Industrial property prices rose 0.9% QoQ in Q1, 2021

However, prices are still 1.3% down on a year-by-year basis.

Prices and rentals of industrial spaces in Singapore have continued to rebound, as it recorded a 0.9% QoQ increase on prices of industrial properties whilst rents climbed 0.6% QoQ, according to data released by JTC.

However, the numbers are still down on a YoY basis, as the price and rental indices fell by 1.3% and 0.9%, respectively.

Whilst one million square metres (sqm) of industrial space was initially expected to be opened up in Q1, only 131,000 sqm of projects were actually completed as delays continue to persist. As of the end of March, around 2.4 million sqm of new industrial space was expected to be completed over the next three months.

Meanwhile, the occupancy rate for the overall industrial property market inched up 0.1 percentage points QoQ, and 0.8 percentage points YoY to 90%.

JTC noted that the demand for industrial space is projected to increase as the economy starts to recover in 2021.

"Any potential rise in occupancy is likely to be tempered by new completions and the increase in supply into the market. As such, prices and rentals are likely to remain stable" JTC said.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia