-quarter to 96.7% and new leases will also boost cash flow starting the second quarter of this year.

UOBKayHian maintains buy call for CICT, which has a target price of $2.29.

Follow the link for more news on

CapitaLand Integrated Commercial Trust

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia