SPH REIT posts negative rental reversion of 8.4%

This is due to weak retail leasing sentiment.

SPH REIT recorded a negative rental reversion of 8.4%, according to a report posted by OCBC Investment Research.

This was credited to a weaker retail leasing sentiment. Values recorded by the company showed this trend amongst most of SPH REIT’s commercial properties.

Paragon and Clementi Mall showed negative rates at -8.3% and -8.7% respectively, whilst The Rail Mall was the only Singapore-based asset with a positive rate of 5.4%. Overall, a negative rental reversion of 8.2%  was recorded.

The company’s Australia assets also echoed overall negative rental reversions of 10.8%, where Westfield Marion and Figtree Grove had rates of -10.5% and -12%, respectively.

Despite these rates, OCBC expects the rental rates to remain under pressure until tenant retention is prioritised.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

C&W Services transforms headquarters into a ‘living lab’
The new office is set to be the ground for the firm’s new facilities management technologies.
How investor stewardship puts companies in a win-win state
Stewardship Asia Centre CEO says a company’s failure to take care of society is a failure to take care of its stakeholders.
Creating harmony in a heterogonous workforce 
An HR expert said tests like DISC can help identify which employees can work best together.

Event News

Event News

BAC Education Sdn Bhd wins the Online Services - Education award at the Malaysia Technology Excellence Awards 2022 Co-Written / Partner
The BAC Education Group comprises 30 companies dedicated to providing innovative learning and advancing human development in Malaysia and Southeast Asia through education. With a network of world-class partner universities and organisations, BAC Education offers students an unparalleled educational experience and creates value for its stakeholders through innovative technology.