The debate over industrial property has been consistently grabbing the headlines in recent months. Earlier this month, a news report highlighted a gap in data for industrial property. Apparently, some transactions were not captured in the Urban Redevelopment Authority's Realis database due to incomplete information provided in the caveats lodged. As a result, they were not used in the compilation of...
Industrial Rental
Rents for business park space and offices have stagnated over the last six months. This is according to research by DTZ which is part of commercial property giant UGL Limited. Rent for business park space has remained unchanged at S$4.38 per square foot per month in the second half of 2011. This is a contrast to the robust 6.6 per cent growth registered in the first half. Likewise, average rent for...
Average rental values for private industrial space stagnated in the third quarter of 2011 as leasing demand softened for industrial space, according to DTZ Research. The average rent for hi-tech industrial space and upper-storey private industrial space stood unchanged quarter-on-quarter at S$3.45 and S$1.75 per square feet per month respectively in Q3 2011. DTZ said the slowdown in the office sector has...
Rental prospects for the industrial property market in Singapore are the strongest in the Asia Pacific region, according to a report by DTZ Research. The real estate advisory company said prime industrial rental growth between 2011 and 2015 is forecast at about 5 per cent for Singapore. DTZ noted that industrial rents were already up 5 per cent in the first half of 2011 compared to the previous year. It...
Rental growth for hi-tech industrial space in Singapore, which includes business parks, rose at a faster pace in the second quarter than in the first quarter of this year, according to DTZ Research. The real estate services firm said the average monthly gross rent for private high-tech space increased 4.5 per cent quarter-on-quarter to S$3.45 per square foot (psf) per month in the April-June quarter,...
Industrial property markets worldwide showed signs of recovery in the second half of 2010, led by the Asia Pacific region. This is according to a report by international property consultant, Colliers International, which tracked the performance of industrial property rents across 150 cities. Singapore retained its position as the seventh most expensive location for prime warehouse space at US$15.71 per...
Rents for high-tech industrial properties in Singapore grew at a faster rate in the first quarter, DTZ Research said yesterday. The average rent for high-tech properties, which include business parks, rose 3.1 per cent quarter-on-quarter to S$3.30 per sq ft per month in the first three months of the year, following a 1.6-per-cent increase in the previous quarter. Rents for conventional industrial space...
Rents for hi-tech industrial properties in Singapore grew at a faster rate in the first quarter. According to DTZ Research, the average rent for hi-tech properties, which include business parks, rose 3.1 per cent quarter-on-quarter to S$3.30 per square foot per month in the first quarter. It had increased 1.6 per cent in the previous quarter. Rents for conventional industrial space also continued on its...
Prime warehouse rents in Singapore are the seventh-most expensive in the world, according to a study by property consultants Colliers International. It said Singapore rents were US$13.38 per square foot per year in the first half of 2010. Singapore's current rank is a jump from the 9th spot it took in the second half of last year. In the first half of 2009, Singapore's prime warehouse rents were low enough...
The average rents and capital values for factories and warehouses in Singapore continued to increase in the third quarter, but the average rent for hi-tech buildings stayed unchanged, according to property consultancy CB Richard Ellis (CBRE). It also noted a healthy level of activity in the investment market for industrial properties with major investment transactions totalling S$835.7 million in the...