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Reits with business parks could gain from rental uptick

Boost from IT and media companies, but rent hikes uneven as tenants pick and choose location and age of property

Published Thu, Jul 26, 2018 · 09:50 PM

Singapore

AS INDUSTRIAL propery prices here stabilise, Reits with exposure to business parks could enjoy the continued rental uptick in the sector, but not all spaces in that class of industrial property are doing equally well, said analysts.

JTC said in its second quarter industrial property report on Thursday that business park rents have risen 0.5 per cent, the fifth straight quarter of growth and the strongest showing among the various types of spaces here.

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