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…

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