Units in Keppel Pacific Oak US REIT (KORE), which owns freehold office buildings and business campuses in cities such as Sacramento, Denver, Nashville, Dallas, Austin, Houston and Orlando, closed 3.5 US cents or 15.9% higher at 25.5 US cents on Jan 21.
Units in US office REITs listed on the Singapore Exchange (SGX:S68
) (SGX) rose after US President Donald Trump issued a mandate for federal workers to return to the office full-time.
“We are going to make government work better, and that starts with bringing everyone back to the office," states Trump.
