New 8-storey furniture hub to be built by end-2018

A new eight-storey furniture hub will be built by the end of 2018, Minister for Trade and Industry (Trade) Lim Hng Kiang announced on Thursday (Mar 3).

The JTC Furniture Hub @ Sungei Kadut will occupy a 2-hectare site and include features such as concept stores and the opportunity to testbed new e-fulfillment business models. It aims to foster a better ecosystem through the clustering of both furniture and furniture-related companies.

JTC Chief Executive Officer Png Cheong Boon said the Furniture Hub will “play an important role in the transformation of Singapore’s furniture industry”.

“The clustering of different players in the furniture industry at the Hub will allow companies to tap on each other’s competencies, share resources and foster collaboration, thereby enhancing the industry’s overall competitiveness,” he added.

JTC also signed a memorandum of understanding with the Singapore Furniture Industries Council to set up a Furniture & Furnishings Experience Centre within the Furniture Hub.

The 10,000sqm centre will comprise facilities such as a trade showroom, training institute and an e-commerce fulfillment centre.

Source : Channel NewsAsia – 1 Mar 2016

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