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

SPH

Retail rent

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

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