Industrial sector bounces back with single-user factory transactions up by 214% HoH
The overall industrial price index jumped by 2.7% HoH in H1 2021.
Singapore’s industrial sector maintains its recovery process with a 214% half-on-half (HoH) increase in single-user factory transactions.
This can be attributed to the strong demand for industrial assets such as factories and warehouses, as well as the continued growth of e-commerce. The industrial price index increased 2.7% in the first half of 2021 as a result of this.
Occupancy also crept 0.2 percentage points to 90.1% due to a surge in supply.
JTC Rental and price indices also recorded an increase at 1.1% and 2.7% HoH, respectively.