In an unrated report dated Jan 19, UOBKH also notes that OUECT’s office portfolio is resilient, generating positive rental reversion at 18.4% and stable committed occupancy at 95.7% in 3Q2023.
OUE Commercial REIT (OUECT) completed enhancements for Hilton Singapore Orchard (HSO) in January 2023 and Crowne Plaza Changi Airport (CPCA) this month.
With these asset enhancement initiatives (AEI) in place, OUECT is ready to receive the rising numbers of leisure and business travellers visiting Singapore, says UOB Kay Hian Research (UOBKH).
