{"id":91517,"date":"2025-10-24T18:11:33","date_gmt":"2025-10-24T10:11:33","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=91517"},"modified":"2025-10-24T19:07:09","modified_gmt":"2025-10-24T11:07:09","slug":"singapore-commercial-and-industrial-property-market-q3-2025","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/singapore-commercial-and-industrial-property-market-q3-2025\/","title":{"rendered":"URA and JTC data show steady commercial and industrial property market in Q3 2025"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div>\r\n<p><span style=\"font-weight: 400;\">Singapore\u2019s commercial and industrial property markets remained steady in Q3 2025, despite showing signs of moderated growth. Data from both the Urban Redevelopment Authority (URA) and JTC highlighted a softer quarterly performance, but the overall fundamentals stayed resilient.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Vacancy rates continued to improve, rental demand remained firm, and investor interest stayed consistent. These trends unfolded against a backdrop of easing inflation and falling interest rates \u2013 factors that helped sustain business confidence and lending activity.<\/span><\/p>\r\n<h3>Table of content<\/h3>\r\n\r\n\r\n\r\n<div class=\"wp-block-yoast-seo-table-of-contents yoast-table-of-contents\">\r\n<ul>\r\n<li><a href=\"#h-office-occupancy-and-vacancy-trends\" data-level=\"3\">Office occupancy and vacancy trends<\/a><\/li>\r\n<li><a href=\"#h-market-commentary-strong-demand-and-tight-supply-ahead\" data-level=\"3\">Market commentary: Strong demand and tight supply ahead<\/a><\/li>\r\n<li><a href=\"#h-industrial-market-resilient-growth-and-tightening-vacancy\" data-level=\"2\">Industrial market: Resilient growth and tightening vacancy<\/a><\/li>\r\n<li><a href=\"#h-market-commentary-stability-and-selective-growth\" data-level=\"2\">Market commentary: Stability and selective growth<\/a><\/li>\r\n<\/ul>\r\n<p><b style=\"color: #212121; font-family: Constantia, 'Lucida Bright', Lucidabright, 'Lucida Serif', Lucida, 'DejaVu Serif', 'Bitstream Vera Serif', 'Liberation Serif', Georgia, serif; font-size: 36px; --tw-scale-x: 1; --tw-scale-y: 1; --tw-scroll-snap-strictness: proximity; --tw-ring-offset-width: 0px; --tw-ring-offset-color: #fff; --tw-ring-color: #3b82f680; --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000;\">Office market: Slight dip in rentals but healthier occupancy<\/b><\/p>\r\n<\/div>\r\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1200\" height=\"900\" class=\"wp-image-91550\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2025\/10\/singapore-commercial-and-industrial-property-market-q3-2025-ura.jpg\" alt=\"Skyscrapers \" \/><\/figure>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">The office sector saw a marginal dip in overall rents during Q3 2025. URA\u2019s rental index for offices in the central region eased by 0.1% quarter-on-quarter (qoq), following a 0.3% decline in Q2. The price index also fell slightly by 0.2% qoq after a 1.1% drop in the previous quarter.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">These modest decreases point to continued caution among occupiers. Some firms are still reassessing space needs in light of hybrid work arrangements and cost management strategies. However, the adjustments remain mild \u2013 indicating stability rather than weakness.<\/span><\/p>\r\n\r\n\r\n    <section id=\"portal-widget-tab-panel-69fcfdf600248\" class=\"portal-widget-tab-panel\">\n        <div class=\"swiper-container\" id=\"swiper-container-69fcfdf600248\">\n                        <div class=\"row-title-widget\">\n                <div class=\"portal-widget-carousel-title-left\"><h4 class=\"portal-widget-title\">Take advantage of the softer office rents now<\/h4><\/div>\n                <div class=\"portal-widget-carousel-title-right text-right\"><span class=\"portal-widget-see-all-link link-top\"><a href=\"\" class=\"nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/rent\/commercial?commercial_main_category=office&amp;name=Singapore&amp;page_num=1&amp;page_size=36&amp;property_segments=commercial_all&amp;query_name=Singapore&amp;show_cluster_preview=true&amp;show_description=true&amp;show_internal_linking=true&amp;show_meta_description=true&amp;show_nearby=true&amp;sort_field=relevance&amp;sort_order=desc&amp;zoom=15&utm_source=blog&utm_medium=widget\">See all listings<\/a><\/span><\/div>\n            <\/div>\n                        <div class=\"portal-widget-carousel swiper-wrapper\">\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/56Q8myu4S6p4gPEkbrTAmP?text=Bi+Qin+Tey&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=46a1396cafa1d170762ccd03f90c1f0f9589a118\" alt=\"Tan Chong Tower Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Tan Chong Tower<\/div>\n                            <div class=\"card-text card-subtitle\">Tan Chong Tower<\/div>\n                            <div class=\"card-text card-room\">\n                                <div style=\"display:none;\">\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span><\/span>\n                                <\/div>\n                                <div style=\"display:none;\">\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span><\/span>\n                                <\/div>\n                                <div >\n                                    <span>741 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 5,558<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/commercial\/rent\/property\/tan-chong-tower-office-in6xdG4wGprxq5ybpxHB5z?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/URZeoNU9P64Rk2FcetDSEG?text=Ong+Lee+Wah&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=2917ec369c9e4d944c79a32915767d8b9dcc5201\" alt=\"Midview City Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Midview City<\/div>\n                            <div class=\"card-text card-subtitle\">Midview City<\/div>\n                            <div class=\"card-text card-room\">\n                                <div style=\"display:none;\">\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span><\/span>\n                                <\/div>\n                                <div style=\"display:none;\">\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span><\/span>\n                                <\/div>\n                                <div >\n                                    <span>240 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 1,500<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/commercial\/rent\/property\/midview-city-office-NschjkVCb2bDykcVxdA85L?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/xfVjq4LjrGZJrWDYVFJbrC?text=Michelle+Tan&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=9ddc5805ccce179f998e77752721b2ff72136ba2\" alt=\"Boon Sing Building Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Boon Sing Building<\/div>\n                            <div class=\"card-text card-subtitle\">Boon Sing Building<\/div>\n                            <div class=\"card-text card-room\">\n                                <div style=\"display:none;\">\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span><\/span>\n                                <\/div>\n                                <div style=\"display:none;\">\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span><\/span>\n                                <\/div>\n                                <div >\n                                    <span>1,119 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 4,900<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/commercial\/rent\/property\/boon-sing-building-office-PuyrcdG6RAoWozkEtQnmMt?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                            <div class=\"portal-widget-formatted-tags\">\n            <\/div>\n                        <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/itpaq8PxqjbYi69UtKUEEX?text=Nick+Tan&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=36f0bfcf7d0ee1eeebc9db05a544d20e499e4886\" alt=\"Woods Square Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Woods Square<\/div>\n                            <div class=\"card-text card-subtitle\">Woods Square<\/div>\n                            <div class=\"card-text card-room\">\n                                <div style=\"display:none;\">\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span><\/span>\n                                <\/div>\n                                <div style=\"display:none;\">\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span><\/span>\n                                <\/div>\n                                <div >\n                                    <span>4,941 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 22,728<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/commercial\/rent\/property\/woods-square-office-fBBVTkaRgTa524kXAhT6Qq?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/xE55poih4FAPVeaq4UDRUQ?text=freddy+yeo&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=87d07e8c04e04a8825be921b7ed478ddc3d56b9b\" alt=\"Suntec City Towers Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Suntec City Towers<\/div>\n                            <div class=\"card-text card-subtitle\">Suntec City Towers<\/div>\n                            <div class=\"card-text card-room\">\n                                <div style=\"display:none;\">\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span><\/span>\n                                <\/div>\n                                <div style=\"display:none;\">\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span><\/span>\n                                <\/div>\n                                <div >\n                                    <span>10,232 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 80,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/commercial\/rent\/property\/suntec-city-towers-office-C4Y5ft5bK8ZijEfwkwn4vX?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/kXB9XRPmngV6bjavTwxrB2?text=Zola+Tan&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=cc6c0d308d6ab910eadd6dff2dd38c3e09ec6d84\" alt=\"CT Hub 2 Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">CT Hub 2<\/div>\n                            <div class=\"card-text card-subtitle\">CT Hub 2<\/div>\n                            <div class=\"card-text card-room\">\n                                <div style=\"display:none;\">\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span><\/span>\n                                <\/div>\n                                <div style=\"display:none;\">\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span><\/span>\n                                <\/div>\n                                <div >\n                                    <span>200 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 1,600<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/commercial\/rent\/property\/ct-hub-2-office-9XPeEb38AsYm5ddrCBkGEa?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/cUJtycebDEPsVavMs2NB7Y?text=Iris+Sim&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=7e6bfe09f165a44ce32001fa153820a88366e00c\" alt=\"Office for Rent: Fortune Centre Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Office for Rent: Fortune Centre<\/div>\n                            <div class=\"card-text card-subtitle\">Fortune Centre<\/div>\n                            <div class=\"card-text card-room\">\n                                <div style=\"display:none;\">\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span><\/span>\n                                <\/div>\n                                <div style=\"display:none;\">\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span><\/span>\n                                <\/div>\n                                <div >\n                                    <span>850 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 4,999<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/commercial\/rent\/property\/fortune-centre-office-NGxWsMTpaYepv2ch3yAswm?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/kr9dhuAquapv2xWF54dBP5?text=Richard+Lee+Cheng+Guan&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=3322aa1a063bd402f4424bd5ea4c43e36f412cc1\" alt=\"Office for Rent: The Agape Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Office for Rent: The Agape<\/div>\n                            <div class=\"card-text card-subtitle\">The Agape<\/div>\n                            <div class=\"card-text card-room\">\n                                <div style=\"display:none;\">\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span><\/span>\n                                <\/div>\n                                <div style=\"display:none;\">\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span><\/span>\n                                <\/div>\n                                <div >\n                                    <span>1,799 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 4,900<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/commercial\/rent\/property\/the-agape-office-meM8HXNrD8T8SRuJLeP9P3?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/fjHbaWK9piVvDH4oZeZxtk?text=Sherlene+Tay&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=11ac087a6da159ee6067d1218c73640b58d7a86e\" alt=\"Office for Rent: Suntec City Tower Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Office for Rent: Suntec City Tower<\/div>\n                            <div class=\"card-text card-subtitle\">Suntec City Towers<\/div>\n                            <div class=\"card-text card-room\">\n                                <div style=\"display:none;\">\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span><\/span>\n                                <\/div>\n                                <div style=\"display:none;\">\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span><\/span>\n                                <\/div>\n                                <div >\n                                    <span>2,200 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 27,720<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/commercial\/rent\/property\/suntec-city-towers-office-4C33X4PPDsz2TNYh7zcg94?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/oQZtnbtBq3HVpQWbfZXiy6?text=wai+mun+choy&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=256f3e27df8af3972befe57f1fc1a5f7d56c77a3\" alt=\"Suntec City Towers Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Suntec City Towers<\/div>\n                            <div class=\"card-text card-subtitle\">Suntec City Towers<\/div>\n                            <div class=\"card-text card-room\">\n                                <div style=\"display:none;\">\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span><\/span>\n                                <\/div>\n                                <div style=\"display:none;\">\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span><\/span>\n                                <\/div>\n                                <div >\n                                    <span>1,765 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 19,500<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/commercial\/rent\/property\/suntec-city-towers-office-8a45dHHb9uGbXVJEWn3scV?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                            <\/div>\n            <!-- Add Arrows -->\n            <div class=\"swiper-button-next\"><\/div>\n            <div class=\"swiper-button-prev\"><\/div>\n                    <\/div>\n    <\/section>\n\n\r\n\r\n\r\n\r\n\r\n<h3 id=\"h-office-occupancy-and-vacancy-trends\" class=\"wp-block-heading\"><b>Office occupancy and vacancy trends<\/b><\/h3>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Despite slower rental momentum, occupancy improved slightly. The islandwide office vacancy rate narrowed to 11.2%, from 11.4% in Q2. This improvement signals healthier space absorption and suggests that underlying demand remains present, particularly for well-located properties.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">The amount of occupied office space grew by about 1,000 sqm in Q3, though at a slower pace than the previous quarter\u2019s 9,000 sqm expansion. Meanwhile, total office stock contracted by around 24,000 sqm, partly due to the redevelopment or conversion of older buildings.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n<h3 id=\"h-steady-pipeline-of-new-supply\" class=\"wp-block-heading\"><b>Steady pipeline of new supply<\/b><\/h3>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">As of Q3, about 870,000 sqm (gross floor area) of office space was in development, only slightly higher than the 868,000 sqm reported in Q2. This steady stream of future supply should help prevent any sharp fluctuations in occupancy or rents in the near term.<\/span><\/p>\r\n\r\n\r\n\r\n<h3 id=\"h-prime-and-grade-a-segments-continue-to-lead\" class=\"wp-block-heading\"><b>Prime and Grade-A segments continue to lead<\/b><\/h3>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">At the higher end of the market, prime and Grade-A offices continued to perform better than average. According to Knight Frank, rents for premium offices in the Raffles Place and Marina Bay areas increased by 0.3% qoq to about S$11.41 per sqft per month.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">This upward trend was supported by tight supply and sustained interest from multinational firms and financial institutions. Many occupiers remain willing to pay a premium for buildings that offer quality design, strong sustainability credentials, and proximity to major transport and amenity hubs.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Conversely, older and lower-tier buildings continued to face mild rental pressure as tenants upgraded to newer developments or reduced space footprints. This divergence illustrates the market\u2019s ongoing \u201cflight-to-quality\u201d trend, where well-located and well-maintained assets continue to draw steady demand.<\/span><\/p>\r\n\r\n\r\n\r\n<p><em><strong>Read more:<\/strong><\/em>\u00a0<a href=\"https:\/\/www.99.co\/singapore\/insider\/singapore-commercial-property-market-q3-2025\/\" target=\"_blank\" rel=\"noreferrer noopener\">CBD Grade A office rents climb 0.5% in Q3 2025 as vacancy dips to 4.7%<\/a><\/p>\r\n\r\n\r\n\r\n<h3 id=\"h-market-commentary-strong-demand-and-tight-supply-ahead\" class=\"wp-block-heading\"><b>Market commentary: Strong demand and tight supply ahead<\/b><\/h3>\r\n\r\n\r\n\r\n<p data-start=\"347\" data-end=\"589\">According to Mr. Wong Xian Yang, Head of Research, Singapore &amp; SEA at Cushman &amp; Wakefield, the office market is expected to remain supported by limited new completions and improving business sentiment, barring any major economic shocks.<\/p>\r\n<p data-start=\"591\" data-end=\"967\">Most new office developments have already achieved strong leasing momentum. For instance, IOI Central Boulevard Towers in the Downtown Core is nearly fully occupied, while Paya Lebar Green outside the Central Region has reportedly been fully leased out. This trend highlights the sustained appetite for Grade A offices across both CBD and suburban areas.<\/p>\r\n<p data-start=\"969\" data-end=\"1452\">Looking ahead, the CBD Grade A supply pipeline remains tight, with only Shaw Tower (mid-2026) and Newport Tower (2027) expected to add about 0.6 million sqft of net leasable area over the next two years <span style=\"font-weight: 400;\">\u2013 <\/span>an average of just 0.3 million sq ft annually, or roughly one-third of typical yearly demand. Additionally, shadow space in the CBD fell to just 0.1 million sq ft in Q3 2025, marking a nine-year low, further reflecting tightening availability.<\/p>\r\n<p data-start=\"1454\" data-end=\"1939\">Mr. Wong also noted that relocation activity is set to increase in 2026, driven by several key trends. The ongoing flight-to-quality movement continues as occupiers prioritise modern, well-connected offices. Meanwhile, falling global interest rates may encourage business expansion, and return-to-office momentum could prompt firms to reassess space needs. On top of that, redevelopments of older properties could lead to new waves of displacement demand.<\/p>\r\n<p data-start=\"1941\" data-end=\"2167\">Given these factors, Cushman &amp; Wakefield maintains its projection for CBD Grade A rents to rise 2% to 3% year-on-year through 2025, with stronger growth of 3% to 5% expected in 2026 as conditions tighten further.<\/p>\r\n<p>\r\n\r\n<\/p>\r\n<h2 id=\"h-industrial-market-resilient-growth-and-tightening-vacancy\" class=\"wp-block-heading\"><b>Industrial market: Resilient growth and tightening vacancy<\/b><\/h2>\r\n<p>\r\n\r\n<\/p>\r\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1200\" height=\"900\" class=\"wp-image-91548\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2025\/10\/singapore-commercial-and-industrial-property-market-q3-2025-jtc.jpg\" alt=\"Singapore ubi area industry zone aerial view\" \/><\/figure>\r\n<p>\r\n\r\n<\/p>\r\n<p><span style=\"font-weight: 400;\">The industrial property segment once again demonstrated its resilience in Q3 2025. JTC\u2019s data showed that rents rose by 0.5% qoq \u2013 marking the twentieth consecutive quarter of growth, though slightly slower than the 0.7% gain seen in Q2.<\/span><\/p>\r\n<p>\r\n\r\n<\/p>\r\n<p><span style=\"font-weight: 400;\">Prices climbed by 0.6% qoq and 5.7% year-on-year (yoy), extending a six-quarter streak of increases. While the pace of growth has moderated, the consistency of these gains underscores the sector\u2019s solid fundamentals and long-term strength.<\/span><\/p>\r\n<p>\r\n\r\n<\/p>\r\n<h3 id=\"h-segment-breakdown\" class=\"wp-block-heading\"><b>Segment breakdown<\/b><\/h3>\r\n<p>\r\n\r\n<\/p>\r\n<p><span style=\"font-weight: 400;\">Performance across industrial sub-segments varied:<\/span><\/p>\r\n<p>\r\n\r\n<\/p>\r\n<ul class=\"wp-block-list\">\r\n<li><b>Warehouses<\/b><span style=\"font-weight: 400;\"> remained the strongest performer for the 20th straight quarter, with rents rising 0.9% qoq and 2.7% yoy.<\/span><\/li>\r\n\r\n\r\n\r\n<li><b>Single-user factories<\/b><span style=\"font-weight: 400;\"> saw rents climb 0.7% qoq and 2.1% yoy, showing a slight pickup in momentum.<\/span><\/li>\r\n\r\n\r\n\r\n<li><b>Multiple-user factories<\/b><span style=\"font-weight: 400;\"> recorded a 0.4% qoq and 2% yoy increase, indicating stable growth.<\/span><\/li>\r\n\r\n\r\n\r\n<li><b>Business parks<\/b><span style=\"font-weight: 400;\"> experienced a small 0.2% qoq decline \u2013 the first dip after three consecutive quarters of growth \u2013 though rents remained 2.3% higher year-on-year.<\/span><\/li>\r\n<\/ul>\r\n<p>\r\n\r\n<\/p>\r\n<p><span style=\"font-weight: 400;\">This mix reflects sustained demand in manufacturing and logistics, contrasted with softer leasing activity in business parks, where some tech-related tenants are still rightsizing operations.<\/span><\/p>\r\n<p>\r\n\r\n<\/p>\n    <section id=\"portal-widget-tab-panel-69fcfdf600a5d\" class=\"portal-widget-tab-panel\">\n        <div class=\"swiper-container\" id=\"swiper-container-69fcfdf600a5d\">\n                        <div class=\"row-title-widget\">\n                <div class=\"portal-widget-carousel-title-left\"><h4 class=\"portal-widget-title\">Tight supply, steady rents \u2013 act now on industrial opportunities.<\/h4><\/div>\n                <div class=\"portal-widget-carousel-title-right text-right\"><span class=\"portal-widget-see-all-link link-top\"><a href=\"\" class=\"nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/rent\/commercial?commercial_main_category=industrial&amp;name=Singapore&amp;page_num=1&amp;page_size=36&amp;property_segments=commercial_all&amp;query_name=Singapore&amp;rental_type=all&amp;show_cluster_preview=true&amp;show_description=true&amp;show_internal_linking=true&amp;show_meta_description=true&amp;show_nearby=true&amp;sort_field=relevance&amp;sort_order=desc&amp;zoom=15&utm_source=blog&utm_medium=widget\">See all listings<\/a><\/span><\/div>\n            <\/div>\n                        <div class=\"portal-widget-carousel swiper-wrapper\">\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/rsBGVZjokw8AEmHvuqewvf?text=Daniel+Wong&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=9e6a7f9a990656950d8cbda57a33562b6a40d240\" alt=\"Midview City Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Midview City<\/div>\n                            <div class=\"card-text card-subtitle\">Midview City<\/div>\n                            <div class=\"card-text card-room\">\n                                <div style=\"display:none;\">\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span><\/span>\n                                <\/div>\n                                <div style=\"display:none;\">\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span><\/span>\n                                <\/div>\n                                <div >\n                                    <span>160 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 800<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/commercial\/rent\/property\/midview-city-industrial-WprwvDa2HpKiZZUfQ9dswN?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                            <div class=\"portal-widget-formatted-tags\">\n            <\/div>\n                        <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/D4EvRGZ3y4UpJ8iPWGz28E?text=Kevin+Cher&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=c04fc965f3dc082bc01c836427b4154d1e9a521d\" alt=\"Jalan Besut Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Jalan Besut<\/div>\n                            <div class=\"card-text card-subtitle\">Jalan Besut<\/div>\n                            <div class=\"card-text card-room\">\n                                <div style=\"display:none;\">\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span><\/span>\n                                <\/div>\n                                <div style=\"display:none;\">\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span><\/span>\n                                <\/div>\n                                <div >\n                                    <span>23,000 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 45,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/commercial\/rent\/property\/jalan-besut-industrial-QokC5Fxj8VcyCQKXbQvsPt?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/taZu5qgCcyGZYftoJxPBTn?text=Steven+Han&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=9075baa89a01213e93bedd42d52c03a220bc3379\" alt=\"Pantech Business Hub Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Pantech Business Hub<\/div>\n                            <div class=\"card-text card-subtitle\">Pantech Business Hub<\/div>\n                            <div class=\"card-text card-room\">\n                                <div style=\"display:none;\">\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span><\/span>\n                                <\/div>\n                                <div style=\"display:none;\">\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span><\/span>\n                                <\/div>\n                                <div >\n                                    <span>1,206 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 2,500<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/commercial\/rent\/property\/pantech-business-hub-industrial-9ZoTDi2LQXDHH9GfbiadPn?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                            <div class=\"portal-widget-formatted-tags\">\n            <\/div>\n                        <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/eHTgEaZ7rmqDYwRJiLcsM5?text=Kevin+Cher&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=a4984dba06acfbf3bb321a8ac5a703fe5aeca8cd\" alt=\"Shine@Tuas South Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Shine@Tuas South<\/div>\n                            <div class=\"card-text card-subtitle\">Shine@Tuas South<\/div>\n                            <div class=\"card-text card-room\">\n                                <div style=\"display:none;\">\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span><\/span>\n                                <\/div>\n                                <div style=\"display:none;\">\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span><\/span>\n                                <\/div>\n                                <div >\n                                    <span>3,249 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 5,500<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/commercial\/rent\/property\/shinetuas-south-industrial-RVvmPnPZFNZcW9oopq5fVB?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/BDHUryogEgHoQdYZhuj4L7?text=PingPing+Ng&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=fe4ed08fab26575823e7dc2c71cc15662562300f\" alt=\"Petro Centre Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Petro Centre<\/div>\n                            <div class=\"card-text card-subtitle\">Petro Centre<\/div>\n                            <div class=\"card-text card-room\">\n                                <div style=\"display:none;\">\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span><\/span>\n                                <\/div>\n                                <div style=\"display:none;\">\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span><\/span>\n                                <\/div>\n                                <div >\n                                    <span>1,800 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 4,800<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/commercial\/rent\/property\/petro-centre-industrial-kBwCETx6CJ5zyyhoQsPCBW?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/bJoFw9HsSyu4bwu5FLw6q8?text=Shijie&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=18c4512c1fb6806b07180063205fd581473c27e8\" alt=\"The Kingsmen Experience Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">The Kingsmen Experience<\/div>\n                            <div class=\"card-text card-subtitle\">Changi Business Park Central 2<\/div>\n                            <div class=\"card-text card-room\">\n                                <div style=\"display:none;\">\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span><\/span>\n                                <\/div>\n                                <div style=\"display:none;\">\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span><\/span>\n                                <\/div>\n                                <div >\n                                    <span>2,089 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 7,400<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/commercial\/rent\/property\/changi-business-park-central-2-industrial-UBQ3YXDxuxsrkR9jqAcKqJ?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/AmzsypL2Mg99MupxsyDjj9?text=Kevin+Cher&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=6d869b5937f0e0f078d273565884f0909a5ef5d2\" alt=\"SmartFood@Mandai Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">SmartFood@Mandai<\/div>\n                            <div class=\"card-text card-subtitle\">SmartFood@Mandai<\/div>\n                            <div class=\"card-text card-room\">\n                                <div style=\"display:none;\">\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span><\/span>\n                                <\/div>\n                                <div style=\"display:none;\">\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span><\/span>\n                                <\/div>\n                                <div >\n                                    <span>2,002 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 4,999<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/commercial\/rent\/property\/smartfoodmandai-industrial-V9ZdRo2edCHa8uuVnKMCwX?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/xFAeCivxm88ByQksQCGHpa?text=MS+and+KC&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=53ac6d06b4abdb0d1d60a7f52e114c4b64c7f9e9\" alt=\"Betime Building. Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Betime Building.<\/div>\n                            <div class=\"card-text card-subtitle\">Betime Building<\/div>\n                            <div class=\"card-text card-room\">\n                                <div style=\"display:none;\">\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span><\/span>\n                                <\/div>\n                                <div style=\"display:none;\">\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span><\/span>\n                                <\/div>\n                                <div >\n                                    <span>200 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 800<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/commercial\/rent\/property\/betime-building-industrial-exNgMyjaawgyA5wMM4wGAi?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/prGVqtumTQShyTqVLBuqsg?text=Ho+Li+Li&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=a12291f692c87a0c6ceaa8e8746a511a5e68f936\" alt=\"Kim Chuan, good-spec industrial building. Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Kim Chuan, good-spec industrial building.<\/div>\n                            <div class=\"card-text card-subtitle\">Kim Chuan Complex<\/div>\n                            <div class=\"card-text card-room\">\n                                <div style=\"display:none;\">\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span><\/span>\n                                <\/div>\n                                <div style=\"display:none;\">\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span><\/span>\n                                <\/div>\n                                <div >\n                                    <span>50,000 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 150,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/commercial\/rent\/property\/kim-chuan-complex-industrial-ZVxLFcDJx8o2nk7ZCxqHMs?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/iANDoRVaQJoJyzCwuiRZLB?text=Tay+Kim+Tiong&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=bcdd43d829e59e1ea4a2f3822563e773cceb3d1c\" alt=\"Stellar @ Tampines Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Stellar @ Tampines<\/div>\n                            <div class=\"card-text card-subtitle\">Stellar @ Tampines<\/div>\n                            <div class=\"card-text card-room\">\n                                <div style=\"display:none;\">\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span><\/span>\n                                <\/div>\n                                <div style=\"display:none;\">\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span><\/span>\n                                <\/div>\n                                <div >\n                                    <span>1,657 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 6,200<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/commercial\/rent\/property\/stellar-tampines-industrial-9FZZfgEmgTEgBfUGLbKbAf?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                            <\/div>\n            <!-- Add Arrows -->\n            <div class=\"swiper-button-next\"><\/div>\n            <div class=\"swiper-button-prev\"><\/div>\n                    <\/div>\n    <\/section>\n\n<p>\n\r\n\r\n<\/p>\r\n<p>\r\n\r\n<\/p>\r\n<h2 id=\"h-market-commentary-stability-and-selective-growth\" class=\"wp-block-heading\"><b>Market commentary: Stability and selective growth<\/b><\/h2>\r\n<p>\r\n\r\n<\/p>\r\n<p><span style=\"font-weight: 400;\">According to Cushman &amp; Wakefield\u2019s Executive Director for Logistics &amp; Industrial, Brenda Ong, the industrial market\u2019s strength is supported by macroeconomic improvements. Singapore\u2019s manufacturing Purchasing Managers\u2019 Index (PMI) reached 50.1 in September 2025, signalling expansion after previous periods of contraction.<\/span><\/p>\r\n<p>\r\n\r\n<\/p>\r\n<p><span style=\"font-weight: 400;\">Falling interest rates and moderating inflation have also helped sustain investor and occupier confidence. Positive rental reversions are expected to continue as leases are renewed, reflecting the robust rental growth achieved over the past few years.<\/span><\/p>\r\n<p>\r\n\r\n<\/p>\r\n<p><span style=\"font-weight: 400;\">Warehouse demand, in particular, remains strong. Third-party logistics operators are consolidating operations into newer, more efficient facilities \u2013 a trend commonly referred to as \u201cflight-to-quality.\u201d This preference for modern, well-connected logistics assets has driven much of the rental resilience in the warehouse segment.<\/span><\/p>\r\n<p>\r\n\r\n<\/p>\r\n<p><span style=\"font-weight: 400;\">Singapore\u2019s overall industrial vacancy rate fell to 10.9% \u2013 the lowest since Q4 2022. This tightening of vacancies suggests that space absorption is improving, particularly for high-quality developments.<\/span><\/p>\r\n<p>\r\n\r\n<\/p>\r\n<p><span style=\"font-weight: 400;\">Several major projects were also completed in Q3, including:<\/span><\/p>\r\n<p>\r\n\r\n<\/p>\r\n<ul class=\"wp-block-list\">\r\n<li><b>CT Foodnex<\/b><span style=\"font-weight: 400;\"> (0.2 million sqft), a multiple-user food factory project.<\/span><\/li>\r\n\r\n\r\n\r\n<li><b>15 Benoi Sector<\/b><span style=\"font-weight: 400;\"> (1.1 million sqft), a single-user warehouse.<\/span><\/li>\r\n\r\n\r\n\r\n<li><b>5 Toh Guan Road East<\/b><span style=\"font-weight: 400;\"> (0.5 million sqft), a multiple-user logistics hub.<\/span><\/li>\r\n<\/ul>\r\n<p>\r\n\r\n<\/p>\r\n<p><span style=\"font-weight: 400;\">These new developments have seen strong take-up rates, especially within the prime logistics segment, where available space remains scarce. In fact, the next major logistics project, Logis Hub @ Clementi by CapitaLand Ascendas REIT, isn\u2019t expected to be completed until 2028, underscoring just how limited supply is in the short to medium term.<\/span><\/p>\r\n<p>\r\n\r\n<\/p>\r\n<p><span style=\"font-weight: 400;\">Business parks continued to see a split in performance: city-fringe locations recorded vacancy rates around 7.9%, while suburban areas remained high at 28.3%. However, with fewer new completions expected beyond 2025, occupancy levels are likely to stabilise over the medium term.<\/span><\/p>\r\n<p>\r\n\r\n<\/p>\r\n<p><span style=\"font-weight: 400;\">In the longer term, the widening rental gap between office spaces and business parks might also boost the appeal of suburban business parks, particularly for firms looking to relocate or expand.<\/span><\/p>\r\n<p>\r\n\r\n<\/p>\r\n<h3 id=\"h-stock-occupancy-and-future-supply\" class=\"wp-block-heading\"><b>Stock, occupancy, and future supply<\/b><\/h3>\r\n<p>\r\n\r\n<\/p>\r\n<p><span style=\"font-weight: 400;\">By the end of Q3 2025, Singapore\u2019s total industrial stock stood at 53.9 million sqm, with an overall occupancy rate of 89.1% \u2013 up 0.3 percentage points from the previous quarter.<\/span><\/p>\r\n<p>\r\n\r\n<\/p>\r\n<p><span style=\"font-weight: 400;\">Occupancy rose across most segments:<\/span><\/p>\r\n<p>\r\n\r\n<\/p>\r\n<ul class=\"wp-block-list\">\r\n<li><span style=\"font-weight: 400;\">Warehouses: +0.8 percentage points<\/span><\/li>\r\n\r\n\r\n\r\n<li><span style=\"font-weight: 400;\">Business parks: +0.3 percentage points<\/span><\/li>\r\n\r\n\r\n\r\n<li><span style=\"font-weight: 400;\">Single-user factories: +0.1 percentage points<\/span><\/li>\r\n\r\n\r\n\r\n<li><span style=\"font-weight: 400;\">Multiple-user factories: unchanged<\/span><\/li>\r\n<\/ul>\r\n<p>\r\n\r\n<\/p>\r\n<p><span style=\"font-weight: 400;\">Looking ahead, around 210,000 sqm of industrial space is expected to be completed in Q4 2025. Of this, about 61% will come from single-user factories, 36% from multiple-user factories, and 3% from warehouses.<\/span><\/p>\r\n<p>\r\n\r\n<\/p>\r\n<p><span style=\"font-weight: 400;\">Between 2026 and 2028, the total supply pipeline is expected to reach 3.6 million sqm, translating to an average of 1.2 million sqm of new space each year. Given Singapore\u2019s strong industrial demand base, this pipeline appears manageable and is unlikely to create significant oversupply.<\/span><\/p>\r\n<p>\r\n\r\n<\/p>\r\n<p><iframe loading=\"lazy\" style=\"border: none; width: 350px !important; box-shadow: 0px 2px 12px rgb(11 17 52 \/ 15%); border-radius: 16px;\" src=\"https:\/\/www.99.co\/property-value-widget?contentSource=insider-blog&amp;contentId=singapore-commercial-and-industrial-property-market-q3-2025\" width=\"350\" height=\"370\" scrolling=\"no\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><\/span><\/iframe><\/p>\r\n<p>\r\n\r\n<\/p>\r\n<h3 id=\"h-investment-and-transaction-activity\" class=\"wp-block-heading\"><b>Investment and transaction activity<\/b><\/h3>\r\n<p>\r\n\r\n<\/p>\r\n<p><span style=\"font-weight: 400;\">Investment activity in the industrial segment remained healthy despite a modest slowdown. Transaction volumes dipped by about 5% yoy, based on caveats lodged, but still exceeded pre-pandemic averages.<\/span><\/p>\r\n<p>\r\n\r\n<\/p>\r\n<p><span style=\"font-weight: 400;\">Investor interest continued to centre on niche asset classes such as data centres, food production facilities, self-storage units, and properties that can be adapted for specialised uses. Many small and medium-sized enterprises also pursued ownership of their premises to ensure long-term stability and cost control.<\/span><\/p>\r\n<p>\r\n\r\n<\/p>\r\n<p><span style=\"font-weight: 400;\">With interest rates easing, the market has begun to see more favourable yield spreads and positive carry opportunities \u2013 factors that could encourage renewed investor participation in the quarters ahead.<\/span><\/p>\r\n<p>\r\n\r\n<\/p>\r\n<h3 id=\"h-outlook-for-the-rest-of-2025-and-early-2026\" class=\"wp-block-heading\"><b>Outlook for the rest of 2025 and early 2026<\/b><\/h3>\r\n<p>\r\n\r\n<\/p>\r\n<p><span style=\"font-weight: 400;\">Heading into the last quarter of 2025, the industrial market is expected to stay stable, supported by strong fundamentals and limited new supply.<\/span><\/p>\r\n<p>\r\n\r\n<\/p>\r\n<p><span style=\"font-weight: 400;\">Investor appetite is also likely to remain healthy, particularly in segments like prime logistics, data centres, and specialised manufacturing facilities, which continue to offer solid income potential.<\/span><\/p>\r\n<p>\r\n\r\n<\/p>\r\n<p><span style=\"font-weight: 400;\">As inflation cools and borrowing costs ease, you can expect a more favourable investment landscape, one that rewards stability and quality assets over speculative plays.<\/span><\/p>\r\n<p>\r\n\r\n<\/p>\r\n<h2 id=\"h-wrapping-up\" class=\"wp-block-heading\"><b>Wrapping up<\/b><\/h2>\r\n<p>\r\n\r\n<\/p>\r\n<p><span style=\"font-weight: 400;\">Our commercial and industrial property markets are holding steady despite a softer pace of growth.<\/span><\/p>\r\n<p>\r\n\r\n<\/p>\r\n<p><span style=\"font-weight: 400;\">The industrial sector remains the stronger performer, continuing to post positive rent and price movements while keeping vacancies low. Meanwhile, the office market, though slightly softer, is showing improved occupancy and resilience in the prime segment.<\/span><\/p>\r\n<p>\r\n\r\n<\/p>\r\n<p><span style=\"font-weight: 400;\">Across both markets, prime-grade and well-located assets remain highly sought after, while older properties face mild pressure as occupiers focus on quality and efficiency.<\/span><\/p>\r\n<p>\r\n\r\n<\/p>\r\n<p><span style=\"font-weight: 400;\">Overall, expect a cautiously optimistic outlook moving forward. With macroeconomic conditions improving, interest rates easing, and supply levels remaining under control, Singapore\u2019s property market appears well-positioned to maintain its balance into early 2026.<\/span><\/p>\r\n<p><\/p>","protected":false},"excerpt":{"rendered":"<p>Singapore\u2019s commercial and industrial property markets remained steady in Q3 2025, despite showing signs of moderated growth. Data from both the Urban Redevelopment Authority (URA) and JTC highlighted a softer quarterly performance, but the overall fundamentals stayed resilient. Vacancy rates continued to improve, rental demand remained firm, and investor interest stayed consistent. These trends unfolded&hellip;<\/p>\n","protected":false},"author":141,"featured_media":91554,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","_lmt_disableupdate":"no","_lmt_disable":"no","_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[53653],"tags":[59627,59628,54770,59626,58132],"persona":[57126,57128],"class_list":{"2":"type-post","15":"entry","16":"has-post-thumbnail"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v25.7) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>URA and JTC data show steady commercial and industrial property market in Q3 2025 - 99.co<\/title>\n<meta name=\"description\" content=\"Singapore\u2019s commercial and industrial property markets remained steady in Q3 2025, despite showing signs of moderated growth. 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