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
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.
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
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
Qatari Sheikh sells London mansion to fellow royal for £39 million
Toronto home sales fall for third month in April; prices rise
Far East Shopping Centre owners in private talks after close of S$928 million en bloc tender