Strong economy lifts demand for JTC’s industrial space to new peaks

Demand for JTC’s industrial space jumped to a record 880,000 square metres in 2007, thanks to a strong economy.

Singapore’s largest industrial landlord said take-up for its ready-built facilities reached nearly 215,000 square metres. This was about 20 per cent higher than the record set in 2005.

A new high was also set for prepared industrial land with take-up at over 340 hectares.

Occupancy for ready-built facilities rose by five per cent to 93 per cent in 2007, while the occupancy rate for prepared industrial land reached 89 per cent. – CNA/vm

Source : Channel NewsAsia – 31 Jan 2008

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