Industrial capital values, rents dip in Q4; occupancy at 90.9%

Singapore

OVERALL industrial property prices and rentals dipped 0.1 per cent and 0.6 per cent respectively in the fourth quarter of 2014, while occupancy rates held steady at 90.9 per cent.

This is based on JTC's updated price and rental indices, which are calculated based on a new methodology with expanded coverage, taking into account more geographies and property types. With effect from Q4 2014, JTC has also updated the base year of its indices to Q4 2012, from Q4 1998 previously.

Still, the latest price index shows an unexpected 3.5 per cent year-on-year increase, driven by prices of multiple-user factories which rose 4.4 per cent fr…