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
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
