Tuesday, October 28, 2008

Industrial Properties 'the only bright spot'

From OCBC Investment Research 'Property Sector' report 28th Oct 08:

Industrial properties- the only bright spot in 3Q08. Office and retail properties registered declines in prices and rental rates in 3Q08 on a weaker economic outlook but on a brighter note, the price index for industrial properties climbed 0.9% QoQ to 115, underpinned by the 2.6% increase in prices of multiple user warehouse. Industrial rental index also increased by a marginal 0.1% QoQ to 110.4 as vacancy rate continue to decline to a decade-low of 6.6% in 3Q08.

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