Singapore Business Review
COMMERCIAL PROPERTY | Staff Reporter, Singapore
Published: 10 APRIL 2013
Still a slower pace of growth.
According to Colliers International, going forward, after the initial knee-jerk reaction to the cooling measure in 1Q 2013, the strata-titled industrial sales market is expected to see continued support from end-users and investors with a longer investment horizon.
However, prospective buyers are expected to be more price-sensitive. The average capital values of prime freehold conventional industrial premises are thus forecast to rise at a slower pace of about 2% to 3.5% for the whole of 2013, compared to 2012’s 10% to 22% rise.
Here's more from Colliers:
Industrial rents are expected to stay relatively stable with some marginal upside potential for the rest of 2013. For the entire year, industrial rents are forecast to rise by up to 2% for prime conventional industrial premises, and by around 4% to 4.5% for high-specs and business park space.
The average monthly gross rents for both prime conventional factories and warehouses recorded marginal growth of 0.4% QoQ for ground-level space and 0.5% QoQ for upper-level space in 1Q 2013, which is slower than the 0.9% to 2.0% rise chalked up for the preceding quarter.
Martin Koh | 86666 944 | R020968Z
Sherry Tang | 9844 4400 | R020241C
Senior Sales Director
DTZ Property Network Pte Ltd (L3007960A)