COMMERCIAL PROPERTY | Staff Reporter, Singapore

Chart of the Day: Single-user factories will make up 64% of industrial property pipeline in 2019

It will make up approximately 11 million sqft in GFA.

This chart from Colliers International shows that single-user factories are projected to make up an estimated 64% of Singapore’s industrial property pipeline in 2019.

It will make up approximately 11 million sqft in gross floor area (GFA) of the approximate 16.17 million sqft in GFA. Multiple-user factories are expected to make up 3 million sqft, followed by warehouses and business parks at 2 million sqft and 700,000 sqft, respectively.

According to Colliers, of the multiple-user factories in the supply pipeline in 2019, JTC Corporation’s JTC Bedok Food City will have a total GFA of approximately 1.14 million sqft, whilst its trendspace factor will have a GFA of around 660 sqft. Syscon’s 30 Tuas Bay Drive single-user factory will have a GFA of about 524,000 sqft. 

Also read: Industrial leases leaped 14.6% to 10,473 in 2018

Meanwhile, following the completion of three data centres in Woodlands and Tuas areas during H2 2018, Colliers said it expects more high-profile data centre projects in the pipeline to arrive in the coming years such as the ones built by Google, ST Telemedia Global, Equinix, OneAsia, Digital Realty and Facebook.

"In January 2019, the British technology company Dyson said it would move its headquarters to Singapore, following an earlier announcement in October 2018 that it would build an electric car manufacturing plant here," the firm added.

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