21 Feb '14, 3am

SINGAPORE - Industrial property prices to drop 10% by end-2014 | | #commercialguru | #singapore #industrial #property

Feb 21, 2014 - CommercialGuru.com.sg E-mail to friend Bookmark & Share Singapore’s industrial property market underperformed in 2H 2013 as compared to 1H 2013 in terms of sales volume and transacted prices of new sales, according to Knight Frank. Despite the general slowdown in demand for industrial space, the logistics segment remained resilient with growing demand in export-oriented segments that require storage spaces. The biomedical and pharmaceutical clusters have lured more players and are expected to remain resilient due to the aging population in Singapore as well as in many other Asia Pacific countries. Over the next four years, the industrial sector is expected to see a high influx of upcoming supply, with a total industrial gross floor area (both warehouses and factories) of 64.5 million sq ft. Some 34.7 million sq ft are expected to enter the market this year a...

Full article: http://www.commercialguru.com.sg/property-management-news...

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