Demand for JTC Corporation's industrial facilities continued to push ahead in the third quarter. Net allocation for ready-built facilities - a key gauge for demand - amounted to 75,100 square metres, a 29 percent increase from the previous three months.
Growth was broadly-based with the flatted factory segment registering a two-fold increase in net allocation to 54,000 square metres.
The strong overall net allocation pushed the occupancy rate for ready-built facilities to 91 percent from 89 percent.
However, net allocation for prepared industrial land continued to drop. For the third quarter, this amounted to 56 hectares, down 13 percent from over 64 hectares in the previous quarter. - CNA /ls
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