Big drop in strata factory sales to-date

[SINGAPORE] The number of strata-titled factory sales to date this year is just over half the number seen over the same period last year, a DTZ report showed, as government regulations and a Total Debt Servicing Ratio (TDSR) framework took effect.

In its quarterly report on industrial property released yesterday, DTZ said that 1,553 strata factory units changed hands this year as at Sept 27, down 46 per cent from the 2,890 in the previous year.

"The fall in transactions suggests that speculative buying in the industrial sector has dimmed over the course of the year," said Lee Lay Keng, head of Singapore research at DTZ.