Singapore Industrial Market Saw Declines Last 2015

Prices of Singapore industrial space slumped in the last quarter of 2015, falling by 1.0% to 2.2% in quarterly basis for single-user factory space as well as multiple-user factory space.

Prices of overall industrial space in Singapore declined by 1.7 percent to 1.8 percent last year, meanwhile rent for industrial space also dropped by 1.1 percent to 1.5 percent in Q4 2015.

For market experts, Singapore industrial market is likely to face significant headwinds this year, however, with the upcoming projects like Proxima @ Gambas in Woodland, Singapore’s industrial market will continued rise and maintain industrial rental growth in the long run.

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