B1 and B2 Spaces in Industrial Buildings for Sale Singapore
With Purchasing Manager Index hovering above 50 since end 2016, the industrial property is gaining positive signs especially when macro economic factors are getting stronger.
In 2018, there will be an additional estimated 1.1 million sq m of industrial space. However, after 2018, the supply of new industrial space is expected to moderate to 722,000 sq m in 2019 and further moderate to 536,000 sq m in 2020. Such opportunities will be getting rarer.
Catch these while they are available and reasonable.
(B1 - Light & Clean Industries, Limited Units)
Location: New Industrial Road
Developer: Novelty Group
Architect: JGP Architecture
- Unique Dual Function Layouts
- Suit Light Industrial including Technology
- TOP Obtained
Shine @ Tuas South
(B2 - Suit Almost All trades)
Location: Tuas South Link 1
Developer: Beacon Properties
Architect: AC Consortium
- Brand New Bs Factory
- Next to future Tuas Mega Port
- Top Level up to 8.8 m ceiling height
- Multiple Purchase may enjoy better discounts
Singapore Industrial Property Sector
To ensure that limited industrial land is used mainly for industrial uses, the URA requires at least 60% of the total floor area of an industrial development to be used for core industrial activities. However, URA recognises that certain non-industrial activities, such as ancillary offices1, staff canteens and showrooms are needed to support the predominant industrial uses. Hence, such supporting non-industrial uses, together with other ancillary areas (e.g. lift lobbies and circulation spaces) are allowed to occupy up to 40% of the total floor area of an industrial development.
Based on JTC 4th Quarter 2017 report, occupancy rate rebounded by 0.3% for the overall industrial market. Prices and rental continued to be moderate. In 2018, 1.6m sqm of industrial space are expected. However, new supply will taper in the coming years, causing prices and rental to start to stabilize with better occupancy rates.
It is a known fact that the manufacturing segment of Singapore is evolving, driven by key segments such as e-commerce, logistics and semiconductors with gadgets getting smarter. The use of most industrial spaces will changed accordingly. The Government will continue to monitor the industrial property market closely to ensure that the diverse needs of industrialists are met. Appropriate measures will also be introduced where necessary to promote a stable and sustainable industrial property market.
In 2016 and 2017, about 2.9 million sqm and 1.6 million sqm of industrial space is estimated to come on-stream respectively. This constitutes about 6% and 3% of current available stock.
Come 2019 onwards, new supply especially in the Central, East and North East of Singapore will be much lower.
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Commercial Properties Singapore
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+65 6100 8123