Key Insights
Industrial prices and rentals held steady in Q2 2025 despite global uncertainties. Sales and leasing activity gained momentum, supported by Singapore’s resilient manufacturing sector, which expanded by 5.5% year-on-year. Occupancy levels remained stable at 88.8% even with new supply entering the market. The quarter saw robust growth in multiple-user factories and warehouses, although business park demand was mixed.
- Industrial prices rose 1.4% QoQ, with sales value increasing 15.8% QoQ to $890 million.
- Rentals grew 0.7% QoQ, marking the 19th consecutive quarter of rental growth.
- Occupancy stood at 88.8%, slightly lower due to new completions.
- Leasing demand rebounded with 3,360 contracts signed, an 11.7% QoQ increase.
- District variations: Tampines/Pasir Ris (+20.3% rentals), Balestier/Toa Payoh (+39.5% prices), Loyang/Changi (-23.6% prices).
Singapore’s industrial property sector showed resilience in Q2 2025, with stable prices, rising rentals, and strong leasing activity. While new supply moderated occupancies, multiple-user factories and warehouses led demand. Looking ahead, investors and occupiers should expect modest growth, with opportunities in districts demonstrating stronger performance. Download the full report for a comprehensive analysis and district-level insights.
