Since then, with tariffs increasingly shaping policy, “we recognise that businesses are facing significant adjustments. As supply chains realign, new manufacturing and trading hubs may emerge in response to shifting cost structures and market access considerations”, Mr Hilton said.

“Singapore continues to play an important role in this trade landscape, given its deep connectivity to markets in both the East and the West.”

DP World is not alone in its bullish outlook on Singapore’s logistics sector. 

Hong Kong asset manager ESR Group announced on May 8 that it will develop a new multi-storey warehouse and automated container depot in Jurong. This will bring its portfolio in Singapore to over 60 assets.

The 143,000 sq m Sunview Logistics & Container Hub will be one of the largest such facilities in Singapore when completed in 2027, said ESR.

The warehouse will provide customers with convenient access for goods movement via the new Tuas Mega Port and Tuas Checkpoint, ESR said, adding that most of the facility has already been taken up by anchor customers Allied Container Group and Ceva Logistics.

While it declined to reveal the development cost, ESR told ST that it has brought together a consortium of Japanese investors that will “play a crucial role in funding the development of Sunview Hub, having committed a sizeable investment in the asset and Singapore”.

The consortium comprises real estate companies Tokyu Land and Hulic, construction company Nishimatsu Construction, leasing company Fuyo General Lease, and investment bank Risa Partners. They will work in collaboration with cross-border investment services provider Tri Investment Management.

“The Japanese investors have shown strong confidence in the growth of the Asia-Pacific region and Singapore’s logistics sector,” ESR said.

These developments add to a recent wave of foreign investments into local logistics infrastructure, including the Maersk World Gateway 2, DB Schenker’s RedLion2, DSV Pearl and Sankyu’s Tuas Distribution Hub.

EDB’s Mr Goh noted a “notable uptick” in innovative greenfield warehouse projects, which are built from the ground up to optimise land use and integrate sustainability features.

Such efforts enable logistics players to better cater to the evolving supply chain needs of manufacturers and cargo owners across diverse industries, he said, adding that these new facilities will also create interesting jobs in technology and data analytics for Singaporeans.