TO support the beleaguered offshore and marine (O&M) industry through a protracted downturn, JTC has given between 3 per cent and 10 per cent in rental rebates to all its O&M tenants and lessees for 2017. This marks the first rental rebate for industrial properties in Singapore since the global financial crisis in 2009. While the industry welcomed the move, some have questioned how far it would go...
JTC
No significant market impact or policy changes are expected from the announced transfer of industrial units and industrial land leases from the Housing & Development Board (HDB) to JTC Corporation, especially since there will be no change to the contracted terms and conditions of existing HDB industrial tenancies and leases. But what's notable is the beefing up of JTC's role as an industrial landlord...
JTC on Wednesday (Feb 11) broke ground for the first industrial development in the Republic that will house companies within the entire manufacturing value chain when it is completed in 2017. The development, JTC @ Space, is sited on a 6.4-hectare land in Tuas, and will have seven land-based factories on the ground floor for heavy manufacturing activities such as those in the oil and gas sector. There...
Industrial estate manager JTC Corporation will be creating more space to groom Singapore's start-up companies under its LaunchPad initiative. Three new blocks of buildings will be built in one-north to house 250 start-ups. This adds 12,000 square metres of space to three existing start-up blocks, which were officially launched by Prime Minister Lee Hsien Loong on Friday (Jan 23). The next 'LaunchPad'...
JTC Corporation is joining hands with the Sustainable Energy Association of Singapore (SEAS) to work on energy efficiency solutions for buildings in JTC's business parks and industrial estates. The two partners signed a memorandum of understanding (MOU) on Tuesday (June 3). They plan to co-develop energy efficient solutions, such as harnessing solar energy, converting manufacturing waste to energy and...
Businesses looking to buy or rent industrial properties in Singapore will be able to make more-informed decisions on where to look and how much they should be paying, following JTC’s move to make available more-detailed information on current trends in a bid to introduce more transparency into the market. The move comes as concerns have been raised about the cost of commercial property in Singapore,...
Small- and medium-sized enterprises (SMEs) can look forward to more innovative industrial developments from JTC Corporation. Outlining its plans for the future, JTC says the 16 projects it is working on are expected to add 800,000 square metres of multi-user space by 2017. JTC also expects industrial rents to continue to moderate in the coming years. JTC is the lead industrial infrastructure...
JTC has unveiled a next-generation standard factory targeted at small and medium enterprises (SMEs) in the manufacturing sector. About 40 per cent of the 18 units available have been taken up within the first year of the project's completion. Known as Small Footprint Standard Factories, these three-storey units make more intensive use of land, thereby reducing land cost. The government said it...
JTC Corporation (JTC) has launched the sale of a plot of industrial land at Loyang Way by public tender on Thursday. JTC said the site has a land area of 20,633 square metres, and is zoned for Business-2 development. This means the plot can be used for industry and warehouse purposes. The land parcel has a tenure of 30 years and gross plot ratio of 2.5. Developers have up to 84 months to complete...
Senior Minister of State for Trade and Industry Lee Yi Shyan said JTC Corporation has been gradually phasing out the scheme for housing of foreign talent (SHiFT). Mr Lee explained that the scheme was started in 1997 to address the lack of affordable housing for foreign talents. He said in those days, HDB owners could only rent out rooms and not the entire flat, to locals and foreigners alike. But this...