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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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About Agent.sg Daily Property News Selection
Agent.sg's Daily Property News Selection brings you the most important property market news in and around Singapore. We list the best articles on real estate development, property investment and on the property listing market on a daily basis - whoever stays out, misses out.
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