Navigating the soft industrial property market

Singapore

GOVERNMENT intervention measures and Singapore's ongoing economic restructuring are softening the industrial property market acutely, and AIMS AMP Capital Industrial Reit (AA Reit) is feeling that impact, CEO Koh Wee Lih told reporters after a short property tour on Tuesday.

Which is why the real estate investment trust has taken measures to safeguard its bottom line and distributions to unitholders - by trying to pre-commit and lock in leases for longer periods, adding more profitable ventures such as data centres to its tenant mix and proactively renovating facilities to utilise untapped gross floor areas.

Singapore's productivity drive to move up the value chain and wean itself off unskilled foreign labour…