Singapore’s industrial rents, prices up in second quarter

singapores industrial rents prices up in second quarter

Sumary of Singapore’s industrial rents, prices up in second quarter:

  • In the second quarter of the year, total available stock increased by 374,000 sq m compared with the first quarter, the largest quarterly rise since 2017. By the end of the third month in the second quarter, there was 50.5 million sq m of industrial space.
  • Mirroring the first quarter, multiple-user factories was the only segment seeing quarter-on-quarter growth in occupancy rate, rising 0.7 per cent.
  • Occupancy rate for single-user factories remained unchanged in the second quarter.
  • During the quarter, JTC allocated a total of 103,100 sq m of ready-built facilities (RBF) space to industrialists, which included 66,900 sq m of high-rise space and 23,700 sq m of land-based factory space.
  • Total RBF returns in the second quarter were 44,500 sq m, of which 30,200 sq m was high-rise space and 8,600 sq m was land-based factory space.
  • The industrial land and infrastructure agency expects a further increase in industrial space supply.

Want to know more click here go to source.

From -

Generic selectors
Exact matches only
Search in title
Search in content

Site Language

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.