Industrial property prices next on government cooling list: BBVA

40%+ annual growth needs some curbing.

The BBVA comment came as the Singapore government revealed that the price of factory space has rocketed 10% on a quarter-on-quarter basis in Q3.

Investors are rushing into commercial property as the government clamps down on residential sales, with industrial property prices particularly spiking and on course for growth of more than 40% this year.

This upward trend "could prompt similar curbs by the government to cool prices. It comes at a time when manufacturing output is weakening – it shrank 2.5% in September," said BBVA.

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