Investor Presentaiton
OUE COMMERCIAL
REIT
Committed Office Rents In Line with
Market
Average Expired
2Q 2017
Committed Rents (1)
Market Rents
Rents
Average Passing
Rents in Jun 2017
OUE Bayfront
S$15.50 psf/mth
S$10.85 S$14.00 psf/mth
S$8.95 psf/mth (2)
S$11.42 psf/mth
One Raffles
Place
S$10.66 psf/mth
S$8.00 S$11.80 psf/mth
S$8.95 psf/mth (2)
S$10.14 psf/mth
Lippo Plaza
RMB9.37 psm/day
-
RMB8.60 RMB11.00 psm/day
RMB9.30 psm/day (3)
RMB9.84 psm/day
The average of new and renewal office rents committed at OUE Bayfront and One Raffles.
Place in 2Q 2017 were at a premium to the market office rent of S$8.95 psf per month (2),
although some renewals were committed at rents below expiring rates.
Average passing office rent for Lippo Plaza in June 2017 of RMB9.84 psm per day was
1.8% higher Yo Y
(1) Committed rents for renewals, rent reviews (if any) and new leases
(2) Refers to Grade A CBD Core office rents in Singapore. Source: CBRE Singapore MarketView 2Q 2017
(3) Refers to CBD Grade A office rents in Puxi. Source: Colliers International Shanghai Research and Forecast Report, 2Q 2017
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