Industrial prices and rentals headed for a bottoming-out

Singapore

WITH the falls in industrial prices and rentals showing signs of moderation, JTC expects both indices and occupancy rates to "stabilise" in the coming years, as new supply starts to taper.

Industrial rents dipped just 0.1 per cent in the fourth quarter of last year, compared to a decline of 1.1 per cent in the third quarter. For the full year of 2017, rentals fell 2.8 per cent, compared to a full-year decline of 6.8 per cent in 2016.

This was the 11th consecutive quarter of rental decline, but the rate of decline was the slowest.

As for industrial prices, they fell 1.1 per cent in the latest quarter co…