Rents, prices of Singapore industrial properties increase in Q2; supply is rebounding, says JTC
Rise in industrial rents and prices reflect the economic recovery seen in the manufacturing sector; global chip shortage, in-bound biotech investments to create more demand
Add BT as a preferred sourceLisa Kriwangko
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
INDUSTRIAL rents and prices in Q2 rose over the quarter for the third straight quarterly season, reflecting the economic recovery seen in the manufacturing sector, data released by JTC on Thursday showed.
Analysts see a global chip shortage and more in-bound biotech investments creating more demand ahead, though this is tempered by the rise in supply, with total available stock seeing its largest quarterly rise since 2017.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
