Singapore Q1 industrial sales volume drops to a 5-year low | Real Estate Asia
, Singapore

Singapore Q1 industrial sales volume drops to a 5-year low

There were only 351 transactions during the quarter.

According to a Savills report, Singapore’s strata industrial sales activity remained lukewarm in Q1. Although the sales volume fell at a slower rate at 3.8% QoQ (-20.1% QoQ in Q4/2024), it hit a five-year low at 351 transactions in Q1.

Investor sentiment was affected by reconfiguring supply chains and rising business costs, making them defer their expansion plans.

Here’s more from Savills:

Notwithstanding the lacklustre sales momentum, JTC multiple-user factory price index continued to increase, up 1.9% QoQ in Q1. Compared with the preceding quarter, Savills’ basket of 30- and 60-year leasehold property prices also posted stronger growth in Q1, rising 3.3% QoQ to S$348 per sq ft and 1.2% QoQ to S$538 per sq ft respectively. 

Join Real Estate Asia community

This could imply that buyers favour assets with a more palatable bite size and fi nancial quantum during this period of economic uncertainty. Consequently, there is more room for price negotiation. On the other hand, prices for freehold properties fell by 0.7% QoQ to S$831 per sq ft in Q1. 

Follow the link for more news on

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!