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Industrial rents and prices continue decline in Q1

This was despite robust trade and manufacturing showings, but analysts put this down to the usual time lag and an oversupply of space

Published Thu, Apr 27, 2017 · 09:50 PM

JTC

Singapore

THE recovery in Singapore's trade and manufacturing output has yet to translate into higher demand for industrial space in the first quarter of this year, JTC Corporation's latest figures on industrial property prices and rentals show.

Prices of Singapore's industrial spaces are down 2.2 per cent from the previous quarter; rentals are 0.9 per cent down.

Year on year, the price index is 8.9 per cent lower, and the rental index, 5 per cent lower.

Consultants say there is usually a lag time between economic recovery and demand for industrial space, and point out that the high supply of industrial spac…