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Industrial Singapore

August 2021

Report

Reihe: Savills Market in Minutes

Anbieter: Savills

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  • Erscheinungsdatum : 23.08.2021
  • Seiten : 3 Seiten
  • Datei-Typ : PDF-Datei
  • Größe : 1,19 MB
  • Sprache(n) : Englisch

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Inhalt

Leasing momentum remains strong

  • Owing to the strong leasing interest for factory and warehouse spaces, the industrial leasing scene was more active in Q2/2021. Leasing volume almost doubled from a year ago to 3,381 transactions.
  • Savills' average monthly rent for prime multiple-user factories increased by 1.4% quarter-on-quarter (QoQ) to S$1.74 per sq ft in Q2, while that for prime warehouse and logistics properties remained flat at S$1.44 per sq ft.
  • Even though total sales volume of 419 in Q2/2020 was significantly more than 149 deals transacted in Q2/2020, the volatility in numbers is reducing as the manufacturing economy slowly regains functionality.
  • Average prices for Savills' basket of freehold properties increased 0.6% QoQ to S$705 per sq ft in Q2/2021.
  • Savills' basket of leasehold industrial properties showed that prices for 60-year leasehold properties continued trending up with a 0.5% QoQ growth to S$434 per sq ft, while that for 30-year leasehold properties ended a six-quarter decline with a 0.1% QoQ rise to S$292 per sq ft.

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