Singapore industrial transactions up 8.4% to 424 units in Q2
Resales also grew by nearly 30% for warehouses.
A recent OrangeTee report revealed that Singapore’s industrial transaction volumes rose by 8.4 per cent quarter-on-quarter (q-o-q) to 424 units in Q2 2023. Resales increased by 3.5 per cent for multiple-user factories to 352 units and 28.6 per cent to 27 units for warehouses.
The report added that demand for resale single-user factories has similarly jumped from 25 transactions in Q1 2023 to 36 transactions last quarter. Nine units of new multiple-user factories were transacted last quarter.
Demand may be driven by small business owners purchasing units for their enterprises to ensure business sustainability. Others could be investors buying units with short leases for mid-term returns.