Industrial property prices slipped 2.1% in Q2

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.

Also read: Industrial property prices and rents are turning around

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.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!