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ASIA WAREHOUSING

Occupiers of S'pore, HK prime logistics space face cost challenge

Occupancy cost growth expected to cross 3% a year, against 2.4% for rest of Asia-Pacific

Singapore

OCCUPIERS of prime logistics space in Singapore and Hong Kong will face the biggest challenge in terms of cost growth, with occupancy cost growth expected to exceed 3 per cent per annum, compared with an average annual uplift of 2.4 per cent to 2018 for the rest of Asia-Pacific