Tag Archives: JTC Corp

JTC Corp allocates more industrial land in Q1

Posted on 24 May 2012 | Comments Off on JTC Corp allocates more industrial land in Q1

JTC Corp has allocated more industrial land in the first quarter of this year.

In its quarterly facilities report, JTC said the net allocation of Prepared Industrial Land (PIL) in the first quarter has more than doubled to 67.9 hectares (ha) compared to the last quarter.

This is in line with the planned increase in land supply under the Industrial Government Land Sales (GLS) Programme for 16 industrial sites, in the first half of 2012.

The gross allocation almost doubled to 91.6 ha while terminations increased by 41 per cent to 23.7 ha.

The strong gross allocation during the quarter was supported by a 17 ha allocation to a specialty chemicals company on Jurong Island.

The Temporary Occupation Licence (TOL) Land accounted for 21.3 ha of net allocation while non-TOL Land accounted for 46.6 ha.

JTC also registered a healthy 95.9 per cent occupancy for its Ready-Built Facilities (RBF).

This is despite the occupancy level registering a marginal decline of 0.4 percentage points, compared to the last quarter.

The net allocation of RBF improved to 5,700 square metres (sqm) from -14,800 sqm.

Flatted factory net allocation also improved from -6,100 sqm to -400 sqm, while standard factory turned around with net allocation from -7,700 sqm to 3,800 sqm.

Source : CNA – 2012 May 23

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Posted in Government, Office / Retail / Industrial

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Singapore industrial property sector forecast to outperform all others

Posted on 25 May 2011 | Comments Off on Singapore industrial property sector forecast to outperform all others

Singapore’s industrial property sector looks to outperform residential, retail, and office property over the next few years, after a dynamite 2010 and first quarter of 2011.

Donald Han, vice-chairman of property consultants at Cushman and Wakefield, said capital values for industrial properties rose as much as 22 per cent last year.

“I think probably we’re going to see another 15-per-cent price increase this year. As long as the economy continues to do well and our manufacturing numbers continue to expand, I think we’ll have another good 24 months of steady rental increase plus capital value enhancement as well,” said Han.

Demand is also coming from investors and speculators moving into the industrial space from the residential market due to the Government’s measures to cool the market for the latter, Han added.

Another attraction is the affordability of industrial properties compared to residential ones. Han said: “You can buy very affordable units for about 1,000 to 1,500 square feet at prices of about S$300 to S$350 per square foot (US$240-280), which translates to less than S$0.5 million (US$400,000). If you look at the residential projects, for S$0.5 million you really can’t buy much, not even shoebox units.”

The Urban Redevelopment Authority yesterday launched the tender for an industrial site at Tuas View Square, Today newspaper reported. Available for sale through the Reserve List system since November, the tender was triggered when a developer committed to bid no less than S$4.9 million (US$3.9 million) for the land parcel on a 45-year lease.

The 0.4 hectare site has a gross plot ratio of 0.9 and is zoned for Business 2 development, meaning it can be developed for various facilities such as light industry, general industry, warehousing, utility or telecommunication uses. The tender closes on June 29.

Meanwhile, JTC Corp has awarded the tender for a business park site at Biopolis to Ascendas Venture, a wholly-owned subsidiary of Ascendas Land Singapore. The company submitted the highest bid of S$87.2 million (US$69.8 million) for the site, part of the fifth phase of Biopolis, which is expected to be completed in 2013.

Source : PRSEA – 25 May 2011

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Posted in Property Market / Real Estate

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