The government lifted the maximum percentage of staff allowed to return to the office from 50% to 75% beginning April 5, with split teams no longer mandatory.
As Singaporeans return to the workplace following the recent relaxation of safe management measures, RHB Group Research analyst Vijay Natarajan believes Suntec REIT will see a boost in demand for its assets.
He maintained his ‘buy’ call for the counter with an unchanged target price of $1.79 in an April 15 research note, translating to 14% upside and 6% FY2021 ending December yield.
