For OUE Commercial REIT, we have seen One Raffles Place and OUE Downtown are below the average office occupancy rate. What are the contributing factors?

As shared by OUE Commercial REIT during the live session, OUE Commercial REIT has mentioned that during the 2nd Quarter, it was a challenging leasing period for these 2 properties as potential tenants could not view the office spaces and fit out works are unable to be completed in time.

This has resulted in the tenants being cautious in terms of occupancy and some tenants have put their expansion plans on hold. However, OUE Commercial REIT has put in place measures to retain tenants and occupancy rate will likely to be stable for this period.