Almost half ofOUE Commercial REIT's revenue comes from the hospitality and retail sectors? In Singapore, we are the proud owners ofHilton Singapore OrchardandCrowne Plaza Changi Airport, which are well-positioned to capture the rising wave of tourism and MICE demand. Complementing Hilton Singapore Orchard is Mandarin Gallery, a prime spot for international brands in the heart of Orchard Road. Meanwhile, OUE Commercial REIT’s Singapore office assets continue to provide the solid backbone to our portfolio. OUE Bayfront, One Raffles Place and OUE Downtown Office are situated within the CBD where occupancy has remained healthy and continued to report positive rental reversion. The strength of our Singapore-centric portfolio contributes to the stability of earnings. In 1H 2023, OUE Commercial REIT’s revenue increased 19.8% YoY to S$138.8 million, while net property income grew by a robust 23.1% YoY to S$115.3 million.
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