Singapore commercial rents rise 1% q-o-q in 1Q2022, 6th consecutive quarterly growth: Colliers

Looking ahead, industrialists can start aiming to diversify their supply chains and also touch onto alternate options for more affordable storage space: Colliers

Industrial rental fees in Singapore climbed up 1% q-o-q in 1Q2022, the best quarterly growth the segment has seen considering that 3Q2013. Last quarter’s performance was additionally the sixth successive quarter of growth, according to a market report by Colliers.

Amo Residences Ang Mo Kio Showflat at District 20 Amenities

Amo Residences Ang Mo Kio offers 698 residential units that are situated within a prime location, near several amenities and nature parks. Residents of Amo Residences Ang Mo Kio can enjoy a variety of leisure activities in nearby parks and take short trips to popular attractions. Whether you are a young professional or a family looking for a convenient living location, you’ll find that Amo Residences is the perfect choice.

Amo Residences Ang Mo Kio is a 99-year-leasehold condo development located in district 20 of Singapore. The development comprises 698 units with sizes ranging from 431 square feet to 1,561 square feet. The development is being developed by Pinehill Investments Pte Ltd, Orchard Boulevard Residences Condo and will be surrounded by sparkling water. Residents will also enjoy close proximity to educational institutions and other amenities.

This new development has a wide range of amenities, such as an indoor swimming pool, a fitness centre, a 24-hour concierge, and a car park. The nearby Lentor MRT station is perfect for commuters. The area is also home to several malls and restaurants. In addition to being close to public transport, Amo Residences Ang Mo Kio is also convenient to several shopping centres and Ang Mo Kio Town Centre.

Costs in the industrial section also executed well, climbing 3.1% q-o-q last quarter, and notes the strongest quarterly price growth since 1Q2014. “Due to previous building hold-ups, a lot of the commercial supply pipe is coming onstream this year, with the majority being manufacturing facilities.

Additionally, 25.90 mil sq ft a lot more commercial space is arranged to complete this year,” states Colliers. Over the following three years, the ordinary yearly pipe supply is set to be 12.92 million sq ft, almost double the 6.46 million sq ft that came online between 2019 to 2022. “This expected rise in supply might reduce price and also rental development, while giving extra options for manufacturers at the
Looking ahead, industrialists could start seeking to expand their supply chains and tap onto different options for cheaper storage, states Lynus Pook, executive director, commercial solutions at Colliers Singapore. He includes that demand for commercial assets, particularly high spec storehouses as well as business parks, should still be underpinned by development markets such as the food, media, logistics, technology as well as biomedical fields.

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