Its property business, on the other hand, remained stable with occupancy down 0.4 percentage points to 97.8% as end of June.
Ada Lim of OCBC Investment Research has turned more cautious on Singapore Post, after its 1QFY2026 business update where both operating profit and revenue declined further.
No thanks to competition and structural industry issues, both international ecommerce and domestic mail volume dropped for the quarter ended June.
