Total sales hit over S$1.4 billion during the quarter.In Singapore’s industrial sector increased by more than sixfold from S$229.8 million in Q1/2025 to S$1.44 billion in Q2/2025, according to a recent Savills report.
“The robust growth was mainly bolstered by S-REITs’ continuous acquisitions and divestments to reshape their portfolios amidst the current combination of favourable market conditions—declining interest rates and institutional appetite for large and diverse portfolios,” the report said.
Here’s more from Savills:
In May, MIT divested three industrial properties, namely The Strategy, The Synergy and the Woodlands Central Cluster, to Brookfield Asset Management for S$280.0 million, S$120.1 million and S$135.2 million, respectively.
Both The Strategy and The Synergy are located within the International Business Park in Jurong East. The Strategy features two six- and twelve-storey towers connected by an atrium lobby, with a total gross floor area (GFA) of 725,171 sq ft.
The Synergy consists of a 10-storey tower and a five-storey podium, providing a GFA of 445,231 sq ft. The third asset, Woodlands Central Cluster located at Marsiling Industrial Estate, includes two buildings with a combined GFA of 601,674 sq ft and has been repositioned as a hub for biomedical and medical technology firms.
In the same month, CLAR acquired two industrial assets: a six-storey data centre at 9 Tai Seng Drive for S$455.2 million and a business park property at 5 Science Park Drive for S$245.0 million. Known as GIEO-Tele Centre, the Tai Seng asset is a carrier neutral Tier III colocation data centre that is fully committed by well-established end users in the digital, e-commerce and financial services industries.
Meanwhile, 5 Science Park Drive, part of the “Geneo” life sciences and innovation cluster in Singapore Science Park 1, served as the regional headquarters for Shopee, a leading e-commerce platform in Southeast Asia and Taiwan. These acquisitions are expected to deepen CLAR’s presence in Singapore, particularly within the technology sector.
