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SINGAPORE – Industrial real estate prices and rents continued to stabilize in the second quarter of 2018, the government agency JTC announced in its latest quarterly market report on Thursday (July 26th).
In Q2 2018, industrial prices remained unchanged. Industrial rents fell 0.1% from the previous quarter and fell 4.1% year over year
Occupancy rates fell 0, 3 percentage points The volume of transactions increased by 35% compared to the first quarter and 9% year-on-year.
During the second half of the year, the volume of transactions increased by 35% compared to the first quarter. In 2018 and 2019, about 2 million square meters of industrial space, of which 334,000 square meters of multi-user factories, should enter into service
which compares to the supply and average annual demand of about 1.7 million square meters. 1.2 million sq.m respectively over the last three years
"As the new supply starts to decline over the next few years, prices and rents should stabilize in line with the rates of Occupation, "said the JTC
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