Singapore industrial prices rise for eighth straight quarter in Q1

The consultancy highlights that domestic financing conditions remain supportive, with the 3-month SORA declining to 1.04% as of 23 April 2026, compared to 1.19% at end-2025. Against a backdrop of geopolitical uncertainty, investors continue to favour leasehold industrial assets for their stable income profile and positive carry.

By segment, multi-user factory prices rose 1.7% quarter-on-quarter in Q1 2026, slightly easing from 1.9% in the previous quarter. In contrast, single-user factory prices continued to decline marginally by 0.1%, although this was an improvement from the 0.3% drop recorded in Q4 2025.

CBRE also notes a development pipeline of around 8.0 million sq ft of new industrial space scheduled for completion over the next three quarters of 2026, representing about 1.4% of total stock. The single-user factory segment accounts for the majority of upcoming supply at 60.5%, followed by warehouses at 30.1%, multi-user factories at 6.1%, and business parks at 3.3%.

In the business park segment, only one major project is in the pipeline over the next three years, the 27 IBP development, scheduled for completion in Q2 2026. CBRE adds that ongoing asset enhancement initiatives across older facilities could further tighten effective supply in the segment.

Overall, CBRE concludes that Singapore’s industrial market remains underpinned by strong investor demand, even as price growth begins to moderate and new supply gradually enters the market.