12 This refers to the difference between new space completed and space withdrawn.
Revised Guidelines for Supporting Uses in Industrial Development
Supporting Uses Current Policy
Revised Policy from
24 November 2014
Childcare Centres N.A.
All childcare centres within industrial
developments will be levied Civic &
Community Institution (“C&CI”) “E” rates.
Source: URA/MTI/Colliers International Singapore Research
3.0 SINGAPORE INDUSTRIAL PROPERTY MARKET OVERVIEW
3.1 EXISTING SUPPLY
Singapore had 461.2 million sq ft of completed industrial space as of 4Q 2014, 87.7% of which was owned by the
private sector and 12.3% by public agencies. Compared to 4Q 2013, the overall industrial stock has increased by
4.8% YoY, representing a net new supply
12
of 21.1 million sq ft in 2014.
Single-user factory space accounted for the majority 53.2% (245.4 million sq ft) of the total islandwide industrial
stock as of 4Q 2014. Another 23.1% (106.4 million sq ft) and 19.6% (90.5 million sq ft) were multi-user factory and
warehouse spaces, respectively. Business park space constituted the remaining 4.1% (18.7 million sq ft).
BREAKDOWN OF TOTAL INDUSTRIAL PROPERTY STOCK
(AS OF 4Q 2014)
Single-User Factory
Business Park
Multi-User Factory
Warehouse
53.2%
23.1%
4.1%
19.6%
Total
Industrial
Stock 461.2
million sq ft
Source: JTC/Colliers International Singapore Research
3.2 GEOGRAPHICAL DISTRIBUTION OF ISLANDWIDE INDUSTRIAL PROPERTY STOCK
As of 4Q 2014, the West planning region held the majority 46.0% (212.1 million sq ft) of the islandwide industrial
stock, followed by the Central (19.1%), North (14.0%), East (13.5%) and Northeast (7.4%) planning regions.
CAMBRIDGE INDUSTRIAL TRUST | A WINNING FORMULA
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