Industrial property sector expected to recover by Q2, says Colliers
By Mok Fei Fei, Channel NewsAsia | Posted: 13 January 2010 1435 hrs
SINGAPORE: Property consultant Colliers International said Singapore's industrial property sector will recover by the second quarter of this year.
It said the industrial property price index is poised for recovery in the fourth quarter of 2009 at the earliest or by the second quarter of this year at the latest.
Colliers cited several reasons for its assessment.
Historically, the industrial property sector lags the residential property market by one to three quarters. Since the residential property market has already bottomed out in the third quarter last year, Colliers expects the industrial property sector to follow suit soon.
Moreover, Colliers noted that there has been a return of investors to the industrial strata market, which is a sign that demand is returning.
Another factor is that the Government Land Sales (GLS) programme is picking up steam.
- CNA/sc
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