Strata industrial sales hit 5-year low in Q1

Sales volume dropped to 351 transactions in Q1, as businesses put expansion plans on hold.

Singapore's strata industrial property sales fell to their lowest level in five years during the first quarter of 2025, according to a new report from Savills Singapore.

The research found that sales volume dropped to 351 transactions during the quarter as businesses put expansion plans on hold amidst rising costs and ongoing supply chain adjustments.

Whilst transaction volumes continued to weaken, prices for leasehold properties remained resilient. Savills reported that its basket of 30-year leasehold properties saw prices rise 3.3% QoQ, whilst 60-year leasehold properties rose 1.2% QoQ. In contrast, prices for freehold properties slipped 0.7% QoQ.

Leasing activity showed moderate growth, with overall factory and warehouse leasing volumes increasing 1.3% YoY.

The warehouse logistics segment was the strongest performer, with 6.1% more tenancies from a year ago, whilst multiple-user factory demand rose 1.7% YoY. However, single-user factory demand softened, falling 16% YoY.

Looking ahead, Savills forecasts factory rents to rise modestly by 0% to 3% for multiple-user factories and 0-1% for warehouse and logistics spaces for the full year.

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