Singapore Q3 industrial investment sales drop by 26.7%

The total investment sales reached over S$1 billion.

In a recent report, Savills revealed that in Q3/2025, Singapore investment sales in the industrial sector totalled S$1.05 billion.

“Although this represented a 26.7% QoQ decline, S-REITs remained active during the period under review amid a positive market environment, and private sector transactions surpassed the levels seen in both Q1 and Q2 this year,” the report said.

Here’s more from Savills:

Q3/2025 recorded four GLS industrial sites awarded, the highest in almost a decade since Q2/2016, which saw six sites. These include land parcels at Gul Drive, Ubi Avenue 1, Pioneer Road, and Kaki Bukit Avenue 5, contributing a total of around S$137.3 million. Except for the Gul Drive site, the other three sites attracted only one or two bids each, suggesting waning demand for industrial land amid the ongoing decline of traditional manufacturing industries.

In the private sector, the most significant deal was the acquisition of a five-story data center facility at 51 Serangoon North Avenue 4, one of the six initial assets in NTDU’s portfolio, which was listed on the Singapore Exchange on 14th July. The purchase consideration for the leasehold property was US$259.0 million (approximately S$331.9 million).

Another notable transaction was CLAR’s divestment of five industrial and logistics properties for a total consideration of S$329.0 million. These properties are located at 31 Ubi Road 1, 9 Changi South Street 3, 10 Toh Guan Road, 19 & 21 Pandan Avenue, and 30 Tampines Industrial Avenue 3, and were reportedly acquired by an EZA Hill-led consortium.

In addition, AA REIT acquired Framework Building for S$45.75 million, along with an upfront land premium contribution of up to S$10.9 million payable to JTC. Located At 2 Aljunied Avenue 1, the property has a total GFA of 200,877 sq ft. AA REIT will lease back 70% of the property’s GFA to Framework for the first five years.