Occupancy rate remained stable at 88.7%.
Prices of industrial properties in Singapore slipped 2.1% YoY in Q1 2018, JTC revealed. Meanwhile, rentals slipped 1.4% YoY in the quarter.
Despite this, occupancy rate remained stable at 88.7%
“As new supply starts to taper in the coming years, prices and rentals should stabilise in tandem with occupancy rates,” JTC said.
For H2 2018 and for 2019, about 2 million sq m of industrial space is set to be available. In the past three years, average annual land supply and demand were around 1.7 million and 1.2 million, respectively.
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