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.
