“[Colliers suggests] that because of limited land supply and government restrictions on developing new shopping centres in major downtown areas, new supply growth is expected to slow in the following years and the market should continue to favour landlords,” she elaborates.
SINGAPORE (March 15): OCBC is reiterating its “buy” call on CapitaLand Retail China Trust (CRCT) at a fair value of $1.56 following the issuance of the Colliers’ Beijing Retail Report for Jan 2017.
In a Wednesday note, analyst Deborah Ong highlights that the report expects vacancy rates to stay low of around 5% up to end-2017, and for rent to increase by 1.5% y-o-y by end-2017.
