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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