Four-year slow: Industrial property prices rose 15% less than average

More industrial land and space are being released.

Industrial property prices have grown 18.8% each year for the past four years but have dramatically slowed this year at 3.9% due to more transactions for properties with shorter tenure in 2Q.

A report by JTC reveals that the occupancy rates of the overall industrial property market continued to fall, with this year registering 90.7% occupancy, 1.7 percentage points less than last year’s 92.4%.

Rentals, meanwhile, have moderated in 2Q, falling by 0.1% on a quarterly basis but rising 5% year on year, also significantly lower than the average increase of 10.2% per year over the past 4 years. 

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Strides Premier enhances routing with Autofleet tech
The Singaporean taxi operator will utilise Autofleet’s platform to improve route planning and dispatching.
RGE and Singapore Fashion Council launch ‘Responsible Fashion Scholarship’
It is open for Singaporean citizens or permanent residents in full-time undergraduate or postgraduate programs at recognized institutions.
HR & Education