Prices, rentals of industrial space to remain under pressure this year
Segments of the market may be more resilient; for example, warehouses, from e-commerce and stockpiling
Singapore
PRICES and rents of industrial space are expected to remain under pressure this year, as economic headwinds prevail, although certain segments of the market may prove more resilient.
In the second quarter, prices declined by 1.7 per cent year on year and 1.1 per cent quarter on quarter, weighed down by the multi-user factory segment, the latest market report from JTC Corp showed.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Australian budget to target housing woes with more construction workers
UK construction growth hits 14-month high in April, PMI survey shows
KKR buys 14 hotels in Japan, converts them to midscale Sheraton properties
Abu Dhabi developer Aldar picks banks for 10-year green sukuk
UK house prices stagnate in April as higher mortgage costs bite
When buying a home is treated as a national security threat