Overall prices for industrial property up 2.4% in Q3: report

It has an average price of $444 per square foot.

The overall prices of industrial properties went up to an average price of $444 per square foot in the third quarter of 2022, which is up 2.4% compared to the previous quarter, including increased FAI.

According to Knight Frank, industrial sales totalled $773.1m in the third quarter, which eased by 12.2% quarter-on-quarter and 5% year-on-year.

Based on the sales, the Geylang and Woodlands Planning Areas were sought-after locations with 49 with $72.5m and 47 with $42.5m factory units sold in the quarter. Majority of these are multiple-user factories.

Whilst the overall demand for industrial space went down, the improving construction and transport sectors driving output expansions in certain manufacturing clusters propped up sales activity in the third quarter.

Follow the link for more news on

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!

Top News

Singapore net inflows hit $263.18m in 3Q23
Equity and fixed-income funds reported inflows during the quarter.
OCBC enables customers to lock money in their accounts
Locked funds cannot be used for payments, investments, and ATM withdrawals.


Italy brings its strong suits to Singapore’s fintech expo
Italian trade executive says 9 firms at the Singapore Fintech Festival 2023 exemplify the diverse range of products and expertise Italy can bring to the table.
Trust Bank sets the bar for digital banking in Asia Pacific
The digital bank targets to be Singapore's fourth largest retail bank, CEO Dwaipayan Sadhu said.
How brands can avoid inauthentic nostalgia marketing
A GlobalData expert flag inauthenticity in using throwback marketing and cite brand campaigns that are winning hearts.