JTC clamps down on industrial subletting

[SINGAPORE] Industrialists who build their properties on JTC land and become the major occupiers of that space will soon have to take up at least 70 per cent of the total gross floor area (GFA), up from 50 per cent currently.

This means they can lease out only 30 per cent of the space instead of half of it.

Another change is that tenants who rent industrial space direct from JTC will be barred from subletting any of that space.