http://www.businesstimes.com.sg/brea...te-q4-20140124

Overall occupancy rates of Singapore's industrial property market fell by 0.8 percentage points on a quarter-on-quarter basis to 91.9 per cent in the fourth quarter 2013, as a 1.5-per-cent increase in supply outstripped a 0.6 per-cent increase in demand.
For the multiple-user factory segment, occupancy rates fell by 1.5 percentage points to 88.6 per cent, as a 2.3-per-cent increase in supply outstripped a 0.6-per-cent increase in demand.
"This decline in occupanct follows an increase in the supply of industrial land and space by the government in recent years, in response to escalating prices and rentals,"JTC Corporation said.
Prices and rentals of industrial space also moderated in Q4 of last year.