Tuesday, April 25, 2006
JTC reports high demand for land allocation
SINGAPORE'S biggest industrial landlord, JTC Corporation, continues to report strong demand growth in the net allocation of Prepared Industrial Land and other segments for the first quarter of this year.
Thanks to strong growth in demand, the net allocation of Prepared Industrial Land shot up 158 per cent from the fourth quarter of 2005, to 124.9 hectares in Q106.
Most segments enjoyed growth, except the Flatted Factory Space sector. Its net allocation for Q1 fell to 1,100 sq m, from the previous quarter's 7,700 sq m, due to higher termination and weaker gross allocation.
Other than that, the Specialised Parks, Standard Factory, Stack-up Factory, Business Park and Technopreneur spaces all recorded growth.
Top of the table in terms of performance for Q1 is the Specialised Parks segment, which had a 17-fold jump in net allocation, hitting 91.2 ha, from 5.2 ha in the previous quarter.
The improvement, JTC said, was from an increase in gross allocation in logistics parks and Jurong Island, which accounted for 68 per cent of gross allocation of total Prepared Industrial Land, or 85.6 ha.
Net allocation for Standard Factory space more than doubled to 19,700 sq m, from the previous quarter's 8,700 sq m. It was also helped by there being no terminations, JTC said, so occupancy reached 92.4 per cent.
The net allocation of Stack-up Factory space also grew, from 8,100 sq m to 11,600 sq m, with occupancy improving by four percentage points to 63.7 per cent, while net allocation for Business Park space remained positive, despite an increase in termination to 2,800 sq m this quarter.
Occupancy in that segment rose three percentage points to 85.9 per cent.
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// posted by Shajahan @ 10:14 AM 