JTC Corporation
Find us on  Facebook Twitter






Publications / Industrial Property Market Statistics
Rentals
Mail this page Print this page
9 10 11
Rental Index of All Industrial Properties, Multiple-User Factory and Warehouse (4Q 2014)
  Download Rental Index ( 73KB,  36KB
  Download Factsheet on Review of Industrial Property Price Index and Industrial Property Rental Index           
      ( 63KB)  
Introduction of New Price and Rental Indices
 
With effect from 4Q 2014, JTC released the Industrial Property Price and Rental Indices compiled using an expanded coverage and improved methodology. As both indices were last reviewed in 2000, JTC’s enhancements will ensure that the indices remain relevant and are representative of the industrial property market and better reflect price and rental changes. More new sub-indices were also introduced for different market segments to provide greater transparency on price and rental movements, and enable industrialists to make informed decisions in the purchase and rental of industrial properties. Details of the enhancements can be found here.  
Rental Index of Industrial Properties
 
Rental of industrial space continued to moderate in 4Q 2014. In 4Q 2014, the rental index of the overall industrial space1 fell by 0.6%, led by the single-user factory space2 and warehouse space3, which outstripped the marginal increase in the rental indices of multiple-user factory space and business park space.
On a quarter-on-quarter basis, the rental indices of single-user factory space and warehouse space fell by 0.5% and 1.8% respectively while the rental indices of multiple-user factory space3 and business park space2 rose marginally by 0.2% and 0.3% respectively.
On a year-on-year basis, the rental indices of the overall industrial space, multiple-user factory space and warehouse space fell by 2.1%, 0.7% and 6.3% respectively while the rental indices of single-user factory space and business park space rose by 4.9% and 0.4% respectively.
Figure 1. Rental Index of Industrial Properties (1Q 2012 – 4Q 2014)
Industrial Property
Table 1. Rental Index of Industrial Properties (3Q 2014 – 4Q 2014) 

RETURN TO TOP ↑

 
Rental Index of Multiple-User Factory
In 4Q 2014, rental movements of multiple-user factory space varied across planning regions. On a quarter-on-quarter basis, the rental indices of multiple-user factory space in the North and West regions fell by 3.5% and 3.7% respectively, while those in the remaining regions rose by 1.4% to 2.1%. 
Likewise, rental movements of multiple-user factory space based on land-use were mixed. The rental index of Business 1 (B1) multiple-user factory space rose by 0.7% while the rental index of Business 2 (B2) multiple-user factory fell by 1.7% on a quarter-on-quarter basis.

Table 2. Rental Index of Multiple-User Factory by Planning Region and Land-Use Zoning (4Q 2013 - 4Q 2014)


    Note:

   1. Before 4th Quarter 2014, the rental index is computed based on transactions of multiple-user factories and multiple-user
       warehouses in the Central region, with weights updated every quarter using past 12 quarters transaction values. From 4th
       Quarter 2014, the rental index is computed based on island-wide transactions of multiple-user factories, single-user factories,
       business parks and warehouses. The weights used are fixed using 2012 transaction values. The rental index is also re-scaled
       to 100 at 4th Quarter 2012. Due to rounding, there could be some differences in the quarterly rental change compared to the
       rental index before re-scaling.
 
   2. The rental index is computed using fixed weights based on 2009 transaction values before 1st Quarter 2013. From 1st
       Quarter 2013, the weights used are fixed using 2012 transaction values.
 
   3. Before 4th Quarter 2014, the rental index is computed based on transactions in the Central region. From 4th Quarter 2014,
       the scope of the rental index is expanded to include transactions outside Central region. The weights used are fixed using
       2012 transaction values. The rental index is also re-scaled to 100 at 4th Quarter 2012. Due to rounding, there could be some
       differences in the quarterly rental change compared to the rental index before re-scaling.
     
  RETURN TO TOP ↑

Bookmark this page

submit to reddit

Share this Page

 
 
 

 

 

Last updated: 13 February 2015