Industrial Rents in Brief: 2Q Digest

Industrial Market · 2026-10-01

For readers short on time, here is the second-quarter 2026 industrial picture as reported by EdgeProp Singapore, in three points and a verdict.

• Rents are at a three-decade high. The rent index gained 0.5% in the quarter, taking it to a level last seen in 1996, with 23 straight quarters of growth since the third quarter of 2020 and a cumulative 27.2% rise. The all-industrial price index also rose, by 0.6% on the quarter and 3.8% over a year.
• Segments differ. Single-user factories rose 0.7% in rent, multi-user factories 0.6% and warehouses 0.5%, while business parks slipped 0.1% with just 77.9% occupancy. Factory and warehouse occupancy ran around 89% to 91%.
• Supply is coming, with a different mix. About 4.4 million sq ft completes in the second half of 2026, with single-user factories at 53% and warehouses at 46.9%. Multi-user factories are roughly 0.1% of it. The report credits AI-related manufacturing and electronics expansion for much of the demand.

The verdict: conditions are firm for factory and warehouse space, but they are strongest in some segments and thinner in others. A national figure is a starting point for questions, not an answer, and the third-quarter data will show whether the pattern holds.

Where Sengkang Connection fits

Sengkang Connection is a pre-launch B2 general industrial strata development in Sengkang West by Soilbuild Group. It sits on a 23,196.6 sqm site under a 33-year JTC leasehold, rises eight storeys, and has completion scheduled for the first quarter of 2029. Unit mix and pricing have not yet been released, and registration for the preview list is open.

Because details are still to come, there is little to compare yet beyond tenure, scale and timeline. Readers who want to be notified when the unit mix is published can register interest, and the project details page carries the information confirmed so far.

It also helps to keep the calendar in mind. Completion is scheduled for early 2029, which leaves a long stretch in which rents, prices and supply can all change. The second-quarter numbers are useful context for today's conversations, but they are not a forecast for the year the project is due to finish, and nobody should treat them as one.

What to watch before launch

Because the unit mix and pricing have not been released, the sensible things to watch are the announcement of unit sizes, the pricing guidance when it arrives, and the next round of industrial data. When those arrive, compare them against the same categories used above: rent growth, occupancy and the supply schedule. Registering for the preview list does not commit anyone to a purchase. It simply means being among the first to receive the numbers.

General information only, not financial or legal advice.

To join the preview list for Sengkang Connection, register your interest here.

Source: EdgeProp Singapore. This article is independent commentary; Sengkang Connection is not affiliated with the parties mentioned.