Singapore's industrial property market sluggish in 3Q13

Average values of factory space have eased.

Colliers International’s latest quarterly research report on the Singapore industrial property sector revealed that activities in both the sales and leasing markets have slowed down in 3Q 2013.

After registering an increase in the past 16 quarters, the average capital values of prime freehold conventional factory space reflected a slight dip in 3Q 2013.

Here's more from Colliers:

The average capital values of ground- and upper-floor prime freehold conventional factory space eased by 0.3 per cent and 0.2 per cent quarter on quarter (QoQ), to S$716 per sq ft and S$657 per sq ft, respectively in 3Q 2013.

In contrast, the average capital values of prime freehold warehouse space continued to inch up but at a moderated rate.

The average capital values of ground- and upper-floor prime conventional warehouse space in 3Q 2013 reached S$659 per sq ft and S$584 per sq ft, respectively – both increasing by 0.5 per cent QoQ.

This is compared to the QoQ growth of 1.1 per cent for ground-floor premises and 0.9 per cent for upper floors in 2Q 2013.

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