0218 GMT - Prime office demand in Singapore is likely to remain resilient despite geopolitical headwinds this year, says Morningstar's Xavier Lee in a report. Grade A office vacancy in the city-state as of end-2025 fell to its lowest level since 1Q 2024, the analyst says, citing data from real-estate services provider CBRE. He expects vacancy to stabilize as tenants navigate an economic outlook clouded by the Middle East conflict. Vacancy could then tighten in 2027 if business confidence recovers, he adds. Among the office-focused real-estate investment trusts, he prefers Keppel REIT given its high-quality portfolio and potential for good dividends. Morningstar has a S$1.10 fair-value estimate on Keppel REIT, which gains 1.1% to S$0.89. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
March 29, 2026 22:18 ET (02:18 GMT)
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