/ 5 2
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
Figure 4.1: Net Supply, Demand and Occupancy
As for multiple-user factory, occupancy rate inched up slightly by 0.3% year-on-year (“y-o-y”), from 86% in Q4 2014
to 86.3% in Q4 2015. The change in occupancy rates was location specific, depending on their proximity to the
city, airport and seaport. For instance, occupancy rates for multiple-user factory in the Central, Northeast and West
Regions declined, ranging from 0.1% points to 3.1% points. However, the occupancy rates for multiple-user factory
in North and East Regions increased by 4.4% points and 9.3% points respectively, offsetting the decline in other
regions and provided support to the slight increment in overall occupancy rate for multiple-user factor.
4.3
Potential Supply
Approximately 19.8 million sq ft (NLA) of private factory space is scheduled to complete between 2016 and 2018
(Figure 4.2). Although there is ample supply expected in 2016, the average annual potential supply (6.5 million
sq ft) is significantly lower than the average annual supply in the past decade (9.7 million sq ft).
Figure 4.2: Potential Supply
SINGAPORE INDUSTRIAL PROPERTY MARKET OVERVIEW
‘000 sq ft
12,000
10,000
8,000
6,000
4,000
2,000
0
2016
2017
2018
Extensions, additions and alterations to factory
Multiple-user factory
Single-user factory
Net Supply (LHS)
Demand (LHS)
Occupancy (RHS)
‘000 sq ft
20,000
18,000
16,000
14,000
12,000
10,000
8,000
6,000
4,000
2,000
0
100%
98%
96%
94%
92%
90%
88%
86%
84%
82%
80%
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Average Annual Supply (2005 to 2014): 9.7 million sq ft
Average Annual Demand (2005 to 2014): 8.7 million sq ft
Source: URA, DTZ Consulting & Research, February 2016.
Source: JTC, DTZ Consulting & Research,
February 2016.
Average Annual Supply (2005 to 2014): 9.7 million sq ft
Average Annual Supply (2016 to 2018): 6.5 million sq ft
89.9%
