PROPERTY PERSONALISED MCI (P) 045/08/2019 PPS 1519/09/2012 (022805) Visit EdgeProp.sg to find properties, research market trends and read the latest news The week of July 20, 2020 | ISSUE 942-164 Shops Offshore HDB Watch Gains and Losses BreadTalk boss offers Johor Baru market static Five-room HDB flat in Unit at Reflections at prime shophouses in 1Q2020 amid Clementi sold for Keppel Bay incurs for sale EP6 Covid-19 crisis EP7 $1.04 mil EP13 $2.15 mil loss EP14 Covid-19 sparks designer sanctuary home Turn to our Cover Story on Pages 8,9 & 10. Exterior of the corner detached house at Coronation Road West with a 17m frontage SAMUEL ISAAC CHUA/THE EDGE SINGAPORE CHUA/THE ISAAC SAMUEL PICTURES: ASCOTT EP2 • EDGEPROP | JULY 20, 2020 PROPERTY BRIEFS ADVERTISING + Essential goods manufacturing resilient during MARKETING ADVERTISING SALES VICE-PRESIDENT, SALES & OPERATIONS | Diana Lim Covid-19: Knight Frank ACCOUNT DIRECTOR | Ivy Hong DEPUTY ACCOUNT DIRECTOR | Janice Zhu BY CHARLENE CHIN markedly by 43.5% y-o-y, with the as well as the weak economic outlook, and prices to be under pressure and SENIOR ACCOUNT MANAGER |
[email protected] number of tenancies from April to Knight Frank expects industrial rents moderate by about 5% this year. E Pang Kai Xin May falling to 1,253, recording a rent- ACCOUNT MANAGER | Ryan Wang espite the overall contraction in al volume of $2.5 million. CHarts: KnigHt FranK PUBLISHER Singapore’s economy due to the The lack of leasing activities was Leasing Volume and Median Rent of Multiple-User The Edge Property Pte Ltd pandemic, some manufacturing attributed to the “circuit breaker” in 150 Cecil Street #13-00 D Factory Space Singapore 069543 sectors such as the production of es- 2Q2020, a cut in manpower, as well Tel: (65) 6232 8688 sential goods have remained resilient, as manufacturers putting off any ex- Fax: (65) 6232 8620 says Knight Frank in its research on pansion or relocation plans due to the industrial market for 2Q2020.