Office SREITs, GuocoLand, Lian Beng, Nam Lee, JES, Asiatravel.com

SINGAPORE (Nov 30): Here are some factors and stocks that could move the market this Wednesday morning:

Office SREITs: Singapore’s office rents will remain “a little soft” in 2017 and may pick up only at the end of the year when the amount of new supply of space shrinks, CapitaLand Commercial Trust, one of the city-state’s biggest landlords, told Bloomberg. Although about 2.3 million square feet of space were added this year, less than 500,000 sf are being planned annually starting in 2018, with no supply in sight from 2020.

GuocoLand says its Chengdu subsidiary in China submitted the winning bid price of RMB3.64 billion ($754 million) for four plots of land in Chongqing to build mixed development comprising retail, business and residential use. In addition, GuocoLand has entered into an agreement with Hong Leong Holdings (China) (HLHC) jointly acquire and develop the land parcels. Shares of GuocoLand closed at $1.88.

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