Net property income dipped 0.3 per cent to S$69.2 million from the preceding year. Its portfolio occupancy stood at 95.2 per cent, with all three properties of its properties - One Raffles Place, Lippo Plaza in Shanghai and OUE Bayfront - continuing to achieve higher than-market office occupancy. Positive rental reversions were achieved at OUE Bayfront and Lippo Plaza in Q2 2018. Meanwhile, the rental gap between expiring office rents and market continued to narrow at One Raffles Place, OUE C-Reit said in its investor presentation. Average office passing rent was S$11.42 per square foot (psf) per month at OUE Bayfront, and S$9.49 psf per month at One Raffles Place. Lippo Plaza's average office passing rent was 9.83 yuan (S$2) psm per day.