What will be the Singapore industrial real estate sector in 2019?
Singapore real estate prices have experienced a major decline over the last 3 years. What will be the Singapore industrial real estate sector in 2019? What will affect Singapore’s industry real estate?
The most important reason for the negative impact of the Singapore industrial real estate market is the lack of demand. Domestic and foreign investors do not terih industrial property in Singapore. Two out of four confirmed industrial tenders in the second half of 2018 were not awarded because their bids were deemed too low by JTC Corporation, which overlooks the industrial real estate sector in Singapore.
Rental and vacancy rates low
In 2018, rent and vacancy rates decreased significantly in Sinagopur. The quarterly rental index for all industrial space has only fallen slightly from 91.1 in the first quarter of 2018 to 90.9 in the 2018 third-quarter (3Q 2018).
Singaporean experts emphasize that investors should invest in business parks. The reason for this is the high rental income of business parks.
Sevdenur Demir / realestatecoulisse.com