Positive Performance for JTC’s Ready-Built Facilities and Prepared Industrial Land

 1.         Singapore, 31 July 2007:       JTC saw a strong return in the net allocation for its Ready-Built facilities, from 6,700 sqm in the 1Q 2007 to 58,200 sqm in 2Q 2007, raising the overall occupancy rate for Ready-Built facilities by 1% to 89%. The positive performance was the result of a two fold increase in the gross allocation from 52,000 sqm in 1Q 2007 to 105,800 sqm in 2Q 2007.

2.         Net Allocation for Prepared Industrial Land (PIL) remained positive at 64.4 ha in 2Q 2007, easing from a high of 95.7 ha in the last quarter. The positive net allocation was supported by strong gross allocation of 72.3 ha and low termination (7.9 ha).  Occupancy rate for PIL reached 86% in 2Q 2007.  Key segments that saw significant growth included the Tuas Biomedical Park and Wafer Fab Park, with a net take-up of 19.9 ha and 16 ha respectively in the quarter.

3.         Key Performance Highlights of JTC’s Ready-Built Facilities

a.         Flatted Factory Space (FF Space)     A strong take up was registered in the net allocation of 27,800 sqm for FF space, compared to the negative net allocation of 2,000 sqm registered in 1Q 2007. The positive net allocation was due to strong gross allocation of 59,800 sqm, while terminations remained at 32,000 sqm in this quarter. As a result, demand for FF space grew by 2.5% to 1.11 mil sqm in 2Q, pushing occupancy rate up by 2 percentage points to 78%. Local companies accounted for 87% of the total new allocation for FF space.

b.         Technopreneur Space (TP Space)     Occupancy of TP space reached a high of 85% in 2Q 2007, registering an 11% quarter-on-quarter increase. Demand for TP space rose to 12,800 sqm, registering a 14% quarter-on-quarter and 41% year-on-year increase. This was contributed by a strong gross allocation of 2,400 sqm and low termination of 600 sqm.

c.         Business Park Space (BP Space)      Occupancy for BP space maintained high at 93%, with demand and supply remaining stable over the quarter.  Net allocation for BP space slipped to 700 sqm in 2Q 2007. Gross allocation eased to 2,700 sqm, while termination declined to 2,000 sqm in the same quarter.

 d.         Standard Factory (SF Space)            Gross allocation for SF space  registered a 4.5 times increase over the last quarter to 23,500 sqm in 2Q, 2007. Termination remained low at 1,600 sqm, resulting in a high net allocation of 21,900 sqm. With the strong net take-up, demand rose to 2.36 mil sqm, pushing occupancy rate for SF space to 97%. 

e.         Stack-up Factory Space (SS Space) Occupancy rate of SS space increase to 76%, a 2%-point increase over the quarter. This is a result of strong demand of 209,100 sqm, while supply remained constant.  Gross allocation registered a 78% increase, to 17,400 sqm in the quarter.  Termination stood at 11,400 sqm resulting in a net allocation of 6,000 sqm in 2Q 2007.

 Prepared Industrial Land (PIL)

4.         Generic Land             Net allocation for Generic land rose 33% to 24.4 ha in 2Q 2007.   This was due to an increase in gross allocation to 28.2 ha while termination declined 55% to 3.8 ha from 1Q. Local business’ share of Generic land take-up continued to grow to 89%, a 12% increase from 1Q 2007.

 5.         Specialised Parks        Following its strong performance in 1Q 2007, the net allocation for this segment eased to 40 ha in 2Q. This was a 34% jump above the 30 ha of net allocation vis-à-vis the same quarter last year.  Gross allocation was 44.2 ha and termination was low at 4.1 ha in the quarter. Tuas Biomedical Park and Wafer Fab Park accounted for 45% and 41% respectively of the overall gross allocation of the Specialised Parks in 2Q. 

 Full Industrial Facilities Performance Report

 6.         The full Industrial Facilities Report for 2Q 2007 can be downloaded from the JTC website at www.jtc.gov.sg. It is also available from JTC's Corporate Research and Knowledge Management Department through Ms Phylis Fan (Tel: 6883-3085 / Fax: 6885-5678 / Email: fanytp@jtc.gov.sg).   

Annex A (Glossary)

Business Park

A business park is an area specifically set aside for non-pollutive industries and businesses that engage in high-technology, research and development, high value-added and knowledge intensive activities.

Business Park Space

JTC's ready-built facilities at the International Business Park, Jurong Town Hall, Phase Z.Ro, Changi Business Park and Biopolis. They cater mainly to the needs of new industries that are engaged in high value-added and knowledge-based activities.

Demand

Refers to cumulative net take-up of land or space

Flatted Factory

A type of ready-built factory that is generally medium to high-rise and housed multiple tenants/lessees sharing common facilities like car parks, loading/unloading areas and cargo lifts.

Gross Allocation

Land or space that is leased or rented to companies during a reference period.

Net Allocation

Gross allocation less termination of land or space.  

Occupancy Rate (Of Space)

Total space occupied as a proportion of total stock of space as end of a reference period.

Prepared Industrial Land

A type of JTC product referring to land that is made ready for lessees to develop their own industrial facilities. The land is normally provided with road access/frontage, main storm drain, water and sewer mains at its perimeter.

Ready-Built Facilities

Types of JTC products referring to factories that are built in anticipation of demand to allow lessees/tenants quick start-up and operation. The current JTC portfolio includes Standard, Flatted, Ramp-Up, Stack-Up Factories, Warehouses, Business Park Space and Technopreneur Space.

Stack-up Factory

A type of ready-built factory that consists of 2-storey factory units stacked on top of each other. It offers the same ground floor conveniences of a low-rise landed factory.

Standard Factory

A type of ready-built factory that is typically low-rise and meant for a single tenant. The building can be designed as a detached, semi-detached or terrace unit. 

Supply

Refers to the stock of land or space available.

Technopreneur Space

A facility specifically designed for technology-based activities. JTC currently has two such facilities: Technopreneur Centre located at 20 Ayer Rajah Crescent (storey 7,8 and 9) and 1003 Bukit Merah Central (storey 4,5 and 6).

Termination

Land or space returned to JTC during a reference period.

About JTC Corporation

 JTC Corporation (JTC) is the lead agency in Singapore to develop key industrial facilities and vibrant industrial space, in support of the nation's economic development. Currently, the Corporation has under its management many developments including four wafer fab parks and an advanced display park, two business parks, a chemicals hub at Jurong Island, biomedical parks in Tuas as well as logistics hubs for aerospace, chemical and general warehousing industries. 

 JTC also plays a catalytic role in sourcing and introducing leading edge real estate solutions – such as specialised research facilities and underground caverns -- to anchor important activities critical to the growth of the economy. It is the master developer for one-north at Buona Vista – a 200-hectare development for research & development and entrepreneurial activities. With a focus on knowledge-intensive activities in the biomedical, infocomm and media industries, one-north will be a niche environment for innovation incorporating research laboratories, offices, homes, parks and educational institutions.  JTC's home page address is http://www.jtc.gov.sg.