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Singapore office to remain core to OUE REIT despite news of interest in Australia

Goola Warden
Goola Warden • 7 min read
Singapore office to remain core to OUE REIT despite news of interest in Australia
OUE REIT’s manager said on Jan 8 that it had been exploring opportunities in key gateway cities, including Sydney. OUE REIT is also exploring ways to attract tenants, including providing fitted units. Photo: OUE REIT
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OUE REIT’s portfolio comprises six high-quality office, hospitality and retail assets located in Singapore. Its three office assets — 50% of OUE Bayfront, 100% of One Raffles Place (ORP) and OUE Downtown Office — are situated within the Central Business District, with a total net leasable area (NLA) of approximately 1.8 million sq ft.

Both OUE Bayfront and OUE Raffles Place are Grade A office buildings in the heart of the CBD. By asset size, 50% of OUE REIT’s properties are from the office sector.

As of 3QFY2025 ended Sept 30, 2025, 48% of gross rental income is from the office. As of the end of September 2025, the committed occupancy for the office component of OUE Bayfront was 99.4%; the committed occupancy of ORP was 95.2%, while the committed occupancy of ORP retail was 99%; and the committed occupancy of OUE Downtown was 92.6%.

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