With vacancy rates in Melbourne expected to fall below 4.5% over the next two years, Ng highlights that pressures on incentives are a likely outcome which would in turn, improve effective rents for the office property industry in 2018.
SINGAPORE (Sept 4): OCBC Investment Research is maintaining its “hold” call on Frasers Commercial Trust (FCOT) with an unchanged fair value of $1.42.
In a Monday report, lead analyst Joseph says he sees a positive outlook for FCOT’s prospects, particularly in the Australian market where Melbourne’s CBD office vacancy rate has notably improved this year, according to data from Colliers International.
