Industrial prices mark first drop since 3Q20

Prices fell 0.2 QoQ.

Industrial space prices fell by 0.2% in 1Q24, marking the first QoQ decrease since 3Q20.

On a year-on-year comparison, however, prices rose by 3.3%.

Amongst industrial assets, only multiple-user factories reported a QoQ and YoY increase, with prices rising 0.5% and 4.6%, respectively, to $109.

Single-user factories also saw a 1.8% YoY price increase but recorded a 1.0% QoQ dip.

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singapore industrial property market

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