But PDD is debuting at a relatively soft period for the sector. According to JTC’s own quarterly market report, overall industrial rents in Singapore rose 0.3% q-o-q in 3Q2024, the slowest increase since 4Q2021.
Some 65% of PDD’s 175,000 sqm of business park and office space has been pre-committed, and tenants will start moving in from mid-2025. Could it give Changi Business Park a run for its money?
The first phase of JTC’s new Punggol Digital District (PDD) — eight towers of business park and mixed-use space across 12ha — will be fully constructed by 1Q2025. Some 65% of the 175,000 sqm of business park and office space has been pre-committed, and tenants will start moving in from mid-2025.
