Industrial sales decline in Q1

Multi-user factories and warehouses dropped during the period.

Sales of multi-user factories and warehouses dropped in Q1 2025, whilst single-user factory sales saw a marginal rise. Knight Frank reported.

Following the slow industrial property sales activity in Q4 2024, total sales value continued to decline, falling 33.9% quarter-on-quarter (QoQ) to $680.9m with 355 transactions in Q1 2025.

Meanwhile, a few sizable deals were still closed during the quarter including the sale of a single-user factory at 23 Lok Yang Way for $70.1m in March and a multiple-user factory at New Industrial Road that was sold for $62.0m in February.