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C A M B R I D G E I N D U S T R I A L T R U S T
A N N U A L R E P O R T 2 0 1 5
SINGAPORE INDUSTRIAL PROPERTY MARKET OVERVIEW
Source: URA, DTZ Consulting & Research, February 2016.
3.2
Geographical Distribution
As at Q4 2015, the West Region continued to account for the bulk of islandwide private industrial stock, with some
196.4 million sq ft (47%), followed by Central Region (77.9 million sq ft; 18%), North Region (60.4 million sq ft; 14%),
East Region (56.6 million sq ft; 13%) and North East Region (30.4 million sq ft; 7%) (Figure 3.2).
Figure 3.2: Industrial Stock by Region (Q4 2015)
4.0 FACTORY PROPERTY MARKET OVERVIEW
4.1
Supply
Islandwide private factory stock increased by 3.3% (9.8 million sq ft) to 309.8m sq ft in 2015, slightly slower than 4%
growth in 2014.
Notable single-user factory completions include SEF SpaceHub at Kaki Bukit (344,000 sq ft) by construction
company SEF Group, Equinix SG3 IBX Data Centre by Mapletree Industrial Trust (309,000 sq ft) and 1 Pioneer Turn
(193,000 sq ft) by Givaudan Singapore, a leading global flavor and fragrances company.
As for multiple-user factory, major completions include Eco-Tech @ Sunview at Sunview Road (621,000 sq ft),
Mandai Connection at Mandai Link (493,000 sq ft), Bukit Batok Connection at Bukit Batok Avenue 6 (331,000 sq ft),
North View Bizhub at Yishun Ave 9 (259,000 sq ft) and TAG A at Tagore Lane (164,000 sq ft).
4.2
Demand and Occupancy
Net demand picked up with an increase of 16%, from 6.7 million sq ft in 2014 to 7.7 million sq ft in 2015. Meanwhile,
net supply amounted to 9.8 million sq ft in 2015, 15% lower than the 11.5 million sq ft in 2014. As net supply
continued to outstrip demand, occupancy for both single-user and multiple-user private factory dipped slightly by
0.3% points-from 90.1% to 89.8% in Q4 2015 (Figure 4.1).
196.4m sq ft
47%
Biomedical/
pharmaceutical, heavy
industries, petrochemical,
general manufacturing,
marine, clean technology,
warehousing and
logistics
Food industires and
general manufacturing
Electronics and ICT
Data centres, ICT,
media and R&D
activities
Aviation-related
industries, advanced
logistics, data centres,
knowledge-intensive,
R&D activities
West
Region
West Region
North Region
North East Region
Central Region
East Region
North
Region
Central
Region
North East
Region
East
Region
60.7m sq ft
14%
56.6m sq ft
13%
30.4m sq ft
7%
77.9m sq ft
18%
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