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Demand for JTC land, space down sharply

Net allocation of PIL falls 61% while that of RBF swings into negative territory

Published Thu, Feb 13, 2014 · 10:00 PM
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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…

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