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Warehouse rents in Asia-Pacific hold steady on e-commerce demand: Knight Frank

Prime warehouse rents in Singapore have held steady in H1 2020, declining only 0.6% to S$1.80 psf pm from H2 2019

Published Fri, Sep 18, 2020 · 09:50 PM

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 the latest research by property consultancy Knight Frank.

Prime warehouse rents in Singapore generally held steady in H1 2020, declining only 0.6 per cent to S$1.80 per square foot per month from H2 2019, Knight Frank said.

This came despite economic activity grinding to a halt as a result of the April to June "circuit breaker" and the eco…