Industrial rents and prices continue decline in Q1
This was despite robust trade and manufacturing showings, but analysts put this down to the usual time lag and an oversupply of space
Singapore
THE recovery in Singapore's trade and manufacturing output has yet to translate into higher demand for industrial space in the first quarter of this year, JTC Corporation's latest figures on industrial property prices and rentals show.
Prices of Singapore's industrial spaces are down 2.2 per cent from the previous quarter; rentals are 0.9 per cent down.
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
Australia’s housing rent hits record high in headache for RBA
GuocoLand taps X factor to help tenants pull workers to offices amid hybrid work
After S$160 million makeover, SingLand eyes better take-up, higher rents at Singapore Land Tower
Airbnb promises to combat sex work in rentals during Paris Olympics
Hong Kong property deals hit three-year high in April
More homes planned in Media Circle to support housing demand