Warehouse rents in Asia-Pacific hold steady on e-commerce demand: Knight Frank
Prime warehouse rents in Singapore have held steady in H1 2020, declining only 0.6% to S$1.80 psf pm from H2 2019
Singapore
THE first half of 2020 largely turned out to be a "resilient" period for Asia-Pacific warehouse markets; and expectations are for this sector's rents in Singapore to remain stable till the rest of the year, according to the latest research by property consultancy Knight Frank.
Prime warehouse rents in Singapore generally held steady in H1 2020, declining only 0.6 per cent to S$1.80 per square foot per month from H2 2019, Knight Frank said.
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
HDB resale prices up 1.8% in Q1; rental market slows down
Singapore’s private home prices up 1.4% in Q1, rents drop by 1.9%: URA
OUE wins tender to lease, develop new ‘zero-energy’ hotel at Changi Airport’s T2
Singapore office rents in central region fall 1.7 per cent in Q1 over Q4: URA
Homebuyers shun new real estate in Vancouver, hurting builders
US pending home sales jump in March to hit highest in the year