Chart of the day: 30-year leasehold property price increases quickened to 0.9% QoQ

60-year leasehold and freehold properties also showed increases.

This chart from Savills shows the sales prices of freehold, 30-year leasehold, and 60-year leasehold properties from Q1 2015 to Q3 2022.

The chart shows that prices for 60-year leasehold and freehold industrial properties rose by 1.2% QoQ to $463 per sq ft and $758 per sq ft respectively in Q3.

ALSO READ: High-spec industrial space average rents in Q3 reaches record high since 2012

Savills said that apart from the longer remaining tenure and nature of freehold leases, the rise in prices was driven by the strong price growth for food factory properties.

Meanwhile, Savills’ basket of industrial properties showed that 30-year leasehold property prices increased at a quicker pace of 0.9% QoQ to $308 per sq ft in Q3.

The quickened pace was led by stronger interest amongst some businesses which prefer properties of a lower quantum, and therefore these are of shorter lease tenures, to mitigate their risks amidst rising economic uncertainty and elevated market volatility.

Follow the link for more news on

Savills

Chart of the Day

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia