Industrial sector seen as first AEC beneficiary
CBRE believes manufacturers will come to region, drawn by the reduced costs
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Singapore
THE industrial sector will probably be the most immediate beneficiary of the Asean Economic Community (AEC), with some spillover into the office and retail markets, CBRE Research said in a Monday report.
The AEC is a goal of Asean to integrate the 10 member economies by the end of 2015. It envisages goals such as a single market and production base, better infrastructure, free flow of goods, services, capital, skilled labour and investment, and less poverty and socio-economic disparities.
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