Sunday, January 29, 2012

Hot Property: Industrial real estate

Straits Times: Sat, Jan 28
FACTORIES and warehouses were the top-performing real estate sector last year, thanks to robust demand for industrial property.

Prices shot up 27.2 per cent over 2010 while rents rose 15.5 per cent. In comparison, prices for office properties were 13.8 per cent higher and prices for shop properties edged up 5.3 per cent.

The numbers released by the Urban Redevelopment Authority yesterday reflect the way investors shifted focus to industrial space last year in response to tougher buying rules to cool the booming residential property...

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