Suntec REIT's office monthly rents fell to $8.03psf in 4Q2017

This was due to the renewal of two anchor tenants.

DBS Bank reported that Suntec REIT office’s average rent decreased to $8.03 per square foot per month (psf/mth) in 4Q2017, from a range of $8.35 to $8.66 psf/mth in 9M2017. This was due to the renewal of two anchor tenants, causing about 5% decline in rental reversion.

11.3% of leases are ready for renewal, and Suntec REIT is in final negotiations for about 20% of leases expiring in 2018.

On a positive note, Suntec REIT office’s rate of occupancy continues to increase, from 98.4% in 3Q17 and 98.9% in 4Q17.

According to DBS Research, there are currently higher enquiries for office space, and tenants are more eager to forward renew leases, resulting to an improvement in rental reversions.

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