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Decline in industrial property prices, rents slows as sector activity rises

Analysts say they have observed a pick-up in leasing enquiries in Q1, with occupiers securing their premises ahead of anticipated rental recovery

Published Thu, Apr 26, 2018 · 09:50 PM

Industrial property

Singapore

INDUSTRIAL property prices and rents could hit an inflection point this year as sector activity picks up and as new supply begins to gradually lessen in the coming years.

JTC's market report for the first quarter of 2018 showed that both prices and rentals dipped just 0.1 per cent compared to the fourth quarter of 2017. While that is the 12th quarter of consecutive decline for both indices, analysts noted that the rate of decline has slowed and become relatively stable.

There have been signs of better demand in the markets, they added. JLL Singapore's head of research and consultancy Tay Huey Ying said that it …