The overall occupancy rate for the industrial property market fell 0.3 percentage point QoQ and 0.1 ppt to 88.7% in 1Q24.From 1Q23 to 1Q24, total available stock rose by 0.7 million sqm, outpacing the 0.6 million sqm increase in total occupied stock.
Data available as of March indicates that 1.6 million sqm of industrial space will be completed in the remaining quarters of 2024.“Whilst it is anticipated that new supply of industrial space stock will continue to come on steam in 2024, occupancy rates are likely to remain stable,” JTC reported....there are many ways you can work with us to advertise your company and connect to your customers.
We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.4.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sabana Industrial REIT's occupancy rate drops to 83% in 1Q24Sabana Industrial Real Estate Investment Trust (REIT) reported a decline in its occupancy rate for the first quarter of 2024 (1Q24) to 83% from 91.2% in the previous quarter (4Q23) due to the repossession of 33 & 35 Penjuru Lane.
Source: SBRMagazine - 🏆 13. / 51 Read more »
OCBC SME Index: Which sectors excelled and lagged in 1Q24?pstrongOverall, SMEs' performance and health remained in a state of contraction with a 49.7 reading./strong/p pThe performance and health of small and medium enterprises (SMEs) in Singapore slightly improved in 1Q24, according to the latest OCBC SME Index./p pDespite a 0.
Source: SBRMagazine - 🏆 13. / 51 Read more »
Residential sector dominates 1Q24 investment with $1.79BpstrongThe sector's investment sales, however, dropped 48.5% QoQ./strong/p pThe residential sector led investment sales in 1Q24 with $1.79b, accounting for 43.3% of the total transactions for the period./p pWhilst residential emerged as the top-performing sector, its total sales were 48.5% lower quarter-on-quarter.
Source: SBRMagazine - 🏆 13. / 51 Read more »
Singapore's GDP Grows 2.7% YoY in 1Q24Singapore's gross domestic product (GDP) grew faster in the first quarter of 2024, increasing by 2.7% year-on-year, according to advance estimates from the Ministry of Trade and Industry (MTI). The goods-producing and services-producing industries both saw expansions, contributing to the overall growth.
Source: SBRMagazine - 🏆 13. / 51 Read more »
CICT NPI rises 6.3% YoY to $293.7M in 1Q24pstrongGross rental income growth and lower operating expenses drove the uptick./strong/p pCapitaLand Integrated Commercial Trust (CICT) saw its net property income (NPI) increase 6.3% YoY to $293.7m in 1Q24, driven by gross rental income growth and lower operating expenses./p pThe REIT also posted a 2.
Source: SBRMagazine - 🏆 13. / 51 Read more »
Singapore’s 1Q24 deals plummet 21.1% YoYpstrongIn the whole of APAC, deal volume declined by 12.2% YoY./strong/p pSingapore’s total deals in the first quarter of 2024, including mergers & acquisitions, private equity and venture financing deals, fell 21.1% YoY./p pData from GlobalData showed that deal activity also fell for Asia-Pacific (APAC) by 12.2% YoY to 3,681 deals.
Source: SBRMagazine - 🏆 13. / 51 Read more »