Rents on logistics properties in mainland China extended a slump into the first half of this year, with experts forecasting little relief in the coming months as more companies choose to relocate their operations outside the country to hedge against rising US-China trade tensions.
Rents declined 12.8 per cent in the first six months from a year earlier, property consultancy Knight Frank said in a report on Wednesday. The market weakened by 14.1 per cent in the July to December period last…
Source : South China Morning Post
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