Construction and industrial sectors slow: Mapletree

Mapletree Logistics reported a slowdown in activity in the construction and industrial sectors.

Mapletree is a real estate trust that specialises in logistics and industrial property.

At the release of the logistic report on Wednesday, Mapletree’s chief executive, Richard Lai, said high consumption rates in Singapore and around the region had kept demand for industrial space high, but the global economic slowdown was being felt elsewhere.

“What we have seen is obviously a slowdown more in terms of the construction side, the industrial side of the business but this as been offsetted by the continued consumption demand,” he added.

Source : Channel NewsAsia – 16 Nov 2011

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