JTC’s net allocation of prepared industrial land rises 5% in Q2

JTC Corporation on Wednesday said its net allocation of prepared industrial land rose 5 per cent to 24.4 hectares in the second quarter of this year.

That is up from the 23.2 hectares achieved in the previous quarter.

According to JTC’s Quarterly Facilities Report, healthy take-up by chemicals-related companies on Jurong Island provided support for the quarter’s performance.

Gross allocation in the quarter fell by 25 per cent to 45.8 hectares from 61 hectares in the first quarter.

However, a significant 43 per cent decline in termination to 21.4 hectares from 37.8 hectares in the previous quarter resulted in an improved net allocation.

In JTC’s ready-built factory or RBF segment, net allocation was marginally negative in the second quarter at minus 2,700 square metres, compared to plus 9,400 square metres in the first quarter.

JTC said that while the Flatted Factory and Business Park segments contributed positive performances, the Standard Factory segment was affected by higher termination and recorded negative net allocation of minus 8,000 square metres.

Overall, the RBF occupancy rate remained healthy at 97.4 per cent in the second quarter, although this was a slight 0.1 percentage point drop compared to the previous quarter.

Source : Channel NewsAsia – 18 Aug 2010

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