Agent.sg / Property news / Escalating US-China dispute will weigh on Singapore retail, industrial property markets: Colliers

Escalating US-China dispute will weigh on Singapore retail, industrial property markets: Colliers

THREATS from frayed US-China trade relations and a gloomy economic outlook could stifle any recovery for Singapore’s retail and industrial property markets in the near term, according to two research reports released by Colliers International on Wednesday.

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Both reports examined the performance and outlook for Singapore's two property segments during the first half this year.

Tricia Song, Colliers' head of research for Singapore, said: "With the dimmer economic outlook ahead, we expect the retail and industrial property markets to face some pressure. A prolonged economic downturn, should it happen, will likely crimp consumer confidence, resulting in cutbacks on discretionary spending among households.

"Meanwhile, industrialists may be more cautious about their space needs and could shelve expansion plans. That said, there are pockets of opportunities for investors in both markets that will likely provide a decent yield."

 

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