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Work-from-office momentum has strengthened in Singapore over the past two years as employers increasingly emphasise in-person collaboration and team building. Many large corporations have tightened in-office attendance policies to three or more days per week.
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Vacancy has declined to a record low of 3.3% in 1Q26 due to flight to quality as tenants sought premium well-located office space. Leasing demand was driven by financial services, spanning commercial banking, wealth management, asset management and quantitative trading. AI start-ups are graduating from co-working spaces to dedicated offices.
- - Read this at SGinvestors.io -
Backfilling vacant spaces at Ocean Financial Centre (OFC) and Keppel Bay Tower (KBT).
- - Read this at SGinvestors.io -
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Keppel Bay Tower benefits from redevelopment of HabourFront Centre, which officially closes on 27 Jul 26 to prepare for demolition. Some office tenants at HarbourFront Centre might relocate to Keppel Bay Tower.
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Newly acquired MBFC Tower 3 could benefit from rental uplift of 10%, given current asking rents of S$13.50-14.50psf / month, depending on floor level, fit-out quality and view.
Work-from-office momentum has also strengthened in Sydney.
- Read more at SGinvestors.io.
Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.
Jonathan Koh CFA UOB Kay Hian Research | https://research.uobkayhian.com/ 2026-07-08
Previous report by UOB:
2026-04-22 Keppel REIT 1Q26 - Zooming In On Divestment.
Price targets by 3 other brokers at Keppel REIT Target Prices.
Listing of research reports at Keppel REIT Analyst Reports.
Relevant links:
Keppel REIT Share Price History,
Keppel REIT Announcements,
Keppel REIT Dividend Payout Dates & Corporate Actions,
Keppel REIT News
