2023-10-23-莱坊-Singapore_Industrial_and_Logistics_Market_Update_Q3_2023_2页_870kb

Industrial real estate in Singapore showed signs of stabilization in Q3 2023, with sales and leasing activities remaining relatively steady despite manufacturing challenges. Sales volume decreased slightly to S$922.7 million, a 13.9% quarter-over-quarter decline, but occupancy and rental rates held steady or increased marginally. Manufacturing indicators, such as the PMI and GDP forecasts, suggest the sector may be bottoming out with early recovery signals expected by early 2024. Upcoming supply, including new facilities and investments, could ease demand pressures, supporting market resilience. Overall, the outlook for the end of 2023 is cautiously positive.