Industrial property market to hold firm in 2019, business parks seen as bright spot

Singapore

THE industrial property market appears to have bottomed out, with analysts projecting a stable market outlook for this year and citing business parks as a likely outperformer.

Rentals and prices of industrial space in Singapore were relatively stable in the first quarter of 2019 compared with the preceeding quarter, according to the latest data from industrial land and infrastructure agency JTC Corp.