Singapore Stock Market News

Singapore office - Where is the cap rate expansion?

StockFanatic
Publish date: Wed, 11 Jul 2018, 12:39 PM
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• Manulife Centre potentially sold, at mid-2% yield based on net property income

• Potential transaction is a continuation of sale of fringe CBD office properties at "tight" yields

• Office REITs with better located properties are trading at a discount to these physical market transactions

Maintain Overweight on office REITs - CapitaLand Commercial Trust (CCT; BUY, TP S$2.12) is our top pick. Read More
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