Demand for industrial property on the mainland is now being driven by foreign investors aiming to serve the domestic market rather than export markets, according to analysts.

Property consultants said logistics properties now offered investment yields that ranged from the high single digits to more than 10%, depending on cities and locations.

Official data shows the country's two-way trade volume grew 6.9% last month from March to US$170.73bn - a year-on-year decline of 22.8%.

South China Morning Post