Big-ticket industrial property sales nearly double to S$4b YTD

Singapore

INDUSTRIAL properties have been in high demand this year, with a total of S$4 billion in big-ticket transactions (of at least S$10 million each) year to date (with the latest transaction dated Nov 19), based on Cushman & Wakefield Research's analysis.

"The YTD tally is almost double 2020's full-year industrial property investment sales value of S$2.1 billion, reflecting robust demand from investors and industrialists," said C&W's Singapore research head Wong Xian Yang.

"Investors are betting on the outperformance of industrial properties, in particular new economy assets such as business parks, logistics facilities and high-specification industrial buildings," he added.

C&W's executive director of logistics and industrial, Brenda Ong, has observed strong occupier demand this year in sectors such as electronics, semiconductors a…