Investor Presentaiton

OUE COMMERCIAL ■ REIT Singapore Office Market Core CBD office occupancy slipped 1.5 ppt QoQ to 94.1% as at 2Q 2017 with the completion of two new office developments, while Grade A office rents stabilised at S$8.95 psf/mth unchanged from the previous quarter Net absorption was 923,810 sq ft in 2Q 2017, boosted by pre-commitments in the newly completed office buildings. Otherwise, leasing activity remains tepid with mostly small and medium-sized transactions 11.40 11.20 11.06 11.00 11.30 10.95 10.90 10.60 10.60 10.30 10.60 10.25 10.40 10.10 9.80 9.75 9.90 9.58 9.55 9.55 9.55 96.6% 95.7% 95.8% 96.1% 96.2% 9.50 9.30 9.10 95.8% 8.95 8.95 95.9% 95.0% 95.2% 95.2% 95.7% 95.2% 95.8% 94.4% 95.6% 95.1% 93.2% 93.5% 93.1% 93.2% 92.3% 92.2% 91.6% 91.2% 90.7% 1Q11 3Q11 1Q12 3Q12 1Q13 3Q13 1Q14 3Q14 1Q15 3Q15 1Q16 3Q16 1Q17 Grade A rents (S$ psf/mth) Core CBD Occupancy Source: CBRE 94.1% 33

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