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Albeit a few bright spots, JLL expects falling rents to persist in all segments.
Whilst many economists note that the worst period for Singapore is over, the same cannot be said for the property industry as an Economic Development Board (EDB) survey revealed that most firms in the real estate industry are projecting a less favourable business environment over the same period.
In the same vein, JLL stated in separate reports that the industrial, retail, office and residential properties will face further pressures for the rest of 2020, even as Circuit Breaker measures continue to ease.
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