News

Commercial Property

Danielle Isaac

, Singapore

Published:

8 years ago

Chart of the Day: Strata-titled industrial transactions dropped in Q3

The total number of factory caveats dropped from 197 last year to 184 in 2017.

This chart from Knight Frank shows the demand for total strata-titled factory units waned in Q3 at 184 caveats from Q2's 212 caveats.

The decline is also prominent on a yearly basis at -6.6% from 197 caveats.

Only one new sale transaction for factories was lodged in Q3 2017 as lesser strata-titled industrial projects were launched.

Demand for leasehold factory units constituted the largest proportion, accounting for 77.7% of the 184 strata-titled factory caveats made.

Total strata-titled factory resale transactions fell by 9.0% QoQ to 183 resale caveats in Q3 2017, and a 7.6% YoY increase from 170 resale caveats in Q3 2016.

Demand for strata-titled warehouse units saw a decline to 9 caveats compared to the previous quarter's 13 caveats, with the majority of the strata-titled warehouse caveats coming from the Central and East Regions.

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