Property-report.com, 25 May 2011Singapore’s industrial property sector looks to outperform residential, retail, and office property over the next few years, after a dynamite 2010 and first quarter of 2011.
Donald Han, vice-chairman of property consultants at Cushman and Wakefield, said capital values for industrial properties rose as much as 22 per cent last year.
“I think probably we’re going to see another 15-per-cent price increase this year. As long as the economy continues to do well and our manufacturing numbers continue to expand, I think we’ll have another good 24 months of steady rental increase plus capital value enhancement as well,” said Han. Full story
