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Singapore industrial property soars

Posted on 31 October 2012

Prices of industrial property in the island state shot up in the third quarter and are now nearly 30% ahead of their level at the start of the year, said analysts. Rents were also up slightly in the three months to Sept 30 which saw the 12th month of gains adding further to the cost pressures on small and medium-sized enterprises.
The gains in capital values were the most dramatic. Prices were up 8.8% in the three months to Sept 30 compared with the previous quarter, said the Urban Redevelopment Authority (URA)………………………………………..Full Article: Source


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