Suntec Reit’s office portfolio to slow down due to tech sector’s problems: RHB

RHB sees moderating rent growth and an uptick in vacancy.

With the technology sector experiencing layoffs, Suntec Reit’s office portfolio will struggle with rent growth and increasing occupancy rate.

RHB said this as it downgrades to neutral the stock from buy. The target price for the Reit is at $1.47 from 1.70.

“This, coupled with the sharp interest cost impact from a spike in rates, should weigh on its share price,” said RHB.

Under Suntec’s portfolio, the technology sector is the largest occupier of Suntec City Office Towers and is a key source of new leasing demand in recent years.

Follow the link for more news on

Suntec REIT

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