Industrial market posts stable Q3 despite external headwinds, but outlook cloudy

Singapore

RENTS and prices of industrial space in Singapore remained relatively stable in the third quarter of this year compared with the previous three months, even as the industrial market faces headwinds from the US-China trade spat.

However, between the slowing economy and the ongoing trade war, overall rents and occupancy could face pressure in the quarters to come.

According to the latest data from industrial land and infrastructure agency JTC Corp, the price index was up 0.1 per cent quarter on quarter, owing to single-user factories, while the rental index was flat.

During the quarter, prices for multiple-user factories in the central region saw an increase in price, up 0.5 per cent quarter-on-quarter, while factories with a remaining tenure of above 60 years saw a price increase of 0.7 per cent. In contrast, factories with remaining tenures of 30 years and under slid 1.5 per cent, while those wit…