Demand for JTC Corporation's industrial facilities has bounced back strongly in the second quarter. Net allocation of ready-built facilities – a key gauge for demand – jumped nearly nine-fold to 58,200 square metres in the April-to-June period.
This was up from the 6,700 square metres recorded in the first three months of this year.
JTC said this was mainly due to the increases in net allocation of flatted factory space and standard factory space.
Technopreneur space also grew in the quarter.
Occupancy for ready-built facilities improved to 89 percent – a touch better than the 88 percent recorded at the end of the first quarter.
JTC said net allocation for prepared industrial land remained positive at 64.4 hectares in the second quarter.
This was a third lower than the 95.7 hectares recorded in the first three months of the year.
According to JTC, the positive net allocation was supported by strong performance of gross allocation.
Occupancy for prepared industrial land reached 86 percent in the second quarter. -CNA/so
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