Commercial & Industrial Properties Singapore - Sales & Rental
(65) 6100 8123
B1 and B2 Spaces in Industrial Buildings for Sale Singapore
Promising Price Growth: The industrial property market saw a significant 44% quarter-on-quarter (QoQ) increase in sales volume, driving price growth in Q2 2024. Industrial property prices rose by 1.2% QoQ during the quarter.
•Resilient Rentals: Industrial rentals continued their upward trend for the 15th consecutive quarter, despite an increase in supply. In Q2 2024, rental rates grew by 1.0% QoQ, reflecting the sector’s ongoing strength.
•Improved Occupancy: The overall occupancy rate for industrial properties rose to 89% in Q2 2024, up from 88.7% in the previous quarter. During this period, approximately 1.1 million square feet (99,000 sqm) of industrial space was added to the market.
•Incoming Supply: Over 8.6 million square feet (0.8 million sqm) of new industrial space is expected to be introduced in the second half of 2024. This substantial influx of supply may create downward pressure on rental rates and price growth in the coming months.
New Industrial Property Launches
- Rare FREEHOLD B1 Clean Industrial Property
- Modern, high specs and premium
- Full height glass wall facade
- At Balestier, next to Whampoa River
- Only 46 units in total and 1 Canteen
- Flexible to merge multi units for bigger space
- Each unit comes with toilet facilities
- High ceiling height of 6.3m
- No void space included in price
- Free Shuttle Bus Service
- Close proximity to eateries and amenities
- Very central, so it is easy to connect via buses, expressways
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Prices
Prices from S#2,6xx,xxx
PSF from S$1,4xx (for Canteen)
Check With Us On Price for Canteen
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Sizes
From 1,733 sqft (161 sqm) to 1,948 (181 sqm)
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Location
Lorong Ampas, Balestier
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Developer
JVA Whampoa
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Estimated Completion (or TOP)
Estimated End 2026 (TBC)
CT FoodNex at Mandai
FREEHOLD FOOD FACTORY
LIMITED UNITS AVAILABLE
- FREEHOLD Food Factory with High Specs, B2 Industrial
- Located at Mandai Food Zone
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Designed with specifications for Food Factory: Central Kitchen, Food Processing and Cold Room
- 110 units within 10 storeys
- Ramp Up, 40 footer on ground floor, 20 footer for level 2 to 4
- High ceiling height from 5.95 m
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40 Footer Accessible on Level 1 Loading & Unloading Bay
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Foreigner’s Eligible to Purchase
- Well-connected via Bukit Timah Expressway (KPE), Seletar Expressway (SLE) and Kranji Expressway (KJE)
- Easy access to Woodlands Regional Centre and Causeway
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Prices
From S$2,6XX,XXX
PSF from S$1,6XX
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Sizes
From 1,690 sqft (157 sqm) to 1,948 sqft (181 sqm)
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Location
Mandai Estate
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Developer
Chui Teng Group
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Estimated Completion (or TOP)
Estimated 2027
- FREEHOLD Industrial Building located at Aljunied
- 5 minute walk to Aljunited MRT
- Only 19 units in total and 1 Canteen
- High ceiling height of 7 m
- Dual key layout
- Well-connected via Kallang Paya Lebar Expressway (KPE) and Pan Island Expressway (PIE)
- Accessible to the various type of conveniences and plenty of great food outlets to Woodlands Regional Centre and Causeway
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Prices
FULLY SOLD
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Sizes
1,701 sqft (for Canteen)
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Location
City Fringe - Lorong 21 Geylang
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Developer
JVA Venture
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Estimated Completion (or TOP)
End 2022 (TBC)
URA Requirements
To ensure that limited industrial land is used mainly for industrial uses, the URA requires at least 60% of the total floor area of an industrial development to be used for core industrial activities. However, URA recognises that certain non-industrial activities, such as ancillary offices1, staff canteens and showrooms are needed to support the predominant industrial uses. Hence, such supporting non-industrial uses, together with other ancillary areas (e.g. lift lobbies and circulation spaces) are allowed to occupy up to 40% of the total floor area of an industrial development.
Reference: https://www.ura.gov.sg/Corporate/Guidelines/Development-Control/Non-Residential/B1/Use-Quantum
JTC
Based on JTC 4th Quarter 2024 report, overall occupancy stands at 89% and it rebounded by 0.3% for the overall industrial market as compared to previous quarter. Prices and rental continued to be moderate. In 2025, 1.7m sqm of industrial space are expected. New supply of industrial spaces are expected in 2024 with occupancy rates to remain stable.
The price index in 2nd Quarter 2024 rose by 1.2% as compared to 1st Quarter 2024. Transaction volume rose by 21% as compared to previous year
Trend
It is a known fact that the manufacturing segment of Singapore is evolving, driven by key segments such as e-commerce, logistics and semiconductors with gadgets getting smarter. The use of most industrial spaces will changed accordingly. The Government will continue to monitor the industrial property market closely to ensure that the diverse needs of industrialists are met. Appropriate measures will also be introduced where necessary to promote a stable and sustainable industrial property market.
For the second half of 2024, stable growth is expected, barring any unforeseen circumstances.
Have a Chat With Us
CosySingapore Consultants
Commercial Properties Singapore
8.00 am to 10.00 pm
Hotline: +65 6100 8123
Email: CosySingapore@gmail.com
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