Singapore office REITs getting back their shine: DBS

SINGAPORE (June 6): DBS Vickers Securities is recommending a “buy” for Keppel REIT, CapitaLand Commercial Trust and Frasers Commercial Trust.

In a Thursday note, DBS lead analyst Derek Tan believes that office REITs have bottomed out and are ready for a rebound.

The renewed interest in office REITs follows the $3.4 billion acquisition of Asia Square Tower 1 by the Qatar Investment Authority (QIA), a “landmark” transaction that Tan says has “positive implications for Singapore as an investment destination and office REITs”.

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