02 Apr '14, 3am

Industrial rents 'to moderate with more supply', Industrial, Singapore Property Guides

INDUSTRIAL rents are expected to continue moderating as more supply becomes available over the next three years, said the chief executive of industrial landlord JTC. Mr Png Cheong Boon told a briefing yesterday: "We have seen that the price growth has slowed...but it will also depend on how well the economy does." An additional 800,000 sq m of multi-user industrial space is expected to be available by 2017, he added. Industrial rents rose 5 per cent last year, easing from increases of 10.1 per cent in 2012 and 15.5 per cent in 2011. The cost of industrial space has been a hot topic of late, following the recent Budget debate when MPs spoke up on behalf of struggling small- and medium-sized enterprises (SMEs). Real estate investment trusts (Reits), which now own land previously sold by government agencies, have been blamed for steep rental hikes. The private sector has alwa...

Full article: http://www.stproperty.sg/articles-property/industrial/ind...

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