SINGAPORE - The first half of 2020 largely turned out to be a"resilient" period for Asia-Pacific warehouse markets; and expectations are for this sector's rents in Singapore to remain stable till the rest of the year, according to research by property consultancy Knight Frank.
This came despite economic activity grinding to a halt as a result of the April to June"circuit breaker" and the economy entering a recession during the same period. With only 4 per cent of existing stock slated for completion over 2020 and 2021, as well as half already pre-committed, Knight Frank expects prime warehouse rents in Singapore to hold steady till the end of the year.
With the exception of Hong Kong, market conditions for 16 of the 17 cities tracked are expected to remain stable or improve over the next 12 months, Knight Frank said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
World Bank's IFC warns of Asia-Pacific 'financial crisis'[JAKARTA] The Asia-Pacific region risks a damaging financial crisis from a surge of non-performing loans caused by rising insolvencies, a senior official from the World Bank Group's private sector arm said on Thursday. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Asia stocks defy Wall Street weakness but economy, US election worries cap gainsSINGAPORE (REUTERS) - Asian stocks inched up on Friday (Sept 18), despite Wall Street declines, but struggled to make deeper gains as worries about a faltering economic recovery kept investors to the sidelines or seeking safer harbour in assets such as the Japanese yen. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Asia stocks fall as Fed fails to offer fresh cause for cheerTOKYO (REUTERS) - Asia stocks fell and the dollar advanced on Thursday (Sept 17) after the Federal Reserve pledged to keep interest rates low for a long time but stopped short of offering further on stimulus to shore up a battered US economy.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »