45 Annual Report 2025 Healthy Demand for Space The office occupancy was boosted by strong demand from flight-to-quality and expansion by some sectors. Approximately 0.8 million sq ft of new and renewed office leases were signed in FY 2025, illustrating CICT's continued ability to attract tenants from diverse trade sectors. The top three sectors of demand were (1) Banking, Insurance & Financial Services, (2) Distribution & Trading, and (3) IT & Telecommunications. Business Sectors of New Leases Signed in 2025 New Lease Trade Categories NLA (sq ft) Singapore Germany Australia % of Total New Leases Banking, Insurance & Financial Services 63,447 7,191 3,851 24.2 Biomedical Sciences 958 - - 0.3 Business Consultancy 817 - 20,038 6.8 Distribution & Trading 12,206 52,432 - 21.0 Energy & Natural Resources 14,789 - - 4.8 Hospitality & Leisure 3,638 4,250 42,159 16.3 IT & Telecommunications 51,101 - 2,857 17.5 Legal 16,218 - 1,818 5.9 Logistics & Supply Chain Management 7,244 - - 2.3 Real Estate & Property Services 2,723 - - 0.9 173,141 63,873 70,723 100 Positive Rent Reversions The Singapore office portfolio achieved a positive rent reversion of 6.6% for FY 2025, surpassing market rent growth. The average monthly rent for Singapore office properties increased to S$10.95 psf compared to S$10.73 psf a year ago. Expiry Profiles of Grade A Office Properties as a Percentage of Office Portfolio New Lease Trade Categories 2026 2027 % of Expiring Lease Monthly Average Expiring Gross Rent (S$ psf) % of Expiring Lease Monthly Average Expiring Gross Rent (S$ psf) Asia Square Tower 2 1.6 12.23 2.4 11.89 Capital Tower 0.6 9.21 0.2 9.63 CapitaGreen 3.0 11.30 3.0 12.05 CapitaSky 1.3 11.74 3.1 10.88 CapitaSpring 0.7 13.05 5.0 12.52 Six Battery Road 1.8 12.64 2.6 11.90 Average Expiring Gross Rent1 - 11.72 - 11.86 1 Average rent at lease expiry is based on leases expiring in the respective year of CICT’s Grade A buildings. Ancillary retail leases excluded from all buildings.
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