COTD: Industrial property sales value falls by over 70% QoQ in Q4 2024

Total sales decreased to $924.1m (369 deals) from $3.2b (500 deals) in the previous quarter.

Industrial property sales value grew 26.6% year-on-year but fell 70.9% quarter-on-quarter during the fourth quarter of last year (Q4 2024) reversing its peak in Q3 2024.

Despite the interest rate cuts by the US Federal Reserve in November and December, total sales decreased QoQ to $924.1m with 369 transactions in Q4 2024 from $3.2b with 500 deals in Q3 2024.

Nevertheless, there were notable October deals in 2024 including a warehouse at 2 Tuas South Link 1 that was sold for $140.3m, and another warehouse at 21 Jalan Buroh that was sold for $112.8m.

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