SPH Reit’s recent Q1FY19 results show something promising for the retail rent sector as they managed to negotiate for a 10.1% positive rental reversion for the renewed leases that expire in Q1FY19 for the Paragon properties.
The Orchard central area continues to bounce back strongly on the back of strong high occupancy and the low supply pipeline for the next upcoming 5 years.
This is the latest I have extracted from the URA website.
The office space is doing well from what we see on the price and rental index, but that only takes up 5% of the total NPI for Starhill, so that isn’t very significant. The biggest move would need to come from the Singapore retail from their Wisma Atria and Ngee Ann City properties, which takes up 50% of the total NPI. If this moves, the share price will move accordingly, usually in the same correlation. Thus, my turnaround