Singapore Land Group Limited (SG:U06) has released an update.
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Singapore Land Group Limited reports a robust office property segment, citing a ‘flight-to-quality’ and a trend towards returning to the office, leading to higher occupancy rates in 2023. The company expresses confidence in the segment’s resilience amidst economic challenges, thanks to limited upcoming market supply and proactive asset enhancements. The Board emphasizes prudent financial management, backing projects that promise returns above the cost of capital and align with industry benchmarks.
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