Cautious view maintained on REIT players’ outlook

A cautious view is reiterated on the overall operating environment amidst subdued consumer sentiment. As the overall sentiment remains weak the management have taken a more cautious stance in guiding lower rental reversion on the upcoming renewals. On the office properties, the market is rather soft with potential tenants taking longer time to take up spaces and rental reversion for office space is likely to be slow. The situation is further dampened by the huge NLA supply in the pipeline.

(The borneo post, 26/04/2016)