Average capital values of prime freehold ground floor factory spaces up 0.7%

Price hike after halting in 1Q13.

According to Colliers International, the average capital values of prime freehold ground- and upper-floor factory premises resumed their upward trend in 2Q 2013, after halting momentarily in 1Q 2013 – gaining 0.7 per cent and 1.5 per cent to S$718 per sq ft and S$658 sq ft, respectively. 

The report also said that the average capital values of prime freehold conventional warehouse space – where supply remained scarce – rose for the fifth consecutive quarter to S$656 per sq ft for ground-floor space and S$581 per sq ft for upper-floor space. 

"The increases were at a slightly faster pace at 1.1 per cent for ground-floor space and 0.9 per cent for upper-floor space, compared to 0.8 per cent and 0.7 per cent, respectively, in 1Q 2013," Colliers International said.