SEO Version
2.2
Existing Stock in the Industrial Market
As at Q4 2012, Singapore has 424.4 million sq ft
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of industrial space, a 2.8% increase from Q4 2011. Majority
(87%, 369.5 million sq ft) of the industrial space is owned by the private sector, while the remaining is owned
by the public sector. The focus of this report will be on private factory
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and warehouse space.
Private single-user factory forms majority of the industrial space in Singapore, followed by private multiple-
user factory and private warehouse space (Figure 1.2).
Figure 1.2: Breakdown of Industrial Stock (2012)
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Source: URA, DTZ Consulting & Research, February 2013
Majority of the private factory (4%) and warehouse space (60%) is located in the West Region, mainly at
Jurong and Tuas industrial estates.
3.0 Private Factory Space
3.1
Existing Supply
Total private factory stock was 290.7 million sq ft as at end 2012, up by 3.0% from 282.1 million sq ft in 2011.
This was lower compared with the average annual stock growth rate of 3.6% over the past decade. Notably,
a considerable number of business parks were completed in 2012 such as UE BizHub East and One@Changi
City, with private business park space growing by 9.8% in 2012. The major factory completions in 2012 are
summarised in Table 1.4.
Table 1.4: Major Private Factory Completions (2012)
Development
Location
Planning
Region
Developer
Estimated
NLA (sq m)
Q1 2012
Foodaxis @ Senoko Senoko Avenue
North
Ascendas REIT
423,000
Q2 2012
UE BizHub East
Changi Business
Park Avenue 1
East
United Engineers
408,000
T5 @ Tampines
Tampines Industrial
Avenue 5
East
Soon Hock Group
397,000
INDEPENDENT MARKET STUDY:
By DTZ Debenham Tie Leung (SEA) Pte Ltd
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All existing supply are in NLA.
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Comprises multiple-user, single-user and business park space.
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Figures in this report may not add up due to rounding errors.
Public warehouse
0.5 million sq ft
0.1%
Private multiple-user factory
78.5 million sq ft
19%
Public multiple-user factory
14.6 million sq ft
4%
Private single-user factory
191.1 million sq ft
46%
Private warehouse
76.1 million sq ft
18%
Public business park
2.8 million sq ft
1%
Private business park
12.5 million sq ft
3%
Public single-user factory
37.0 million sq ft
9%
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SABANA REIT
Annual Report 2012
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