Prices of industrial space down 0.2% q-on-q in Q4 2019, rents flat: JTC | / Property news / Prices of industrial space down 0.2% q-on-q in Q4 2019, rents flat: JTC

Prices of industrial space down 0.2% q-on-q in Q4 2019, rents flat: JTC

Fresh property news selection on January 23. 2020, Thursday.

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Rents and prices of industrial space in Singapore remained relatively stable in the fourth quarter of last year, though prices were marginally lower by 0.2 per cent quarter on quarter, according to the latest data from industrial land and infrastructure agency JTC Corp.

The rental index was flat, while the occupancy rate for industrial space edged down 0.1 percentage point to 89.2 per cent.

Compared with a year ago, the price index fell 0.3 per cent while the rental index inched up 0.1 per cent. The occupancy rate of the overall industrial property market was also down 0.1 percentage point from a year ago.

For industrialists looking to own production spaces, there were about 170 units in uncompleted developments available for sale at the end of Q4 2019. These units totalled about 120,000 square metres (sq m).

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