Credit Suisse concerned about rise in industrial property

CREDIT Suisse's equity research team has expressed concern about the industrial property segment on the back of increases in rents and prices for this type of property in the third quarter of the year.

In a report yesterday, it noted that the statistics released by the Urban Redevelopment Authority (URA) last week showed the all-industrial property price index rebounding from a 0.6 per cent fall in the second quarter to a 2.8 per cent gain in Q3.

The report read: "We are concerned about the steep price increase and expect there to be negative headwinds ahead, with potentially further measures being imposed in this space to curb a bubble."