Friday, November 03, 2006
[RealEdge] BT : Fall in JTC's net allocation of land, facilities
| Published November 3, 2006  | |
| Fall in JTC's net allocation of land, facilities
By UMA SHANKARI
JTC Corporation' Net allocation of prepared industrial land (PIL), which makes up the bulk of JTC's portfolio, fell 63.9 per cent to 24.5 hectares from 67.9 ha in the previous quarter, said JTC in a report released yesterday. Similarly, JTC's supply of ready-built facilities saw a drop in the take-up rate. Net allocation of ready-built facilities fell 43.1 per cent to 24,400 square metres, from the last quarter's 42,900 sq m. But the positive net allocation pushed up the occupancy rate to 87.3 per cent, from 85.4 per cent previously. The drop in net allocation for PIL was due mainly to increased termination. Termination rose from 18.2 ha in the second quarter to 21.6 ha in the third, up 18.7 per cent. The electronics cluster accounted for 80 per cent of terminations and the logistics cluster, 8 per cent. Within the ready-built segment, net allocation of stack-up factory space fell to 500 sq m, from the 16,600 sq m achieved in the second quarter. However, flatted factory space and standard factory space remained in hot demand. Take-up of flatted factory space improved in the third quarter, resulting in net allocation more than trebling to 11,100 sq m, from 3,400 sq m in the previous three months. This was mainly due to a rise in gross allocation while termination levels remained relatively unchanged, JTC said. Net allocation of standard factory space also rose marginally - by 300 sq m from the previous quarter to 11,500 sq m in Q3. Meanwhile, net allocation of business park space fell to 700 sq m in Q3, from 11,300 sq m previously. As a result, occupancy rate remained at 88 per cent. Net allocation of technopreneur space grew to 600 sq m in Q3 from 400 sq m in Q2, representing positive growth for the sixth consecutive quarter. |
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