Chart of the Day: SG multiple-user factory space median rent stays at $1.73 for Q2

There were a total of 1,801 rental transactions in April and May 2021.

This chart from Knight Frank shows that the Singapore-wide median rent of multiple-user factory space went unchanged in the second quarter of 2021, hitting $1.73 per square foot per month just like in the preceding quarter.

However, the monthly data revealed an improvement in both rents and rental activity, mirroring the trends seen in the manufacturing sector at large.

As a result, there were a total of 1,801 rental transactions in April and May 2021, representing an increase of 43.7% year-on-year from the 1,253 rental transactions in the same period last year, and an increase of 15.2% from 1,564 transactions in January and February 2021.

“With an increasing urgency to fulfill orders from all over the world, producers of technological components were active in seeking expansion space in order to grow output,” the report said.

The multiple-user factory segment also showed some strong transactional activity totaling some $370 million, led by the $35.3 million sale of Lam Soon Industrial Building in May 2021.

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!

Venture, Genting Singapore and Keppel Corporation showed the most growth.
Meanwhile, a record 583 non-landed homes sold for more than $2m each in the first nine months of the year.
The merger will create a flagship pan-Asia logistics and high-tech S-REIT.
It is followed closely by the identification app SingPass.
The index tracks REITs in the APAC region with higher dividend yields and positive environmental attributes.
Both companies will create training programs to support digital entrepreneurship and digital upskilling for Grab partners.
The deal is focused on M1’s network assets. 
This is a part of the Lion City's bid to become a global maritime knowledge and innovation hub.
Risks, however, are present with the financial troubles faced by the real estate sector in China. 
This comes as more Singaporeans turn to gaming in the midst of the pandemic. 
Retail sector has experienced the “most disruptions” with the changing restrictions.
The company was commended for being a global and regional sector leader in five categories.
The CEO designate said he aims to drive development in the company’s business units.   Gary Ho,  who played an instrumental role in the Initial Public Offering (IPO) of Nanofilm Technologies International Limited, has been appointed Chief Executive Officer of the company.
Analysts said strong leasing activity in Q3 played a factor.
Islandwide prime retail rents saw a dip by 0.6% q-o-q.