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External factors cast long shadow over industrial property rentals

Industrial property rental index makes first uptick in four years, but trade tension puts businesses in cautious mode

Kalpana Rashiwala

Published Thu, Jul 25, 2019 · 09:50 PM

Singapore

THE Singapore industrial property market continued to be stable in Q2, based on the latest data from industrial land and infrastructure agency JTC Corp, but analysts are cautious about the outlook, citing external headwinds.

The negative sentiment overshadowed the first quarter-on-quarter uptick in four years in JTC's rental index for overall industrial property in Singapore: The index inched up a marginal 0.1 per cent in the second quarter of 2019 over the previous quarter.