Investor Presentaiton
Operating Environment in Singapore
Key economic indicators and market overview
Key Economic Indicators (1)
Sequential GDP
+2.0% for the Mar 21 quarter
Overview of the Singapore Office and Business Park Markets(3)
Grade A and Grade B Office Rents
(S$ psf per month)
Business Park Rents(4)
(S$ psf per month)
FRASERS
LOGISTICS & COMMERCIAL
TRUST
+3.8% in the preceding quarter
Grade A
Grade B Islandwide
$14.0
11.15
11.50
Business Park (City Fringe)
Business Park (Rest of the Island)
$12.0
10.40
Unemployment Rate
$6.5
5.80
5.85
5.65
5.75
8.95
8.95
5.50
$10.0
2.9% for the month of Mar 21
$5.5
$8.0
$4.5
3.70
3.70
3.80
3.75
3.65
From 3.0% for the month of Feb 21
$6.0
7.90
8.00
7.20
6.85
6.85
$3.5
$4.0
$2.5
$2.0
Consumer Price Index
1Q17
1Q18
1Q19
1Q20
1Q21
1Q17
1Q18
1Q19
1Q20
1Q21
2.1% y-o-y in Apr 21
1.3% y-o-y in Mar 21
Singapore Overnight Rate (2)
0.1203%
As at 9 Jun 21
10-year bond yield
1.46%
As at 9 Jun 21(2)
mil sq ft
1.5
1.0
0.5
0.0
-0.5
0116
Office Supply-Demand Dynamics
0118
0318
61 10
0319
01.20
03 20
0121
8%
6%
4%
2%
0%
mil sq ft
1.2
20
1.0
0.8
0.6
0.4
0.2
0.0
-0.2
91 LO
Business Park Supply-Demand Dynamics
16%
15%
14%
13%
12%
Net supply
Net absorption
Vacancy rate (RHA)
Net supply
Net absorption
Vacancy rate (RHA)
1. Sources: Singstat, Ministry of Trade and Industry Singapore, Ministry of Manpower Singapore. 2.Source: MAS SGS. 3. Source: CBRE, Singapore Market View, Q1 2021. 4. Alexandra Technopark is a high-specification B1
industrial development located at the city-fringe, with certain physical attributes similar to business parks. Due to limited availability of market research information directly relating to the asset class of Alexandra Technopark, market
research information for business parks is provided for indicative reference.
03 16
21 10
03 17
01 18
03 18
Q1 19
Q3 19
Q1 20
03.20
01 21
11%
23
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