That said, overall pricing held firm. Values of 30-year leasehold industrial assets edged down 0.6% q-o-q to $353 psf, while 60-year leasehold assets rose 1.4% q-o-q to $569 psf. Freehold industrial properties outperformed, rising 2.5% q-o-q to $876 psf.
Strata industrial sales in 1Q2026 declined 17.5% q-o-q to 335 deals — the lowest level since 2020 — with pricing diverging sharply by tenure, and freehold assets outperforming as investors opt for “longer-term value preservation”, according to Savills Singapore.
“The subdued turnover reflects continued buyer selectivity, with capital deployment largely concentrated in assets offering stronger fundamentals, longer-term value preservation or operational advantages,” says Savills’ industrial report on May 13.
