25 Apr '14, 1pm

Industrial property occupancy rates fall, prices moderate: JTC | LushHomeMedia

Industrial property occupancy rates fell 0.3 percentage points on a quarter-on-quarter basis to 91.6 per cent, based on latest data from Singapore’s lead industrial infrastructure developer JTC Corporation. JTC said the decline follows an increase in industrial land and space supply by the government in recent years. Prices of industrial space continued to moderate compared to previous years. In the first quarter of 2014, prices rose 2.5 per cent year-on-year, in contrast to the average increase of 20.2 per cent yearly, over the past four years. On a quarter-on-quarter basis, prices rose 3.8 per cent, following a 3.3 per cent decrease in the previous quarter. JTC has for the first time also released price data by geographical region, which will be a usual practice from now on. For instance, average prices of multiple-user factory space of B1 classification — meant for ligh...

Full article: http://www.lushhomemedia.com/manage_posts/2014/04/24/indu...

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