Prices, rents of industrial space stable in 2019; new supply to rise significantly this year: JTC
An average annual supply of 1.2m sq m of space will come onstream in the next 4 years
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Nisha Ramchandani
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
PRICES and rents of industrial space remained relatively stable in 2019 despite the headwinds, while the occupancy dipped 0.1 percentage point.
However, 2020 will bring an uptick in new supply, which could affect the performance of certain segments of the industrial property market.
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