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Brenda Ong and Wong Xian Yang

The attractiveness of private leasehold land can be observed from recent transactions which includes 10 Toh Guan Road East and Admirax. (above)

Wave of asset rejuvenation to come in Singapore industrial real estate

Underutilised industrial developments are likely to undergo redevelopment or asset enhancement to capture new and high-quality occupier demand

Prime logistics and conventional warehouses continue to lead growth, driven by demand for modern and high-specification spaces, as 3PL players and e-commerce users focus on operational efficiency.

BT PROPERTY WEEK 2024

Singapore industrial: Strong growth prospects but no easy ride

Rents have shown robust growth, driven by undersupply in high-quality assets; prospects will vary according to dynamics of each segment

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