Singapore strata industrial sales fall to lowest level since 2020

Sales declined 17.5% to 335 deals in the first quarter.

Singapore's strata industrial sales market remained subdued in the first quarter of 2026, with transaction activity falling to its lowest level since 2020, according to Savills.

The consultancy said sales volume declined 17.5% quarter-on-quarter to 335 deals as investors and owner-occupiers maintained a defensive stance amid ongoing economic uncertainty.

Despite weaker transaction activity, pricing remained resilient. JTC's multiple-user factory price index rose 1.7% quarter-on-quarter, supported by limited availability of quality assets and continued demand for well-positioned properties.

Savills noted a clear shift in buyer preference towards industrial assets with longer remaining land tenures. Values of 30-year leasehold industrial properties declined 0.6% quarter-on-quarter to S$353 per sq ft, while 60-year leasehold assets increased 1.4% to S$569 per sq ft. Freehold industrial properties recorded the strongest performance, rising 2.5% to S$876 per sq ft.

According to Savills, the stronger performance of longer-tenure assets reflects a growing flight to quality, with investors prioritising capital preservation and long-term value retention in a more selective market environment.