>

>

Singapore industrial rents rise 1% q-o-q in 1Q2022, sixth consecutive quarterly growth: Colliers

/ EdgeProp Singapore |

May 13, 2022 4:37 PM SGT

Looking ahead, industrialists could start looking to diversify their supply chains and tap onto alternative options for cheaper storage: Colliers

Join our Telegram channel and follow our Facebook for the latest update.

SINGAPORE (EDGEPROP) - Industrial rents in Singapore climbed 1% q-o-q in 1Q2022, the strongest quarterly growth the segment has seen since 3Q2013. Last quarter’s performance was also the sixth consecutive quarter of growth, according to a market report by Colliers.

Prices in the industrial segment also performed well, climbing 3.1% q-o-q last quarter, and marks the strongest quarterly price growth since 1Q2014. “Due to previous construction delays, most of the industrial supply pipeline is coming onstream this year, with the majority being factories. In addition, 25.90 mil sq ft more industrial space is scheduled to complete this year,” says Colliers.

Over the next three years, the average annual pipeline supply is set to be 12.92 million sq ft, nearly double the 6.46 million sq ft that came online between 2019 to 2022. “This anticipated surge in supply could slow price and rental growth, while providing more options for industrialists at the same time,” the consultancy says.

Looking ahead, industrialists could start looking to diversify their supply chains and tap onto alternative options for cheaper storage, says Lynus Pook, executive director, industrial services at Colliers Singapore. He adds that demand for industrial assets, especially high specification warehouses and business parks, should still be underpinned by growth industries such as the food, media, logistics, technology and biomedical sectors.

Tags:

Follow Us

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

Sapphire Windows’ Liews: Beyond providing a room with a view

2

Keeping cool in an east-west-facing house with modern glass windows

3

Far East Shopping Centre’s $908 mil en bloc deal aborted

4

Luxury living in the new heart of Bukit Timah

5

Grandson of Genting Group founder leads Cover Projects, carves niche in Singapore’s heritage properties

Our Site

Follow Us

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.

View More

Close Ad

00:00