Upcoming supply of Singapore industrial space may moderate price, rental growth
THE significant supply pipeline of industrial properties in Singapore and ongoing economic and business risks may cap the strength of the sector’s recovery, at least for the rest of the year, analysts said.
This comes as JTC Corp’s latest market report showed that rents and prices of industrial space increased again for Q3 2021, marking the fourth straight quarter of marginal growth.
On Thursday (Oct 28), the industrial land and infrastructure agency said in its report that prices and rentals are likely to remain stable, “with positive upsides in the near future if the economy recovers strongly.”
Tay Huey Ying, JLL head of research and consultancy, Singapore, foresees island-wide rents clocking a full-year growth of up to 3 per cent in 2021. The an…
A NEWSLETTER FOR YOU
Property Insights
Get an exclusive analysis of real estate and property news in Singapore and beyond.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Singapore Q1 industrial rents rise further 1.7%, as occupancy dips and prices fall: JTC
Condo resale volumes rebound in March; prices inch up 0.4%: SRX, 99.co
S$16.5 million deal at The Ritz-Carlton Residences tops Q1 gainers; seller reaps S$4.9 million profit
Lucrum Capital looks to sell Killiney hotel site for S$195 million
US 30-year mortgage rate rises to five-month high of 7.24%
Money laundering accused Su Baolin’s Sentosa property goes unsold at auction