Demand for JTC land, space down sharply
Net allocation of PIL falls 61% while that of RBF swings into negative territory
INDUSTRIAL landlord and developer JTC yesterday reported that net allocation of prepared industrial land (PIL) and ready-built facilities (RBF) declined sharply in 2013 from a year ago.
Net allocation refers to the total amount of land or space leased to companies (gross allocation) minus returns or terminations.
According to JTC's latest quarterly facilities report, net allocation of PIL (land offered by JTC for lessees to develop their own industrial facilities) fell by more than half (61 per cent) from 176.3 hectares in 2012 to 69.1 ha last year.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Singapore office rents in central region fall 1.7 per cent in Q1 after rising for 9 quarters
Singapore retail rents slip 0.4% in Q1 as vacancy rates creep up
Country Garden plans to present debt revamp plan in H2, sources say
Hong Kong home prices rise for first time in 11 months after curbs scrapped
HDB resale prices accelerate, rising 1.8% in Q1 on stronger demand
Private home prices ease to 1.4% rise in Q1; rents fall a further 1.9%