Investor Presentaiton
Singapore Portfolio - Office
Healthy performance in line with market
Average Rents & Vacancy
1H 2022 2H 2022
1H 2023
Average gross rent
10.5
10.6
10.9
(S$ psf/month)
Period-end vacancy
4.7%
7.5%
2.1%
Weighted average lease expiry
3.3
3.4
3.2
(years)
Note: On a committed basis, vacancy at the end of Jun 2023 was 1.0%
Marina Bay Financial Centre, Singapore
One Raffles Link, Singapore
Expiration & Interim Rent Revisions
2H 2023
2024
2025
Total lettable office area subject
to expiration/rent revisions
45
339
354
('000 sq. ft)
% of area subject to
3%
21%
22%
expiration/rent revisions
-
Expiration
3%
21%
19%
Rent revisions
0%
0%
3%
Average expiring gross rent
11.3
10.8
9.5
(S$ psf/month)
One Raffles Quay, Singapore
| Investment Properties | 2023 Half-Year Results
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