Chart of the Day: Over 1.2 million sqm industrial supply to come online by 2019

The shift towards Industry 4.0 is fuelling demand for logistics facilities.

This chart from OCBC Investment Research (OIR) with data from JTC shows that the looming supply of industrial space coming onstream in 2019 will be higher than 2018 as about 1.8 million sqm of industrial space will be available by Q42018 and 2019.

Also read: Factories get a facelift amidst Singapore's industrial property sector transformation

Around 447,000 sqm of industrial space already came online in January-September 2018.

Out of the 1.8 million sqm of industrial space in the pipeline, 1.2 million sqm will be entering the market by 2019. The conglomerate new supply represents about 4% of the current industrial stock.

Also read: Industrial sector takes charge over real estate investment in Q3

“To put things in perspective, over the past three years, the average annual demand and supply were 1.2m sqm and 1.6m sqm, respectively,” OIR explained.

Meanwhile, about 302,000 sqm of multiple-user factory space is expected by Q4 2018 and 2019. OIR noted that the annual demand and supply hits about 254,000 sqm and 369,000 sqm, respectively, over the past three years.

Also Read

LHN Limited Warns of a profit dip in 1H24

Guan Peng Hardware wins bid for Jalan Papan Plot 8 site

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!

I want to download the media kit