The JTC Quarterly Market Report for Q3 2025 reveals a modest increase in Singapore’s industrial occupancy rates, rising by 0.3 percentage points to 89.1% from the previous quarter. This growth is attributed to a decrease in supply due to demolitions in older JTC estates, part of ongoing land rejuvenation plans to cater to evolving business needs. The business park, single-user factory, and warehouse segments experienced occupancy increases of 0.3, 0.1, and 0.8 percentage points, respectively, whilst the multiple-user factory segment remained unchanged.
The rental index for all industrial spaces showed a moderate rise of 0.5% compared to the previous quarter, marking a 2.3% increase from the previous year. Although industrial space prices rose by 5.7% year-on-year, the quarter-on-quarter growth slowed to 0.6%, the slowest since Q3 2024.
In Q3 2025, six tenders for industrial government land sales sites closed, with all three multiple-user development sites attracting multiple bids and being successfully awarded, indicating strong market demand. By the end of September 2025, approximately 0.2 million square metres of new industrial space is expected to be completed in the last quarter of the year, with an additional 1.2 million square metres anticipated in 2026.
JTC anticipates that, barring a significant economic downturn, occupancy rates will remain stable and rental rates will continue to moderate. The organisation remains committed to monitoring the market closely and supporting the needs of industrialists.
