Industrial Property

Industrial Property Market in 2022 and Forecasts For 2023

Singapore has long been recognized as one of the most innovative and dynamic economies in the world, with a thriving manufacturing sector that plays a significant role in the country's economic growth. The industrial property market in Singapore has seen steady growth in recent years, driven by demand from e-commerce, technology, and life science sectors. However, the COVID-19 pandemic and global economic...

Rentals, sale prices of industrial space rise at moderate pace

Rentals and sale prices of industrial space continued to climb at a moderate pace in the first quarter of the year, amid a marginal drop in occupancy rates during the same period, a quarterly report released by JTC yesterday showed. The report showed that rentals rose 0.4 per cent on-quarter during the January-to-March period, higher than the 0.2 per cent growth in the previous three months. On a...

Industrial property market to be more transparent with JTC data

Businesses looking to buy or rent industrial properties in Singapore will be able to make more-informed decisions on where to look and how much they should be paying, following JTC’s move to make available more-detailed information on current trends in a bid to introduce more transparency into the market. The move comes as concerns have been raised about the cost of commercial property in Singapore,...

More innovative industrial developments from JTC

Small- and medium-sized enterprises (SMEs) can look forward to more innovative industrial developments from JTC Corporation. Outlining its plans for the future, JTC says the 16 projects it is working on are expected to add 800,000 square metres of multi-user space by 2017. JTC also expects industrial rents to continue to moderate in the coming years. JTC is the lead industrial infrastructure...

Henley Industrial Building up for collective sale

The Henley Industrial Building was put up for collective sale on Tuesday. The four-storey industrial building at Upper Paya Lebar Road has an area of approximately 27,161 square feet with 17 existing units. Marketing agent CBRE said the building has a reserve price of S$37 million. This works out to S$545 per square foot (psf) per plot ratio and a breakeven cost of about S$792 psf. No...

Effects of cooling measures on industrial properties beginning to show

The first quarter of the year is traditionally a quiet period for the industrial property market. However, market sentiment seems a little different this year. Data from Knight Frank shows that sales volume of strata-titled factory space in the first quarter this year is 26.5 per cent lower than the same period last year. Knight Frank's latest report analysed caveats lodged up till March...

Industrial property at Enterprise Rd up for sale by tender

An industrial property at Enterprise Road in Jurong has been put for sale by tender. The asset consists a large single-storey factory - comprising warehouses, production and office areas. Exclusive agent for the deal Jones Lang LaSalle said the site has a built up area of about 62,500 square feet. It is located on a leasehold site of 109,164 square feet with a remaining term of 25 years. Meanwhile, the...

Industrial property prices to continue to climb in 2013, say analysts

Prices of industrial properties in Singapore have risen by some 27 per cent in the first three quarters of 2012. Some analysts say prices could climb by 30 per cent for the entire year, one of the highest in recent years. They attribute the increase to buoyant demand for strata-titled industrial premises. Low interest rates, high liquidity and cooling measures in the residential property segment have...

Industrial property prices expected to rise in Q3

The Urban Redevelopment Authority's (URA) Price Index for industrial properties is expected to register an increase of about eight per cent in the third quarter. This is according to analysts ahead of flash estimates to be released by the URA on Monday. While price increases are set to moderate, there are concerns that the uptrend in industrial property prices may spur policy changes to cool the...

Industrial, commercial property prices rise in Q4

Experts have said that commercial and industrial property will continue to outperform the office market this year. This comes after Urban Redevelopment Authority (URA) figures showed higher quarterly prices for industrial (4 per cent quarter-on-quarter) and commercial assets (13.8 per cent quarter-on-quarter). Meanwhile, city rentals have slowed. The trend of cooling office rents is clear. While URA's...

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