Singapore industrial market set for ‘uneven growth’ in 2026
High-spec, high-tech industrial space in demand, but occupiers growing more cost-conscious and older assets face pressure
[SINGAPORE] Steady demand for high-spec manufacturing and logistics space kept Singapore’s industrial property market stable this year, but a flood of new supply amid ongoing global trade uncertainty could lead to significant moderation in certain sectors, analysts said.
There was a small uplift in industrial rents, which rose 1.8 per cent in the first nine months of 2025, after rising 3.5 per cent for the whole of 2024 and 8.9 per cent in 2023.
“We expect 2026 to be a year of uneven growth, supported by structural tailwinds,” said William Tay, chief executive officer of the manager of CapitaLand Ascendas Reit (Clar), Singapore’s largest industrial real estate investment trust (Reit).
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