20 Oct '16, 10am

JTC primed to be even bigger industrial player

No significant market impact or policy changes are expected from the announced transfer of industrial units and industrial land leases from the Housing & Development Board (HDB) to JTC Corporation, especially since there will be no change to the contracted terms and conditions of existing HDB industrial tenancies and leases. But what's notable is the beefing up of JTC's role as an industrial landlord with an expanded portfolio and a master-planner. There may even be potentially higher participation as an industrial developer in the near future, market watchers note. And indeed, there are older industrial properties that could be candidates for redevelopment in HDB's industrial property portfolio. In the first quarter of 2018, some 10,700 industrial units and 540 industrial land leases under HDB will be consolidated under JTC, the lead agency responsible for Singapore's ind...

Full article: https://www.srx.com.sg/singapore-property-news/25912/jtc-...

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