Commercial Property Price Index
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Latest quarter-on-quarter change (URA data)
Placeholder until the latest URA commercial property price index release is verified.
Commercial & Industrial Property Market Update
Monthly, evidence-based analysis of Singapore's commercial and industrial property market — sourced from URA, JTC, SLA and data.gov.sg. Numbers-first insights to help you buy, sell or lease with confidence.
This update compiles the latest publicly available figures from Singapore's official property agencies. All indices, transaction counts and notable deals are sourced from URA, JTC, SLA and data.gov.sg, then presented in plain English with the caveats and limitations that come with aggregate data. Please verify current figures against the original sources and speak with a qualified property professional before making any decision.
All content is for general information only and does not constitute legal, tax, financial or investment advice. Readers should verify all figures with the original sources and seek professional advice before making any property decision.
Executive Summary
Industrial Property Price Index
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Latest quarter-on-quarter change (JTC data)
Placeholder until the latest JTC industrial property price index release is verified.
Rental Indicator
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All-sector rental trend (URA / JTC rental indices)
Placeholder until the latest URA and JTC rental index data is verified.
Transaction Volume
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Recent commercial and industrial transaction count
Caveat: data is provisional and may be revised.
Note: Figures are placeholders. Verified values will be sourced from URA, JTC, SLA and data.gov.sg before publication.
Where the Data Comes From
We draw on Singapore's official public datasets so you can trace every number back to its source.
Urban Redevelopment Authority (URA)
REALIS data, property price and rental indices, and caveat transaction records for commercial property.
JTC Corporation
Industrial property price and rental indices, industrial transaction statistics.
Singapore Land Authority (SLA)
Land lease tenure, state property transactions and government land sales data.
data.gov.sg
Open datasets for planning, land use and economic indicators relevant to property demand.
Methodology
We compile data from publicly available URA, JTC, SLA and data.gov.sg releases. Figures are rounded for readability and compared against prior periods where applicable. Please note that each agency reports with different classification rules and release schedules, so not all series line up perfectly.
- Price and rental indices are aggregate measures and may not reflect individual buildings or units.
- Transaction counts depend on caveat lodgement timing; some deals are reported after completion or may be revised.
- Notable transactions are selected from reported caveats, business news and agency records, then verified where possible.
- Data is current as of the latest available release and is subject to revision.
Transaction Activity
Caveat-based sales and leasing volume across office, retail, shophouse, B1 and B2 industrial segments.
| Segment | Period | Number of Transactions | Median Price | Notes |
|---|---|---|---|---|
| Office | Latest available period | — | — | Placeholder pending URA caveat verification. |
| Retail | Latest available period | — | — | Placeholder pending URA caveat verification. |
| Shophouse | Latest available period | — | — | Placeholder pending URA caveat verification. |
| B1 Industrial | Latest available period | — | — | Placeholder pending JTC / URA verification. |
| B2 Industrial | Latest available period | — | — | Placeholder pending JTC / URA verification. |
Transaction volumes are reported as placeholders. When verified, an upward trend may indicate stronger investor confidence, while a slowdown can reflect tighter credit conditions, supply delays or a wait-and-see approach from buyers.
Limitation: Not all transactions are captured immediately; caveats may be lodged after completion, and some strata or bulk deals are reported differently.
Rental Indicators
How asking and achieved rents are moving across key commercial and industrial submarkets.
Office (CBD / City-Fringe / Decentralised)
$X–$Y psf/mth
Placeholder range; to be verified against URA rental data.
Trend TBC
Office rents in the CBD are currently reported as stable pending verified data release.
Retail / F&B Shophouse
$X–$Y psf/mth
Placeholder range; to be verified against URA rental data.
Trend TBC
Retail and F&B shophouse rents remain location-sensitive and will be verified against URA data.
B1 Light Industrial / Business Park
$X–$Y psf/mth
Placeholder range; to be verified against JTC rental data.
Trend TBC
B1 light industrial rents are reported as flat pending verified JTC rental index data.
B2 Factory / Warehouse / Logistics
$X–$Y psf/mth
Placeholder range; to be verified against JTC rental data.
Trend TBC
B2 industrial rents are reported as stable pending verified JTC rental index data.
Note on effective rents: Quoted rents often differ from net effective rents after incentives, fit-out contributions, rent-free periods and management charges. Always confirm gross versus net terms, lease structures and renewal options with the landlord or your advisor.
Notable Transactions
Selected sales, leases and portfolio deals that illustrate current market direction.
Property Name / Address Placeholder
District / Area Placeholder
To be verified
Price / Rent placeholder
Reported transaction pending caveat verification.
Property Name / Address Placeholder
District / Area Placeholder
To be verified
Price / Rent placeholder
Reported transaction pending caveat verification.
Property Name / Address Placeholder
District / Area Placeholder
To be verified
Price / Rent placeholder
Reported transaction pending caveat verification.
Note: Details are placeholders. Actual notable transactions will be sourced from URA caveat data, business news and agency records.
Submarket Snapshot
CBD Office
Overview of CBD office demand, supply and pricing will be inserted here once verified data is available.
- Placeholder observation: Grade-A vacancy and rents are stable pending URA release.
- Placeholder observation: Flight-to-quality continues to influence tenant decisions.
- Placeholder observation: New completions in the pipeline may affect effective rents.
Watchpoint: Supply pipeline and interest-rate movements remain key watchpoints.
City-Fringe / Decentralised Office
Overview of city-fringe and decentralised office markets will be inserted here once verified data is available.
- Placeholder observation: SMEs continue to evaluate decentralised options for cost efficiency.
- Placeholder observation: Business park demand is linked to sector growth and hybrid-work policies.
- Placeholder observation: Transport connectivity influences rent premiums.
Watchpoint: Supply pipeline and interest-rate movements remain key watchpoints.
Retail & Shophouse
Overview of retail and shophouse performance will be inserted here once verified data is available.
- Placeholder observation: Tourism recovery and footfall trends affect prime retail rents.
- Placeholder observation: F&B shophouse rents remain patchy by location and frontage.
- Placeholder observation: Investor interest in conservation shophouses is selective.
Watchpoint: Consumer sentiment and operating costs remain key watchpoints.
Business Parks
Overview of business park activity will be inserted here once verified data is available.
- Placeholder observation: Tech and R&D tenants drive selective demand.
- Placeholder observation: Rents vary by location, build quality and floorplate efficiency.
- Placeholder observation: Lease structures often include longer terms and renewal options.
Watchpoint: Corporate expansion plans and policy incentives remain key watchpoints.
B1 Industrial Areas
Overview of B1 light industrial markets will be inserted here once verified data is available.
- Placeholder observation: SMEs and startups favour B1 space for flexibility.
- Placeholder observation: Business park–style B1 developments command rent premiums.
- Placeholder observation: Accessibility and loading facilities affect usability.
Watchpoint: Interest rates and SME confidence remain key watchpoints.
B2 Industrial / Logistics / Manufacturing
Overview of B2 industrial, logistics and manufacturing markets will be inserted here once verified data is available.
- Placeholder observation: Logistics and warehouse demand is tied to supply-chain shifts.
- Placeholder observation: Manufacturing space demand varies by sector and automation needs.
- Placeholder observation: Ceiling heights, loading bays and power supply are critical selection factors.
Watchpoint: Supply chain trends and land-use policy remain key watchpoints.
Past Market Updates
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September 2026 Market Update
Commercial and industrial activity held steady as investors awaited fresh URA and JTC releases.
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August 2026 Market Update
Transaction volumes were modest; rental indices showed mixed signals across office and industrial segments.
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July 2026 Market Update
Industrial leasing outperformed broader expectations while commercial sales remained selective.
Market Update FAQs
How often is this market update published?
Monthly, after official data releases from URA, JTC, SLA and data.gov.sg are reviewed.
Where does the data come from?
URA, JTC, SLA and data.gov.sg. Each source covers different aspects of Singapore's commercial and industrial property market.
Are the transaction figures complete?
No. Transaction figures depend on caveat lodgement and reporting lag. Some deals may be reported after completion, and revisions can occur.
Can I rely on the indices to value a specific property?
Indices are broad market indicators. A specific valuation requires a professional appraisal that considers the individual building, unit, tenure, condition and comparable transactions.
Why are some numbers shown as placeholders?
The page is built to accept verified figures. Placeholders are used until official data is updated each month.
How do I get a tailored market briefing?
Contact Cindy Chua via WhatsApp or the contact form for a personalised discussion about your district, building or segment of interest.
Get the Latest Numbers for Your Next Move
Receive a tailored market briefing or ask Cindy about a specific district, building or segment.
What This Means for Buyers, Sellers and Landlords
Buyers / Investors
Wait for verified data before committing. Compare asking prices against recent caveats, account for stamp duty, financing costs and renovation needs, and stress-test your yield assumptions under different interest-rate scenarios.
Sellers
Price based on actual transactions, not listing prices. Factor in likely market exposure time, condition premiums or discounts, and whether current financing costs are narrowing the buyer pool.
Landlords / Tenants
Understand gross versus net effective rents, incentives, fit-out contributions and lease structures. Review renewal options, rent-review clauses and service-charge escalations before signing.
Risks & Limitations