Singapore warehouses likely to fill up more quickly if oil prices keep rising
FURTHER increases in oil prices are expected to push occupancy levels for warehouses higher, according to an analysis by the Institute of Real Estate and Urban Studies (IREUS) at the National University of Singapore.
The research institute noted that as oil prices climb, manufacturers are likely to face higher costs of inputs and narrower margins. Additional friction may also arise from a tighter market for storage space and higher rents at industrial properties in Singapore.
On Tuesday (May 31), crude’s global benchmark Brent hit a 2-month high, with the Brent crude futures contract for July surging above US$121 per b…
A NEWSLETTER FOR YOU
Property Insights
Get an exclusive analysis of real estate and property news in Singapore and beyond.
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
How Hudson Yards went from ghost town to office success story
S$16.5 million deal at The Ritz-Carlton Residences tops Q1 gainers; seller reaps S$4.9 million profit
Forrest Li’s wife buys Gallop Road bungalow next to the one he has redeveloped
Chinese restaurants spur Hong Kong’s retail property recovery
Asking rents down as demand slows and rental listings surge
Eurozone consumers increasingly struggle to pay for housing