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Industrial space prices, rents soften in Q3: JTC

With weak manufacturing outlook and a supply glut, landlords are expecting softening trend to continue

Published Thu, Oct 22, 2015 · 09:50 PM
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Singapore

PRICES and rentals of industrial space continued to soften in the third quarter of 2015, pressured by a weak manufacturing outlook and weak exports, on top of an existing supply glut.

According to JTC statistics released on Thursday, overall industrial prices fell 0.3 per cent over the preceding quarter and the previous year.

Rents fell 0.8 per cent over Q2, and fell 1.6 per cent over the past year.

Occupancy rates dipped 0.2 percentage point over the …

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Industrial property

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