“CBRE is forecasting Grade B CBD Core monthly rates to rise approximately 7.4% and approximately 8.8% in 2018 and 2019, respectively. This follows from the eight consecutive q-o-q rental declines seen between 2Q15 – 1Q17,” he observes.
SINGAPORE (Apr 5): OCBC Investment Research is upgrading Frasers Commercial Trust (FCOT) to “buy” from “hold” with an unchanged fair value of $1.51 on expectations of an impending recovery of Grade B CBD Core office rental rates.
In a Thursday report, lead analyst Joseph Ng says that while Grade A CBD Core landlords would be the immediate beneficiaries of Singapore’s robust economic outlook, he believes their Grade B CBD Core peers should also enjoy some upside, albeit belatedly.
