Industrial space prices, rents continue to climb in Q1

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Industrial spaces in Singapore were even more expensive in the first three months of this year. Prices and rent grew for a sixth straight quarter, in the strongest quarterly growth in more than eight years. Latest data from JTC Corporation showed that prices of industrial space rose by 2.1 per cent from the last quarter and grew 5.6 per cent from the previous year. Rentals went up at a slightly slower pace, by 1 per cent on-quarter and 2.4 per cent from the year prior.

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