Rents for factories, warehouses and other industrial spaces in Singapore fell slightly during the first quarter of 2014 as firms became more cautious about expansion, Colliers International said on Tuesday. The real estate consultancy estimated that rents for ground floor factory and warehouse space fell 0.8 per cent in the first quarter from the last three months of 2013. For upper floor units, the...
Industrial Space
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...
JTC Corporation (JTC) has launched the sale of a plot of industrial land at Loyang Way by public tender on Thursday. JTC said the site has a land area of 20,633 square metres, and is zoned for Business-2 development. This means the plot can be used for industry and warehouse purposes. The land parcel has a tenure of 30 years and gross plot ratio of 2.5. Developers have up to 84 months to complete...
It's all quiet on the industrial property front more than a week after Singapore's first cooling measure on the sector kicked in. Most market experts are confident that industrial property prices will hold steady and may even increase by up to 15 per cent this year. But there're others who believe the sector is set for a correction. For the first time, Singapore is imposing a Sellers' Stamp Duty on...
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...
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...
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...
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...
The Ministry of Trade and Industry said it will continue to keep a close watch on the industrial property market and will release more land when necessary to ensure a stable and sustainable market. Trade and Industry minister, Mr Lim Hng Kiang, said this in a written response to a question posed by MP Zaqy Mohamad, Member of Chua Chu Kang GRC. Mr Zaqy had asked whether the ministry had assessed the real...
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