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Borrowing Costs After a Record Year

Five takeaways on SORA, commercial loan rates and a record investment total, per Stacked Homes.

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Financing costs sit beside the price in any industrial purchase, and Stacked Homes published a fresh set of them on 9 October 2026, alongside a record investment total. Five takeaways follow, each limited to what the reported figures show. Every number below is attributed to that outlet and stands as reported, without projection.

  1. The benchmark is low next to other markets. Stacked Homes reported SORA at about 1.2%, against nearly 4% in the US, 3.75% in London and 4.35% in Sydney.
  2. Commercial loan pricing has moved within a narrow band. A mortgage broker told Stacked Homes that the commercial property loan rate was 1.08% at the start of 2026, about 1.04% by mid-2026 and 1.20% at the time of the report, so the rate eased by 0.04 percentage points by mid-year and then rose by 0.16 points.
  3. Larger loans carry a higher rate. The same broker, as reported by Stacked Homes, quoted about 1.6% to 1.7% for larger loan quanta.
  4. Deal volume is at a record. According to Stacked Homes, big-ticket transfers reached S$42.4 billion in the first nine months of 2026, above the S$40.7 billion of all 2025 and the S$35.5 billion of 2017.
  5. Timing may press on negotiations. Stacked Homes quoted the consultancy as saying that rate-hike expectations may motivate parties in negotiation to complete deals by year-end, and as expecting the year to close near S$50 billion.

The quarterly pattern fills in the volume picture. Stacked Homes listed S$16.2 billion for the first quarter, S$15.5 billion for the second and S$10.7 billion for the third. Industrial investment activity doubled from the second quarter to the third, led by government land sales, according to Stacked Homes.

Sector moves round out the reading. Commercial volume decreased in the third quarter after leading since the end of 2025, and Stacked Homes named the S$1.1 billion purchase of Wheelock Place by a fund as one top commercial deal. Hospitality recorded one deal in the quarter, the S$134 million acquisition of Coliwoo Midtown by CapitaLand Ascott Trust, and seven hotel deals worth S$1.5 billion across the nine months, according to Stacked Homes.

For context on the cycle, Stacked Homes recalled that volumes fell from S$30.9 billion in 2022 to S$21.1 billion in 2023. The 2026 totals therefore come after a lower year, and the year-end figure near S$50 billion is reported by Stacked Homes as an expectation, not a result.

Harrison Food Building Within the Industrial Flow

Harrison Food Building is a freehold, strata-titled food factory at 7 and 9 Harrison Road in Tai Seng, District 13, delivered by Powermatic Data Systems Ltd. Its eight storeys hold 42 strata production units on Levels 2 to 8 and a Level 1 canteen, with a full vehicular ramp to every floor and Tai Seng MRT (CC11) about a five-minute walk away. Units are available, with an estimated TOP of 2028, and the location page maps the Tai Seng setting from the homepage outward.

Source: Stacked Homes. Message the Sales Concierge for a stack-specific quote.

General information only, not financial or legal advice.

Source: Stacked Homes. This article is independent commentary; Harrison Food Building is not affiliated with the parties mentioned.