Chart of the Day: Warehouse supply in Singapore predicted to jump 19%

15.1m sqft will be completed.

According to Barclays, the Singapore government manages the supply of land through its Government Land Sales Programme (GLS).

This programme is implemented with the help of agents including JTC, URA, SLA and HDB. JTC, established in 1968, primarily releases industrial land by a public tender using the Confirmed or the Reserved list.

Here's more from Barclays:

The objective of the programme is to meet the private sector’s demand for properties, which are usually available on a 15- to 99-year lease (based on the type of property).
JTC also offers prepared industrial land sites usually with 30 year lease tenure under the Open Land Application Scheme (OLAS) on a quarterly basis.

CBRE estimates 43.2mn sqft of new factory space to be completed between 2Q13 and 4Q16, adding 14% to current stock of 346.1mn sqft. Of this supply, 33.3mn sqft (77%) is currently under construction, and of this, 41% is multiple-user factory.

15.1mn sqft of warehouse space will be completed between now and end-2015, adding 19% to current stock of 79.7mn sqft.

North Spring Bizhub (GFA of 1.25mn sqft) and Mapletree Benoi Logistics Hub (1mn sqft) are major developments expected to be completed in 2013.

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