Citimac Industrial Complex at the junction of Macpherson Road and Paya Lebar Road has been put up for collective sale, with the owners seeking bids of S$550 million and above. Cushman & Wakefield, which is handling the en-bloc sale, described the complex as a rare developable site near the Paya Lebar iPark vicinity and the Paya Lebar Regional Centre. According to Cushman, Citimac occupies a land area...
Industrial Space
Prices and rentals of industrial space continued to moderate in the second quarter, as industrial occupancy rates continued to fall, according to a quarterly report by JTC. Released on Thursday (July 24), the report said industrial occupancy rates in the second quarter fell by 0.9 percentage point from the previous quarter to 90.7 per cent – the lowest level since late 2007. For multiple-user factory...
Prices and rentals of industrial space continued to moderate in the second quarter, as industrial occupancy rates continued to fall, according to a quarterly report by JTC. Released on Thursday (July 24), the report said industrial occupancy rates in the second quarter fell by 0.9 percentage point from the previous quarter to 90.7 per cent – the lowest level since late 2007. For multiple-user factory...
Rents for prime warehouse space in Singapore weakened for the third straight quarter in the April-June period, according to the latest report by property services firm Colliers International on Friday (July 11). It estimates that the average monthly gross rents of ground-floor warehouse space fell 1.6 per cent quarter-on-quarter to S$2.54 per square foot per month. The average rent for upper-floor...
Leasing activity in Singapore's industrial property market continued to gain momentum in the second quarter of this year, but sales remained weak. This is according to the latest quarterly report by property consultant, Colliers International. It said that the outlook for the sector for the rest of the year is mixed. Colliers said the increase in the number of committed leasing deals was driven...
Leasing activity in Singapore's industrial property market continued to gain momentum in the second quarter of this year, but sales remained weak. This is according to the latest quarterly report by property consultant, Colliers International. It said that the outlook for the sector for the rest of the year is mixed. Colliers said the increase in the number of committed leasing deals was driven...
The Republic has taken significant steps to remain competitive and companies that want to expand here will have sufficient space to grow, Deputy Prime Minister Teo Chee Hean said on Friday (June 20). Speaking at a luncheon that followed the annual general meeting of the Singapore International Chamber of Commerce, Mr Teo said the Government hopes to see more companies use Singapore as a base to seize...
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...
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,...
Industrial property occupancy rates fell 0.3 percentage points on a quarter-on-quarter basis to 91.6 per cent, based on latest data from Singapore's lead industrial infrastructure developer JTC Corporation. JTC said the decline follows an increase in industrial land and space supply by the government in recent years. Prices of industrial space continued to moderate compared to previous years. In...