JTC Corporation has reported a record take-up of some 246,300 square metres of its ready-built space last year, surpassing the previous record seen in 2005. The bouyant industrial property market last year helped JTC to book a record surplus of S$1.183 billion, up 50 per cent from 2006. The numbers were also boosted by impairment loss write-backs of nearly S$159.4 million on its properties. But JTC has...
Ready-built Facilities
JTC has achieved a record occupancy level for its ready-built facilities in the first quarter of 2008. Net allocation was 38,400 square metres, six-fold higher than the same period last year. In its quarterly report, JTC said this helped to boost the occupancy level for ready-built facilities by 1.3 percentage points to 93.9 percent. Termination level, however, has gone up as well - to 51,100 square...