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Positive effects seen of JTC policy changes
Property players say it'll curb speculators, benefit genuine users
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Kalpana Rashiwala
Published Thu, Dec 5, 2013 · 10:00 PM
[SINGAPORE] Market watchers say the latest changes in JTC policies will benefit genuine industrial users but discourage property speculators.
From Nov 15, JTC will lengthen the prohibition period for lease assignments and increase the minimum occupation period for anchor tenants who do sale and leaseback arrangements.
Savills Singapore research head Alan Cheong said: "With the lengthening of the assignment prohibition period, the authorities probably would want to ensure that industrialists who lobbied for premises stay committed and embedded in their professed trade and not lose their focus to real estate as a source of profits.
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