INDUSTRIAL SPACE
Prices of multiple-user factory space rose 0.5% in
the 1st Quarter 2005, the same rate of increase as in the previous
quarter (see Annex A-1). Rentals of multiple-user factory space
rose 1.1%, compared with the 1.4% increase in the previous quarter
(see Annex A-2).
Factory space under construction decreased by 1.2%
to 1.285 million sq m (gross) in the 1st Quarter 2005 (see Annex
C).
The stock of completed factory space (with TOP)
increased by 68,000 sq m to 26.784 million sq m (nett) as at the
end of 1st Quarter 2005, while the amount of occupied factory
space increased by 152,000 sq m to 23.662 million sq m(nett) in
the same period.
Consequently, the vacancy rate of factory space
decreased by 0.3 percentage point to 11.7% as at the end of 1st
Quarter 2005.
URA’s REAL ESTATE INFORMATION SERVICE
More detailed information on the price and rental
indices, supply in the pipeline, stock and vacancy position of the
various properties can be found in the 1st Quarter 2005 issue of
URA’s Property Market Information Publications on Private
Residential Properties, Commercial & Industrial Properties and
Details of Projects Under Development.
Interested readers can purchase and download the
digital copies of the publications at $60 (inclusive of GST) any
time through Internet at the URA web site
Previous FrontPage Edition 24 Apr
2005
