Singapore industrial space rents, prices up in Q2; supply makes a rebound: JTC
Add BT as a preferred sourceLisa Kriwangko
INDUSTRIAL rents and prices in Q2 rose over the quarter for the third straight quarterly season, reflecting the economic recovery seen in the manufacturing sector, data released by JTC on Thursday showed.
Analysts see a global chip shortage and more in-bound biotech investments creating more demand ahead, though this is tempered by the rise in supply, with total available stock seeing its largest quarterly rise since 2017.
According to JTC, prices of industrial properties gained 1.8 per cent quarter on quarter (qoq), while rentals edged up 0.6 per cent in Q2. Prices and rents are up 1.6 per cent and 0.3 per cent respectively when compared to the previous year.
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