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Singapore Industrial: Staying ahead | Industrial H1 2021

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Industrial, Colliers Research

Singapore industrial market staying resilient

Based on Colliers' Research, Singapore's industrial property market continued its recovery into H1 2021, with the JTC rental and price indices increasing 1.1% HOH and 2.7% HOH, respectively, while occupancy edged up 0.2 ppt to 90.1%, led by Multi-user factory despite a surge in supply.
In 2021, Colliers Research expects the industrial sector to recover along with the overall economy and forecasts warehouse rents to rise 1.3% YOY, the highest among all segments, led by ramp-up logistics space.
Investor's demand for industrial assets remains strong, particularly for hi-specs space, factories and warehouses.
According to Colliers Valuation and Advisory Services (CVAS) team, cap rates for Singapore industrial properties remained unchanged in H1 2021, at 5.75–6.25%.
Download Colliers' bi-annual report on the industrial sector in Singapore for H1 2021, as we analyse the latest trends and market outlook, with expert recommendations for retailers, landlords and investors.

Industrial, Colliers Research

Singapore Industrial: Staying ahead | Industrial H1 2021

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Raphael Lee

Associate Director

Industrial Services


Raphael is an Associate Director of Industrial Services, and he is part of the best-in-class Occupier Services team in Singapore. Through effective communication and strong interpersonal skills, Raphael always strives to deliver quality real estate advice to his clients. 

Raphael works closely with both commercial landlords and tenants, and is actively involved in the sale & leasing, advisory and transaction services of all industrial assets covering the full spectrum of business parks, data centres, JTC industrial land and factories, warehouse and logistics facilities. 

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