Soft market ahead for most developers

Singapore

A WEAKER manufacturing outlook and continued targeted measures by JTC Corporation to boost supply and cool speculation are likely to keep Singapore's industrial property market soft going into 2015 (see infographic).

Certain types of properties, such as high-specification factories, business parks and warehouses, as well as niche developments such as food factories, will probably still see strong take-up and stable rents.

This is because of their limited supply and links to high productivity and value-add economic clusters such as biomedical and petrochemicals.

The capital values of freehold and longer-tenure (from 60 to 999 years) factories will also be…