18 Gul Drive, a property of Sabana REIT. (Photo: Google Maps)18 Gul Drive, a property of Sabana REIT. (Photo: Google Maps)

Industrial space regulator JTC Corporation has released its quarterly market report for 3Q 2018, and initial data suggests that the much-awaited reprieve for Singapore-focused industrial REITs has yet to arrive.

In its report, the regulator expects 1.8 million square metres of industrial space, including 302,000 square metres of multiple-user factory space, to come online in 4Q 2018, and over the entire 2019.

At first glance, this seems to bode well for Singapore-focused industrial REITs as the average input of industrial space into the city-state’s market has been recorded at 1.6 million square metres annually, which confirms that supply is gently tapering down.

To read the full article, please login or subscribe.

By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.