Chart of the Day: Prices of long tenure multiple-user factories up 2.1% in Q1

The industrial property segment saw very slight changes in median prices.

This chart from Knight Frank revealed that multiple-user factories with tenures 60 years and above, including 999-year leasehold and freehold assets, climbed 2.1% QoQ in median prices in Q1 after consecutive declines in the previous two quarters.

The multiple-user factory segment generally saw very slight changes in median prices: factories with tenures of 30-60 years recorded a dip in prices, whilst those with shorter tenure edged up.

Meanwhile, the number of tenancies in the industrial property segment crashed 37.6% QoQ to 1,223 transactions in Q1, the highest decline since Q4 2002 when business sentiments dropped from oil prices plummeting.