However, warehouse rents are expected to soften on the back of the ample supply, as well as industrialists’
expected continued cost consciousness as business operating cost (which includes real estate cost and other
cost components like labour, materials and utilities) is likely to stay high. Nevertheless, with demand projected
to remain healthy, this will help to limit the correction in warehouse rents to a range of around 5% to 6% by the
end of 2015.
On the other hand, sales of en-bloc warehouses, particularly those built on JTC land could slow down due to
the recent revisions to JTC’s tenancy policies and the limited availability of stock for transaction.
6.0 LIMITING CONDITIONS
The content of this report is for information only and should not be relied upon as a substitute for professional
advice, which should be sought from Colliers International prior to acting in reliance upon any such information.
The opinions, estimates and information given herein or otherwise in relation hereto are made by Colliers
International and affiliated companies in their best judgement, in the utmost good faith and are as far as possible
based on data or sources which they believe to be reliable in the context hereto. Notwithstanding, Colliers
International disclaims any liability in respect of any claim, which may arise from any errors or omissions or from
providing such advice, opinion, judgement or information.
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in any form or by any means, electronic, mechanical, photocopied, recorded or otherwise, without the prior
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SINGAPORE INDUSTRIAL PROPERTY MARKET OVERVIEW
CAMBRIDGE INDUSTRIAL TRUST | ANNUAL REPORT 2014
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