Prices, rents of industrial space stable in 2019; new supply to rise significantly this year: JTC

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.

The latest data from industrial land and infrastructure agency JTC Corp showed that the price index fell 0.3 per cent compared to 2018, led by the multiple-user factory segment, while the rental index inched up 0.1 per cent owing to the improvement in business parks.

The occupancy rate of the overall industrial property …