Volumes up 50% yearly

Hi, this week we examine Singapore-wide Freehold Commercial & Industrial: 1) Resale and 2) Rental. While many of us don’t invest in this segment per se, reading it as an approximate index to the wider market is helpful in observing various liquidity flows in Singapore’s real estate landscape. For those who are curious, commercial and industrial property do not attract ABSD/SSD.   

1) Resale Market
Between June 2021 to June 2022:
a. Average PSF grew 13.8% YoY ($2,114 PSF to $2,405 PSF);
b. Volumes are up 50.9% YoY (57 transactions to 86 transactions).

Between May 2022 to June 2022:
a. Average PSF fell 5.1% MoM ($2,534 PSF to $2,405 PSF);
b. Volumes are up 83.0% MoM (47 transactions to 86 transactions).

In June 2022, the 3 projects with the most resale transactions were Foodfab@ Mandai (4), Little India Conservation Area (4) and Henderson Industrial Park (4). Details of all 56 transacted projects by volume are included in the PDF below.

2) Rental Market
Between June 2021 to June 2022:
a. Average PSF grew 61.1% YoY ($4.04 PSF to $6.51 PSF);
b. Volumes crept up 2.4% YoY (124 transactions to 127 transactions). Between May 2022 to June 2022:a. Average PSF grew 27.4% MoM ($5.11 PSF to $6.51 PSF);b. Volumes are down 5.2% MoM (134 transactions to 127 transactions).

In June 2022, the 3 projects with the most rental transactions were M38 (4), Centropod@ Changi (4) Spazio@ Kovan (3). Details of all 95 transacted projects by volume are included in the PDF below.

Skystone Research