# Singapore strata industrial transactions rise 19.7% in Q2 after two quarters of declines

- **Source:** Real Estate Asia
- **Published:** 2026-08-24T23:13:59.000Z
- **Author:** Staff Reporter
- **Original:** https://realestateasia.com/industrial/news/singapore-strata-industrial-transactions-rise-197-in-q2-after-two-quarters-declines
- **Topics:** Commercial & Industrial, New Launches, Transactions & Deals

## Featured rationale

The rebound signals improving sentiment, but selective demand may widen tenure-based pricing gaps as buyers favour freehold and longer-lease assets over 30-year properties.

## AI summary

Singapore strata industrial transactions rose 19.7% quarter-on-quarter to 437 deals in Q2, reversing two consecutive quarterly declines as multiple-user factory sales increased 21.4%.

## Original article

Multiple-user factory units drove the sales recovery.

Singapore's strata industrial sales market rebounded in the second quarter, reversing two consecutive quarters of decline as transaction volume increased 19.7% quarter-on-quarter to 437 deals, according to Savills.

The recovery was driven primarily by multiple-user factory units, where sales rose 21.4%, while warehouse transactions remained relatively stable.

Savills said activity was supported partly by the launch of Gate+, a new B2 multiple-user factory development at Tukang Innovation Drive. The project attracted interest from investors and owner-occupiers seeking relatively affordable industrial assets amid a more stable interest-rate environment.

Despite the recovery in volumes, price growth remained modest. JTC's multiple-user factory price index increased 0.4% quarter-on-quarter in Q2, slowing from gains recorded in previous quarters.

Savills said stabilising borrowing costs improved sentiment, but buyers remained highly selective and price sensitive. Demand continued to favour well-located assets with stronger remaining lease tenures, supporting overall price resilience while limiting broader-based appreciation.

Tenure was a particularly important differentiator. Savills' basket of strata industrial properties showed prices for 30-year leasehold assets falling a further 1.9% quarter-on-quarter to S$346 per sq ft, as buyers became increasingly reluctant to acquire shorter-tenure properties amid the impact of lease decay on capital value preservation.

By contrast, 60-year leasehold properties edged up 0.3% to S$571 per sq ft, while freehold industrial assets continued to outperform, rising 1.6% to S$890 per sq ft.

Savills said the widening price gap between shorter- and longer-tenure assets reflects investors' continued preference for tenure security and asset preservation amid an uncertain economic environment.

## Chinese translation

> Translation model: grok_cli

### 新加坡分层工业物业成交在连续两个季度下滑后于第二季度回升19.7%

新加坡分层工业物业销售市场在第二季度反弹，扭转连续两个季度的下滑，成交量增长19.7%

多层厂房单位推动了销售复苏。

第一太平戴维斯（Savills）表示，新加坡分层工业物业销售市场在第二季度反弹，扭转连续两个季度的下滑，成交量环比增长19.7%，至437宗。

复苏主要由多层厂房单位推动，该类物业成交上涨21.4%，而仓库成交则相对稳定。

第一太平戴维斯表示，市场活跃度部分受到Gate+推出的支撑，这是位于Tukang Innovation Drive的全新B2多层厂房项目。该项目吸引了投资者和自用业主的兴趣，他们在利率环境更趋稳定之际寻求相对可负担的工业资产。

尽管成交量回升，价格涨幅仍较温和。裕廊集团（JTC）多层厂房价格指数在第二季度环比上升0.4%，较前几个季度的涨幅有所放缓。

第一太平戴维斯表示，借贷成本趋稳改善了市场情绪，但买家仍高度挑剔且对价格敏感。需求继续青睐地段优越、剩余租约年期较长的资产，这支撑了整体价格韧性，同时限制了更广泛的升值。

租约年期是尤为重要的区分因素。第一太平戴维斯的分层工业物业组合显示，30年地契资产价格再环比下跌1.9%，至每平方英尺新币346元，因为在租约衰减影响资本价值保值的背景下，买家越来越不愿购入较短年期物业。

相比之下，60年地契物业微升0.3%，至每平方英尺新币571元，而永久地契工业资产继续跑赢，上涨1.6%，至每平方英尺新币890元。

第一太平戴维斯表示，较短年期与较长年期资产之间的价格差距扩大，反映出在经济环境不确定的背景下，投资者持续偏好租约保障和资产保值。