New Economic Sectors Gaining Ground | Industrial H1 2020

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Colliers Research Singapore - Industrial Bi Annual Report H1 2020

Singapore’s industrial property market was relatively resilient in H1 2020; remodelling of spaces and flexible leases recommended


Factory rents decreased 1.4% HOH to S$1.6 psf, while warehouse rents remained flat and business park rents declined 0.35% HOH to S$4.35 psf. Rents for general factory, business park and high-spec spaces should soften this year before a recovery from 2021.

In 2020, we expect decreasing demand for factory space but a growth for warehouse space, largely led by e-commerce and stockpiling activities. Rising demand for web-enabled services has also driven demand for data centres in Singapore.

While we estimate half of the 15.4 million sq ft expected completions in overall industrial space this year to be delayed, there is still ample supply of 14 million sq ft per annum 2020-2022, before tapering off in 2023.

Download Colliers' bi-annual report on the industrial property market in Singapore for H1 2020, as we analyse the latest shifting trends and market outlook, with expert recommendations for warehouse occupiers and investors.


2019 H1 Singapore Industrial Bi Annual Report Colliers 977x977

New Economic Sectors Gaining Ground | Industrial H1 2020

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Tricia Song

Director and Head

Singapore

Tricia Song is a Director and the Head of Research at Colliers International Singapore. Ms Song brings with her more than 17 years of experience in real estate equity research and capital markets in Singapore and ASEAN. Before Colliers, she was the lead analyst for the Singapore Real Estate and REITs sector at Equity research at Barclays Bank PLC and before that at Credit Suisse, HSBC, CIMB-GK, and UOB KayHian. She was the lead analyst on various IPO pre-deals such as Ananda Development, iREIT Global and CapitaMalls Asia.

She also has prior experience in private equity, working on M&A deals in Asia Pacific at Newbridge Capital. Ms Song graduated with a Bachelor of Business Studies (Honours) degree from Nanyang Technological University, Singapore.

 

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As Executive Director of Occupier Services in Singapore, I have  over 20 years of experience in commercial real estate.  Based in Singapore, my responsibilities are focused on servicing the real estate needs of large multinational occupiers clients across Asia Pacific than span office leasing, industrial leasing and project management.

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