Since June 2023, full committed occupancies have been reached for both retail and office portfolios amidst current renovations. With these asset enhancements underway at Wisma Atria, Natarajan expects the mall’s improved appeal to attract an influx of tenants. This bodes well for rent and retail reversions due to the rise in demand from a multitude of sectors.
RHB Bank Singapore’s Vijay Natarajan has maintained his “buy” call on Starhill Global REIT (SGX:P40U
) with an unchanged target price of 58 cents following a sustained increase in assets and occupancy for both the REIT’s Singaporean and overseas portfolios.
“With [a] high occupancy [rate], we expect rental reversions to remain positive in the mid- to high- single digits,” he says in his report dated March 22.
