Lendlease Global Commercial REIT ("LREIT") price collapsed in March 2020 was a real disaster in the face of the COVID-19 crisis. It plummeted swiftly from S$0.90 per unit to a low of S$0.465 per unit which is a plunge of almost 48%. Holding just 2 properties of Somerset 313 in Singapore and Sky Complex in Italy in its IPO portfolio, LREIT has the potential to grow further due to the many properties in the portfolio of its main sponsor, Lendlease Group, which is a leading international property and infrastructure group listed on the Australian Securities Exchange.

In addition, the Singapore Master Plan 2019 has formalised the increase in permissible plot ratio for 313@Somerset from 4.9 to 5.6 resulting in a potential increase of up to 10,846sqft of gross floor area via organic growth route. Based on Commercial Guru, the rental psf for retail is S$20.90. This works out to be a...