Singapore Q3 industrial sales underperform quarterly average

Only 406 deals were recorded in the quarter.

According to a Savills report, compared to the 418 transactions recorded in Q2, the strata industrial sales momentum remained steady in Q3 with 406 transactions recorded in the quarter.

“Nonetheless, it fell below the quarterly average of 444 deals in the last three years (2022 to 2024),” the report noted.

Here’s more from Savills:

Despite the lower interest rates, investor sentiments remain clouded by heightened volatility stemming from the tariff uncertainty, hence adopting a wait-and-see approach and delaying investments.

Prices started to show signs of slowing growth, with JTC multiple-user factory price index inching up by 0.1% QoQ in Q3, compared with 1.7% QoQ increase in Q2. Similarly, Savills’ basket of freehold industrial property prices increased by 0.8% QoQ to S$856 per sq ft in Q3, moderating from the 2.3% growth in Q2.

Meanwhile, 30- and 60- year leasehold property prices softened for the first time after a four-year expansionary streak. Prices for 30-year leasehold properties fell by 0.3% QoQ to S$354 per sq ft, those for 60-year leasehold properties dropped by 0.8% QoQ to S$552 per sq ft in Q3.