"Amid the global financial turbulence, the industrial property market showed its resilience by remaining in positive territory this quarter"

• Advance estimates show that GDP for Q3/2008 declined 0.5 per cent over the same period last year
• Manufacturing output is down for the second consecutive quarter by 11.5 per cent year-on-year
• Only one acquisition made by a REIT during the quarter
• Rents and prices of flatted factories and warehouses register marginal growth
• Occupancy of industrial space remains high