South Africa: Commercial Building Boom Impresses FNB

Johannesburg — THE residential development market was "ticking along quite nicely at levels that are relatively high by historic standards", but commercial property remained the star of the building industry, First National Bank Commercial Banking property strategist John Loos said yesterday.

Loos was commenting on Statistics SA building figures released this week showing year-on-year growth in industrial and warehouse space completed reached 159,4% in April, up from 79,7% in March.

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