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QUARTERLY MARKET REPORT

INDUSTRIAL PROPERTIES

SECOND QUARTER 2018

CONTENTS

Page

Market Report for the Industrial Property Market (2Q 2018)

1 Executive Summary 1

2 Market Trends in 2Q 2018 2

3 Allocation of JTC’s Ready-Built Facilities (RBF) 6

4 Allocation of Industrial Land 6

5 Outlook on Future Supply 7

6 Conclusion 8

Annex – Industrial Property Market Statistics

A1 Price Statistics 9

A2 Rental Statistics 13

A3 Stock and Vacancy Statistics 16

A4 Potential Supply Statistics 21

A5 Statistics on Industrial Units Available for Sale 23

A6 List of Major Industrial Projects Completed in 2Q 2018 24

A7 List of Major Industrial Projects in the Pipeline as at End of 2Q 2018 26

B Statistics on JTC’s Prepared Industrial Land and Ready-Built Facilities 32

To be completed by 2018 Beyond 2018

~2.6 million sqm

Uncompleted strata units for sale

~1,100 units

Singapore Industrial PropertiesQuarterly Market Report

2nd Quarter 2018

Change over previous quarter

Change over previous year

Future industrial space supply

Prices and rentals of industrial space remained relatively stable.

Occupancy rate of industrial space

Price index of allindustrial space

Rental index of allindustrial space

Totalindustrial space

0.1%

~1.1 million sqm ~3.4 million sqm ~200 units

1.4%million sqm

0.3% points

0.0% points 2.1%

0.0%million sqm

0.3

1.2

1

MARKET REPORT FOR THE INDUSTRIAL PROPERTY MARKET (2Q 2018) EXECUTIVE SUMMARY

1. In 2Q 2018, the occupancy rate of overall industrial property market fell by 0.3 percentage

points compared to the previous quarter. Compared to a year ago, occupancy rate of overall

industrial property market remained the same.

2. Prices and rentals of industrial space remained relatively stable for most market segments.

In 2Q 2018, the price index of overall industrial property market remained unchanged while rental

index fell marginally by 0.1% compared to the previous quarter. Compared to a year ago, the price

and rental indices fell by 2.1% and 1.4% respectively. An overview of price, rental and occupancy

rate movements for the quarter is shown in Exhibit 1.

Exhibit 1: Price, Rental and Occupancy Rate Movements in 2Q 2018

1Q 2018 2Q 2018

% Change

Over Previous Quarter

Over Previous

Year

Price

All Industrial 89.9 89.9 0.0 -2.1

Multiple-User Factory 93.8 93.8 0.0 -1.7

Single-User Factory 79.3 79.3 0.0 -2.9

Rental

All Industrial 91.1 91.0 -0.1 -1.4

Multiple-User Factory 89.1 89.3 0.2 -0.7

Single-User Factory 97.5 95.9 -1.6 -4.2

Business Park 111.5 112.1 0.5 5.3

Warehouse 85.5 85.1 -0.5 -3.8

Occupancy Rate1

All Industrial 89.0% 88.7% -0.3 0.0

Multiple-User Factory 86.5% 86.0% -0.5 -0.4

Single-User Factory 90.4% 90.3% -0.1 0.1

Business Park 85.1% 85.0% -0.1 -0.7

Warehouse 88.9% 88.5% -0.4 0.4 Note: 1 The % change refers to absolute change over previous year/quarter.

3. In the second half of 2018 and in 2019, another 2.0 million sqm of industrial space, including

334,000 sqm of multiple-user factory space, is estimated to come on-stream. As a comparison, the

average annual supply and demand of industrial space in the past 3 years were around 1.7 million

and 1.2 million sqm respectively. As new supply starts to taper in the coming years, prices and

rentals should stabilise in tandem with occupancy rates.

4. For industrialists looking to own production spaces, around 200 units in uncompleted strata-

titled developments remained available for sale at the end of 2Q 2018. These units totalled about

64,000 sqm of space, and will provide options for industrialists to site or relocate their operations

to these developments.

2

MARKET TRENDS IN 2Q 2018

5. In 2Q 2018, the occupancy rate for the overall industrial property market fell by 0.3

percentage points on a quarter-on-quarter basis to 88.7%. There is no change in occupancy rate

compared to a year ago (Exhibit 2a).

Exhibit 2a: Occupancy Rate of Industrial Space

6. For multiple-user factory space, the occupancy rate fell by 0.5 percentage points on a

quarter-on-quarter basis to 86.0%. On a year-on-year basis, the occupancy rate dropped by 0.4

percentage points (Exhibit 2b).

Exhibit 2b: Occupancy Rate of Multiple-User Factory Space

86.0

88.0

90.0

92.0

94.0

-200

0

200

400

600

800

2011

Q2

2011

Q4

2012

Q2

2012

Q4

2013

Q2

2013

Q4

2014

Q2

2014

Q4

2015

Q2

2015

Q4

2016

Q2

2016

Q4

2017

Q2

2017

Q4

2018

Q2

Occupancy Rate (%)

Change in Stock

('000 sqm)

Change in Available Stock (LHS) Change in Occupied Stock (LHS) Occupancy Rate (RHS)

82.0

84.0

86.0

88.0

90.0

92.0

-50

0

50

100

150

200

250

2011

Q2

2011

Q4

2012

Q2

2012

Q4

2013

Q2

2013

Q4

2014

Q2

2014

Q4

2015

Q2

2015

Q4

2016

Q2

2016

Q4

2017

Q2

2017

Q4

2018

Q2

Occupancy Rate (%)

Change in Stock

('000 sqm)

Change in Available Stock (LHS) Change in Occupied Stock (LHS) Occupancy Rate (RHS)

3

7. Rentals of industrial space remain relatively stable. In 2Q 2018, the rental index of the

overall industrial space fell slightly by 0.1% on a quarter-on-quarter basis, while rental index of

multiple-user factory space inched up marginally by 0.2%. Compared to a year ago, the rental

indices for overall industrial space and multiple-user factory space both fell by 1.4% and 0.7%

respectively (Exhibits 3a and 3b).

Exhibit 3a: Rental Indices of Industrial Space

Exhibit 3b: Rental Indices of Industrial Space

92.391.3 91.2 91.1 91.0

89.989.2 89.1 89.1 89.3

84

88

92

96

2017Q2 2017Q3 2017Q4 2018Q1 2018Q2

All Industrial Space

Multiple-User Factory Space

Rental Index

2012Q4=100

0

20

40

60

80

100

120

2008Q2 2009Q2 2010Q2 2011Q2 2012Q2 2013Q2 2014Q2 2015Q2 2016Q2 2017Q2 2018Q2

All Industrial Space Multiple-User Factory Space

See Exhibit 3b

Rental Index 2012Q4=100

4

8. The table below shows the rental indices for multiple-user factory space by planning region

and land-use zoning (Exhibit 3c):

Exhibit 3c: Rental Indices of Multiple-User Factory Space by Planning Region and Land-Use Zoning (4Q 2012=100)

2Q 2017

3Q 2017

4Q 2017

1Q 2018

2Q 2018

% Change Over

Previous Quarter

Planning Region

Central 90.9 90.6 91.8 92.0 91.5 -0.5

North 92.2 91.0 89.2 88.7 91.9 3.6

West 82.0 80.8 79.1 78.1 77.7 -0.5

East 90.6 90.1 90.6 90.5 89.7 -0.9

North-East 83.1 81.8 81.7 83.0 83.5 0.6

Land-Use Zoning

Business 1 90.2 89.8 90.4 90.6 90.6 0.0

Business 2 84.6 83.1 81.5 81.0 81.5 0.6

9. Prices of industrial space also remained relatively stable. In 2Q 2018, the price indices for

overall industrial space and multiple-user factory space remained unchanged on a quarter-on-

quarter basis. Compared to a year ago, they were lower by 2.1% and 1.7% respectively (Exhibits

4a and 4b).

Exhibit 4a: Price Indices of Industrial Space

0

20

40

60

80

100

120

2008Q2 2009Q2 2010Q2 2011Q2 2012Q2 2013Q2 2014Q2 2015Q2 2016Q2 2017Q2 2018Q2

All Industrial Space Multiple-User Factory Space

See Exhibit 4b

Price Index

2012Q4=100

5

Exhibit 4b: Price Indices of Industrial Space

10. The table below shows the price indices for multiple-user factory space by planning region,

land-use zoning and remaining tenure (Exhibit 4c):

Exhibit 4c: Price Indices of Multiple-User Factory Space by Planning Region, Land-Use Zoning and Remaining Tenure (4Q 2012=100)

2Q 2017

3Q 2017

4Q 2017

1Q 2018

2Q 2018

% Change Over

Previous Quarter

Planning Region

Central 95.8 94.6 95.2 95.3 98.0 2.8

North 86.2 85.9 85.2 84.5 83.6 -1.1

West 86.5 85.6 83.9 83.9 82.5 -1.7

Others 86.5 85.9 86.2 86.2 86.3 0.1

Land-Use Zoning

Business 1 93.7 93.4 94.0 94.2 95.6 1.5

Business 2 83.7 82.6 81.0 80.4 79.0 -1.7

Remaining Tenure

<30 years 88.9 88.1 86.1 86.2 85.5 -0.8

31-60 years 89.2 88.3 87.9 86.7 85.7 -1.2

>60 years 92.9 92.6 94.7 96.0 99.2 3.3

91.891.0

90.0 89.9 89.9

95.494.6

94.0 93.8 93.8

86

90

94

98

2017Q2 2017Q3 2017Q4 2018Q1 2018Q2


Multiple-User Factory Space

Price Index

(2012Q4=100)

6

11. Based on the number of caveats lodged for industrial properties, transaction volume rose

9% in 2Q 2018 compared to one year ago. On a quarter-on-quarter basis, the transaction volume

increased by 35% (Exhibit 5).

Exhibit 5: Transaction Volume of Industrial Properties

ALLOCATION OF JTC’S READY-BUILT FACILITIES (RBF) 12. In 2Q 2018, JTC allocated a total of 40,300 sqm of RBF space to industrialists, which

included 24,000 sqm of high-rise space and 6,900 sqm of land-based factory space. Among the

high-rise space that were allocated, about 71% were in JTC’s newer developments such as JTC

MedTech Hub @ MedTech Park, JTC Food Hub @ Senoko and JTC LaunchPad @ one-north.

13. Total RBF returns in 2Q 2018 was 37,400 sqm, of which 22,100 sqm was high-rise space

and 7,300 sqm was land-based factory space. About one-third was due to companies consolidating

their operations.

ALLOCATION OF INDUSTRIAL LAND

14. In 2Q 2018, the tender for an Industrial Government Land Sales (IGLS) site targeted at

multiple-user development had closed. 2 bids were received for the 2.41 ha site located at Tuas,

with the highest bid at $555 psm ppr.

15. Other than the IGLS site targeted at multiple-user development, the tenders for three sites

targeted at single-user developments totalling 2.13 ha also closed. However, these three sites did

not receive any bids.

16. Besides IGLS, JTC also allocated 32.5 ha of prepared industrial land (PIL) in 2Q 2018.

About 88% of the land (28.7 ha) was allocated to companies in the manufacturing-related and

supporting industries, while the remaining was allocated to manufacturing companies. In the same

0

100

200

300

400

500

2015Q2 2015Q3 2015Q4 2016Q1 2016Q2 2016Q3 2016Q4 2017Q1 2017Q2 2017Q3 2017Q4 2018Q1 2018Q2

Number ofCaveats Lodged

New Sale Resale Sub Sale

7

period, 52.5 ha of PIL was returned to JTC, with natural expiries accounting for about 71% of the

total returns.

OUTLOOK ON FUTURE SUPPLY

17. In the second half of 2018 and 2019, another 2.0 million sqm of industrial space is estimated

to come on-stream. This is about 4% of current industrial stock. As a comparison, the average

annual supply and demand of industrial space were around 1.7 million sqm and 1.2 million sqm

respectively in the past 3 years (Exhibit 6).

Exhibit 6: Upcoming Supply of Industrial Space

Note: For industrial space, the figures for upcoming supply are in terms of gross floor area, whereas historical changes in available stock (i.e. historical new supply) and historical changes in occupied stock (i.e. historical new demand) are in terms of net floor area.

18. For multiple-user factory space, 334,000 sqm is estimated to come on-stream in the second

half of 2018 and in 2019. This is about 3% of the current multiple-user factory stock. As a

comparison, the annual supply and demand of multiple-user factory space for the past 3 years

were around 400,000 sqm and 298,000 sqm respectively.

19. At the end of 2Q 2018, there were around 200 units, totalling about 64,000 sqm, in

uncompleted strata-titled developments still available for sale. About 4 in 10 units are of 200 to 299

sqm in size (Exhibit 7).

0

500

1,000

1,500

2,000

2,500

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 >2021

New Supply (Historical and Upcoming)('000 sqm)

Historical Upcoming

8

Exhibit 7: Industrial Units Available for Sale in Uncompleted Strata-Titled Developments

20. Two JTC developments, totalling around 108,000 sqm, are expected to be completed in

the next 12 months (Exhibit 8).

Exhibit 8: JTC’s Projects Expected to Complete in the Next 12 Months as at End of 2Q 2018

Project Gross Floor Area

(sqm) Expected Completion

Date

JTC Poultry Processing Hub @ Buroh 40,060 4th Qtr 2018

trendspace

(formerly JTC Furniture Hub @ Sungei Kadut) 68,250 1st Qtr 2019

CONCLUSION

21. Prices and rentals of industrial space remained relatively stable. As new supply starts to

taper in the coming years, prices and rentals should continue to stabilise in tandem with occupancy

rates. JTC will monitor the market closely to ensure a stable and sustainable supply of land and

space to support the needs of industrialists.

22. Moving forward, JTC will continue to develop new industrial facilities and estates that will

meet the needs of industrialists, support their transformation and upgrading, and enhance their

productivity and competitiveness.

88

116

0

100

200

200 – 299 sqm Others

No. of Units By Floor Area

Annex A – Industrial Property Market Statistics

9

Annex A-1: Price Statistics Table 1: Quarterly Price Index of Industrial Space (2Q 2017 – 2Q 2018)

Market Segment 2Q 2017 3Q 2017 4Q 2017 1Q 2018 2Q 2018

% Change Over

Previous Quarter

All Industrial 91.8 91.0 90.0 89.9 89.9 0.0

Multiple-User Factory

95.4 94.6 94.0 93.8 93.8 0.0

Planning Region

Central Region 95.8 94.6 95.2 95.3 98.0 2.8

North Region 86.2 85.9 85.2 84.5 83.6 -1.1

West Region 86.5 85.6 83.9 83.9 82.5 -1.7

Other Regions 86.5 85.9 86.2 86.2 86.3 0.1

Land-Use Zoning

Business 1 93.7 93.4 94.0 94.2 95.6 1.5

Business 2 83.7 82.6 81.0 80.4 79.0 -1.7

Remaining Tenure

< 30 Years 88.9 88.1 86.1 86.2 85.5 -0.8

31 – 60 Years 89.2 88.3 87.9 86.7 85.7 -1.2

> 60 Years 92.9 92.6 94.7 96.0 99.2 3.3

Single-User Factory 81.7 80.8 79.3 79.3 79.3 0.0

Note:

1. The price index is computed using fixed weights based on 2012 transaction values before 1st Quarter 2016. From 1st Quarter 2016, the

weights used are fixed using 2015 transaction values.

10

Table 2: Quarterly Price Index of Industrial Space (3Q 2015 – 2Q 2018)

Period Price Index

All Industrial1 Multiple-User Factory2 Single-User Factory3

3Q 2015 106.6 107.0 99.4

4Q 2015 105.0 105.9 97.2

1Q 2016 102.4 103.5 94.4

2Q 2016 100.0 101.8 91.4

3Q 2016 98.3 100.8 88.9

4Q 2016 95.4 98.7 85.4

1Q 2017 93.3 96.9 82.8

2Q 2017 91.8 95.4 81.7

3Q 2017 91.0 94.6 80.8

4Q 2017 90.0 94.0 79.3

1Q 2018 89.9 93.8 79.3

2Q 2018 89.9 93.8 79.3

Note:

1. Before 4th Quarter 2014, the price index is computed based on transactions of multiple-user factories in the Central region and island-wide

multiple-user warehouses. From 4th Quarter 2014, the price index is computed based on island-wide transactions of multiple-user factories

and single-user factories. Before 4th Quarter 2014, the weights for the price index are updated every quarter using past 12 quarters

transaction values. From 4th Quarter 2014 and 1st Quarter 2016, the weights used are fixed using 2012 and 2015 transaction values

respectively.

2. Before 4th Quarter 2014, the price index is computed based on transactions of multiple-user factories in the Central region. From 4th Quarter

2014, the scope of the price index is expanded to include transactions outside Central region. Before 4th Quarter 2014, the price index is

computed with weights updated every quarter using past 12 quarters transaction values. From 4th Quarter 2014 and 1st Quarter 2016, the

weights used are fixed using 2012 and 2015 transaction values respectively.



11

Table 3: Quarterly Price Index of Multiple-User Factory by Planning Region (3Q 2015 – 2Q 2018)

Period Price Index of Multiple-User Factory

Central Region North Region West Region Other Regions

3Q 2015 106.3 99.0 95.9 99.9

4Q 2015 106.5 97.7 92.9 97.7

1Q 2016 103.0 95.0 91.8 96.7

2Q 2016 102.8 92.4 91.0 92.8

3Q 2016 102.0 91.7 89.8 92.0

4Q 2016 98.5 90.3 88.7 89.7

1Q 2017 97.2 88.2 87.4 88.0

2Q 2017 95.8 86.2 86.5 86.5

3Q 2017 94.6 85.9 85.6 85.9

4Q 2017 95.2 85.2 83.9 86.2

1Q 2018 95.3 84.5 83.9 86.2

2Q 2018 98.0 83.6 82.5 86.3

Note:



12

Table 4: Quarterly Price Index of Multiple-User Factory by Remaining Tenure and Land-Use Zoning (3Q 2015 – 2Q 2018)

Period

Price Index of Multiple-User Factory

Remaining Tenure Land-Use Zoning

≤ 30 Years 31 – 60 Years

> 60 Years Business 1 Business 2

3Q 2015 101.7 101.5 102.3 104.4 95.8

4Q 2015 97.8 101.1 101.2 104.2 92.8

1Q 2016 95.8 98.9 98.5 101.9 90.7

2Q 2016 95.2 96.0 96.9 99.0 90.3

3Q 2016 93.1 96.0 96.7 97.3 90.2

4Q 2016 91.6 93.2 95.2 95.7 87.8

1Q 2017 90.6 90.6 94.0 95.2 85.1

2Q 2017 88.9 89.2 92.9 93.7 83.7

3Q 2017 88.1 88.3 92.6 93.4 82.6

4Q 2017 86.1 87.9 94.7 94.0 81.0

1Q 2018 86.2 86.7 96.0 94.2 80.4

2Q 2018 85.5 85.7 99.2 95.6 79.0

Note:



13

Annex A-2: Rental Statistics Table 5: Quarterly Rental Index of Industrial Space (2Q 2017 – 2Q 2018)

Market Segment 2Q 2017 3Q 2017 4Q 2017 1Q 2018 2Q 2018

% Change Over

Previous Quarter

All Industrial 92.3 91.3 91.2 91.1 91.0 -0.1


89.9 89.2 89.1 89.1 89.3 0.2

Planning Region

Central Region 90.9 90.6 91.8 92.0 91.5 -0.5

North Region 92.2 91.0 89.2 88.7 91.9 3.6

West Region 82.0 80.8 79.1 78.1 77.7 -0.5

East Region 90.6 90.1 90.6 90.5 89.7 -0.9

Northeast Region 83.1 81.8 81.7 83.0 83.5 0.6

Land-Use Zoning

Business 1 90.2 89.8 90.4 90.6 90.6 0.0

Business 2 84.6 83.1 81.5 81.0 81.5 0.6

Single-User Factory 100.1 99.1 98.3 97.5 95.9 -1.6

Business Park 106.5 106.8 108.9 111.5 112.1 0.5

Warehouse 88.5 86.7 85.8 85.5 85.1 -0.5

Note:

1. The rental index is compiled based on contracted gross rent per month as declared by tenants to IRAS through its e-Stamping system.

Contracted gross rent includes the base rent and all charges in connection with the lease (such as additional rent, service charge, payment

for hire of fittings or equipment, fees for advertising and promotion). It may or may not include any rent-free period and other incentives.

2. The rental index is computed using fixed weights based on 2012 transaction values before 1st Quarter 2016. From 1st Quarter 2016, the


14

Table 6: Quarterly Rental Index of Industrial Space (3Q 2015 – 2Q 2018)

Period

Rental Index

All Industrial2

Multiple-User Factory3

Single-User Factory4

Business Park4

Warehouse3

3Q 2015 101.7 100.6 109.3 104.9 98.7

4Q 2015 100.6 99.4 108.0 104.9 97.2

1Q 2016 97.9 95.7 105.9 103.9 96.4

2Q 2016 96.2 93.4 104.0 104.4 95.4

3Q 2016 94.3 92.2 101.8 104.2 91.2

4Q 2016 93.8 91.7 100.9 105.4 91.0

1Q 2017 93.0 90.7 99.9 104.3 90.5

2Q 2017 92.3 89.9 100.1 106.5 88.5

3Q 2017 91.3 89.2 99.1 106.8 86.7

4Q 2017 91.2 89.1 98.3 108.9 85.8

1Q 2018 91.1 89.1 97.5 111.5 85.5

2Q 2018 91.0 89.3 95.9 112.1 85.1

Note:




2. Before 4th Quarter 2014, the rental index is computed based on transactions of multiple-user factories and multiple-user warehouses in the

Central region. From 4th Quarter 2014, the rental index is computed based on island-wide transactions of multiple-user factories, single-

user factories, business parks and warehouses. Before 4th Quarter 2014, the weights for the rental index is updated every quarter using

past 12 quarters transaction values. From 4th Quarter 2014 and 1st Quarter 2016, the weights used are fixed using 2012 and 2015

transaction values respectively.

3. Before 4th Quarter 2014, the rental index is computed based on transactions in the Central region. From 4th Quarter 2014, the scope of the

rental index is expanded to include transactions outside Central region. Before 4th Quarter 2014, the rental index is computed with weights

updated every quarter using past 12 quarters transaction values. From 4th Quarter 2014 and 1st Quarter 2016, the weights used are fixed

using 2012 and 2015 transaction values respectively.



15

Table 7: Quarterly Rental Index of Multiple-User Factory by Planning Region and Land-Use Zoning (3Q 2015 – 2Q 2018)

Period

Rental Index of Multiple-User Factory

Planning Region Land-Use Zoning

Central Region

North Region

West Region

East Region

Northeast Region

Business 1

Business 2

3Q 2015 101.9 96.9 95.0 99.3 95.8 100.6 95.4

4Q 2015 100.8 96.5 93.8 99.0 93.0 99.3 94.7

1Q 2016 97.2 95.7 88.8 95.6 87.7 95.8 90.5

2Q 2016 94.0 94.9 86.2 94.1 87.3 93.1 89.3

3Q 2016 92.1 94.8 85.9 94.3 85.0 91.7 88.8

4Q 2016 92.0 94.3 84.2 92.8 85.0 91.4 87.6

1Q 2017 91.6 92.6 82.7 92.5 83.8 90.8 86.0

2Q 2017 90.9 92.2 82.0 90.6 83.1 90.2 84.6

3Q 2017 90.6 91.0 80.8 90.1 81.8 89.8 83.1

4Q 2017 91.8 89.2 79.1 90.6 81.7 90.4 81.5

1Q 2018 92.0 88.7 78.1 90.5 83.0 90.6 81.0

2Q 2018 91.5 91.9 77.7 89.7 83.5 90.6 81.5

Note:






16

Annex A-3: Stock and Vacancy Statistics Table 8: Stock and Vacancy Rate of Industrial Space (1Q 2018 – 2Q 2018)

Property Type Market Indicator As at

1Q 2018 As at

2Q 2018

Over Previous Quarter

Absolute Change

% Change


Available (‘000 sq m) 48,188 48,525 337 0.7

Occupied (‘000 sq m) 42,871 43,033 162 0.4

Vacant (‘000 sq m) 5,316 5,492 176 3.3

Vacancy Rate (%) 11.0 11.3 0.3 -


Available (‘000 sq m) 11,182 11,314 132 1.2

Occupied (‘000 sq m) 9,675 9,729 54 0.6

Vacant (‘000 sq m) 1,507 1,585 78 5.2

Vacancy Rate (%) 13.5 14.0 0.5 -

Single-User Factory

Available (‘000 sq m) 24,419 24,451 32 0.1

Occupied (‘000 sq m) 22,082 22,081 -1 0.0

Vacant (‘000 sq m) 2,336 2,370 34 1.5

Vacancy Rate (%) 9.6 9.7 0.1 -

Business Park

Available (‘000 sq m) 2,140 2,149 9 0.4

Occupied (‘000 sq m) 1,822 1,827 5 0.3

Vacant (‘000 sq m) 318 322 4 1.3

Vacancy Rate (%) 14.9 15.0 0.1 -

Warehouse Space

Available (‘000 sq m) 10,447 10,611 164 1.6

Occupied (‘000 sq m) 9,292 9,396 104 1.1

Vacant (‘000 sq m) 1,155 1,215 60 5.2

Vacancy Rate (%) 11.1 11.5 0.4 -

Note:

1. The figures may not add up due to rounding.

17

Table 9: Stock and Vacancy Rate of All Industrial Space (3Q 2015 – 2Q 2018)

Period Stock (‘000 sq m)

Vacancy Rate (%) Available Occupied Vacant

3Q 2015 43,952 39,912 4,040 9.2

4Q 2015 44,459 40,270 4,189 9.4

1Q 2016 44,877 40,425 4,452 9.9

2Q 2016 45,361 40,549 4,812 10.6

3Q 2016 45,834 40,818 5,016 10.9

4Q 2016 46,282 41,407 4,875 10.5

1Q 2017 46,691 41,719 4,972 10.6

2Q 2017 47,331 41,983 5,348 11.3

3Q 2017 47,691 42,237 5,455 11.4

4Q 2017 48,223 42,886 5,337 11.1

1Q 2018 48,188 42,871 5,316 11.0

2Q 2018 48,525 43,033 5,492 11.3

Table 10: Stock and Vacancy Rate of Multiple-User Factory Space (3Q 2015 – 2Q 2018)



3Q 2015 10,232 8,932 1,300 12.7

4Q 2015 10,337 9,015 1,322 12.8

1Q 2016 10,299 8,994 1,305 12.7

2Q 2016 10,398 9,040 1,358 13.1

3Q 2016 10,470 9,120 1,350 12.9

4Q 2016 10,572 9,225 1,347 12.7

1Q 2017 10,700 9,305 1,395 13.0

2Q 2017 10,821 9,353 1,468 13.6

3Q 2017 10,912 9,450 1,462 13.4

4Q 2017 11,080 9,588 1,492 13.5

1Q 2018 11,182 9,675 1,507 13.5

2Q 2018 11,314 9,729 1,585 14.0

18

Table 11: Stock and Vacancy Rate of Single-User Factory Space (3Q 2015 – 2Q 2018)



3Q 2015 23,192 21,389 1,803 7.8

4Q 2015 23,319 21,522 1,797 7.7

1Q 2016 23,465 21,564 1,901 8.1

2Q 2016 23,505 21,478 2,027 8.6

3Q 2016 23,813 21,573 2,240 9.4

4Q 2016 24,100 21,912 2,188 9.1

1Q 2017 24,224 21,958 2,266 9.4

2Q 2017 24,308 21,928 2,380 9.8

3Q 2017 24,410 21,998 2,412 9.9

4Q 2017 24,569 22,151 2,418 9.8

1Q 2018 24,419 22,082 2,336 9.6

2Q 2018 24,451 22,081 2,370 9.7

Table 12: Stock and Vacancy Rate of Business Park Space (3Q 2015 – 2Q 2018)



3Q 2015 1,842 1,555 287 15.6

4Q 2015 1,917 1,612 305 15.9

1Q 2016 2,048 1,673 375 18.3

2Q 2016 2,138 1,732 406 19.0

3Q 2016 2,137 1,733 404 18.9

4Q 2016 2,140 1,777 363 17.0

1Q 2017 2,140 1,798 342 16.0

2Q 2017 2,142 1,836 306 14.3

3Q 2017 2,142 1,840 302 14.1

4Q 2017 2,142 1,854 288 13.4

1Q 2018 2,140 1,822 318 14.9

2Q 2018 2,149 1,827 322 15.0

19

Table 13: Stock and Vacancy Rate of Warehouse Space (3Q 2015 – 2Q 2018)



3Q 2015 8,686 8,036 650 7.5

4Q 2015 8,886 8,121 765 8.6

1Q 2016 9,065 8,194 871 9.6

2Q 2016 9,320 8,299 1,021 11.0

3Q 2016 9,414 8,392 1,022 10.9

4Q 2016 9,470 8,493 977 10.3

1Q 2017 9,629 8,660 969 10.1

2Q 2017 10,061 8,867 1,194 11.9

3Q 2017 10,227 8,949 1,278 12.5

4Q 2017 10,433 9,294 1,139 10.9

1Q 2018 10,447 9,292 1,155 11.1

2Q 2018 10,611 9,396 1,215 11.5

Table 14: Available Stock and Occupancy Rate of Newly Completed Private Multiple-User Factory Space (3Q 2015 – 2Q 2018)

Period

Year of Completion

2015 2016 2017 2018 2015 2016 2017 2018

Available Stock (‘000 sq m) Occupancy Rate (%)

3Q 2015 308 - - - 10.6 - - -

4Q 2015 402 - - - 19.3 - - -

1Q 2016 402 144 - - 32.1 0.4 - -

2Q 2016 410 249 - - 43.2 9.9 - -

3Q 2016 410 322 - - 54.6 12.9 - -

4Q 2016 410 386 - - 61.2 16.3 - -

1Q 2017 410 386 103 - 69.0 36.6 0.5 -

2Q 2017 410 419 190 - 73.8 42.3 2.8 -

3Q 2017 410 419 203 - 77.7 49.8 25.6 -

4Q 2017 410 419 252 - 80.8 66.5 34.6 -

1Q 2018 410 419 252 111 81.7 70.1 48.0 7.3

2Q 2018 410 419 252 248 83.3 70.7 58.1 15.0

Note:

1. The available space refers to the total amount of nett floor area, which may change across quarters as developments may complete in

phases, or due to the reclassification or re-partitioning of space by industrialists.

20

Table 15: Available Stock of Industrial Space by Type of Industrial Space and Land-Use Zoning as at End of 2Q 2018

‘000 sq m nett

Industrial Space Total Floor Area Land-Use Zoning

Business 1 Business 2

All Industrial Space 48,525 10,139 34,343

Multiple-User Factory 11,314 6,004 4,788

Single-User Factory 24,451 2,563 20,901

Business Park 2,149 - -

Warehouse Space 10,611 1,572 8,653

Note:

1. The figures may not add up as some projects are on land zoned as Reserve Site etc.

21

Annex A-4: Potential Supply Statistics Table 16: Supply of Industrial Space by Property Type, Development Status and Expected Year of Completion as at End of 2Q 2018

‘000 sq m gross

All Industrial Space Total 2018 2019 2020 2021 2022 >2022

Total 4,487 1,082 904 929 524 904 144

Under Construction 2,892 886 681 701 304 320 -

Planned 1,594 197 222 228 220 584 144

Written Permission 417 87 129 21 179 - -

Provisional Permission 874 109 71 167 21 362 144

Others 303 - 23 40 19 222 -

Multiple-User Factory 1,360 66 268 647 195 185 -

Under Construction 871 55 255 507 54 - -

Planned 489 11 13 140 141 185 -


Provisional Permission 351 10 0 134 21 185 -

Others - - - - - - -

Single-User Factory 2,110 716 386 141 221 647 -

Under Construction 1,233 536 219 70 142 266 -

Planned 877 180 167 71 79 380 -


Provisional Permission 329 100 41 30 - 158 -

Others 301 - 20 40 19 222 -

Business Park 317 77 17 - 63 17 144

Under Construction 139 77 - - 63 - -

Planned 177 - 17 - - 17 144

Written Permission - - - - - - -

Provisional Permission 177 - 17 - - 17 144

Others - - - - - - -

Warehouse 699 224 232 142 45 56 -

Under Construction 649 219 207 125 45 54 -

Planned 50 6 26 17 - 2 -

Written Permission 31 6 11 14 - - -

Provisional Permission 17 0 12 3 - 2 -

Others 2 - 2 - - - -

Note:


22

Table 17: Supply of Industrial Space by Property Type, Land-Use Zoning and Expected Year of Completion as at End of 2Q 2018

‘000 sq m gross

All Industrial Space Total 2018 2019 2020 2021 2022 >2022

Total 4,487 1,082 904 929 524 904 144

Business 1 246 75 58 45 69 - -

Business 2 3,804 864 777 884 392 888 -

Business Park 317 77 17 - 63 17 144

Multiple-User Factory 1,360 66 268 647 195 185 -

Business 1 90 7 31 44 9 - -

Business 2 1,263 52 237 603 186 185 -

Single-User Factory 2,110 716 386 141 221 647 -

Business 1 145 66 18 1 60 - -

Business 2 1,905 642 316 140 161 647 -

Business Park 317 77 17 - 63 17 144

Warehouse Space 699 224 232 142 45 56 -

Business 1 11 2 9 - - - -

Business 2 636 170 224 142 45 56 -

Note:

1. The figures may not add up as some projects are on land zoned as Reserve Site etc.


23

Annex A-5: Statistics on Industrial Units Available for Sale Table 18: Industrial Units Available for Sale in Uncompleted Strata-Titled Developments by Floor Area as at End of 2Q 2018

Floor Area (sq m) Total Units Available for

Sale % Sold

Total 242 204 16

200 – 299 111 88 21

Others 131 116 11

Note: 1. Industrial units available for sale in uncompleted strata-titled developments by region, expected year of completion and land-use zoning

were removed from the publication to safeguard data confidentiality.

24

Annex A-6: List of Major Industrial Projects Completed in 2Q 2018

Description and Location of Project Name of Developer Project Gross

Floor Area (sq m)

Gross Floor Area Granted

TOP in the Quarter (sq m)

MULTIPLE-USER FACTORY PROJECT

Private Sector

Nordcom Two at 2 to 46 (Even) Gambas Crescent

Grow-Tech Properties Pte Ltd 69,600 69,600

T-Space at 1 Tampines North Drive 1 Goldprime Land Pte Ltd 68,470 68,470

Woodlands Connection at 4 to 56 (Even) Woodlands Sector 2

Yee Lee Development Pte Ltd 13,300 13,300

Sub-Total 151,370 151,370

Total 151,370 151,370

SINGLE-USER FACTORY PROJECT

Private Sector

Additions/alterations to single-user factory at 1 Tuas View Drive

Amgen Singapore Manufacturing Pte Ltd

7,550 7,550

CTM Building at 14 Tampines Industrial Drive

Chye Thiam Maintenance Pte Ltd 5,750 3,600

(5,750)

Single-user factory at 2 Merlimau Road Singapore Petroleum Company 3,360 3,360

Single-user factory at 1 Tuas South Link 1

Mundipharma Manufacturing Pte Ltd

6,310 6,310

Single-user factory at 6 Tuas South Street 7

800 Super Holdings Limited 9,300 5,320

(6,930)

Single-user factory at 2 Tuas South Street 12

Sam Lain Equipment Services Pte Ltd

3,810 3,810

Single-user industrial development at 50 Senoko Drive

Suriya Trading Enterprises (S) Pte Ltd

7,410 5,160

(6,560)

TSL 101 at 101 Eunos Avenue 3 Index-Cool Furniture Design & Construction Pte Ltd

12,450 12,450

Sub-Total 55,940 47,560

Total 55,940 47,560

BUSINESS PARK PROJECT

Private Sector

Business park development at 22 Changi Business Park Central 2

Kingsmen Creatives Ltd 13,130 13,130

Sub-Total 13,130 13,130

Total 13,130 13,130

25

Description and Location of Project Name of Developer Project Gross

Floor Area (sq m)

Gross Floor Area Granted

TOP in the Quarter (sq m)

WAREHOUSE PROJECT

Private Sector

CTM Building at 14 Tampines Industrial Drive

Chye Thiam Maintenance Pte Ltd

5,750 2,150

(5,750)

CWT Distripark at 47 Jalan Buroh CWT Limited 222,150 160

(222,150)

PLG Building at 31 Tuas South Link 4 Pacific Investment Group Pte Ltd 55,000 55,000

Poh Tiong Choon Logistics Hub at 48 Pandan Road

Poh Tiong Choon Logistics Limited

101,590 50,930

(101,590)

Single-user industrial development at 50 Senoko Drive

Suriya Trading Enterprises (S) Pte Ltd

7,410 1,400

(6,560)

Warehouse development at 37 Loyang Crescent

ST-Airport Services Pte Ltd 1,960 900

(900)

Warehouse development at 90 Second Lok Yang Road

Kim Seng Huat Hardware Pte Ltd 9,100 9,100

Warehouse development at 20 Tuas Avenue 1

Ascendas Real Estate Investment Trust

44,540 44,540

Sub-Total 447,500 164,180

Total 447,500 164,180

Note:

1. This table includes only projects which obtained TOP for gross floor area of at least 7,000 sqm in the quarter. Major mixed use development

projects with industrial use will also be included.

2. Figures in parentheses refer to the total Gross Floor Area (GFA) granted TOP for the development to date.

26

Annex A-7: List of Major Industrial Projects in the Pipeline as at End of 2Q 2018

Description and Location of Project Name of Developer Gross Floor

Area (sq m)

Expected Year of

Final TOP

MULTIPLE-USER FACTORY PROJECT

Public Sector

Bedok Food City at Bedok North Avenue 4 JTC Corporation 106,560 2019

Defu Industrial City at Bartley Road East/Kim Chuan Road

JTC Corporation 327,080 2020

JTC Poultry Processing Hub @ Buroh at Buroh Lane


Multiple-user factory at Ang Mo Kio Street 64/65 JTC Corporation 119,280 2021

Multiple-user factory at Bulim Drive JTC Corporation 159,260 2022

Multiple-user factory at Kranji Loop JTC Corporation 132,250 2020

Multiple-user factory at Woodlands Avenue 4/9 JTC Corporation 36,590 2020

TimMac @ Kranji at Kranji Loop/Kranji Road JTC Corporation 143,270 2020

trendspace at Sungei Kadut Street 2 JTC Corporation 68,250 2019

Sub-Total 1,126,590

MULITPLE-USER FACTORY PROJECT

Private Sector

Additions/alterations to existing factory at Macpherson Road

Wujie Times Square Pte Ltd 8,990 na

Extension and additions/alterations to existing factory at Jurong East Street 21

ST Electronics Limited 20,930 2019

Food Concept @ 239 Pandan Loop at Pandan Loop

JVA Pandan Pte Ltd 7,040 2019

Multiple-user factory at Jalan Lam Huat JC Development Pte Ltd 12,230 na

Multiple-user factory at Kallang Way SB (Waterview) Investment Pte Ltd

54,490 na

Multiple-user factory at Tuas Bay Drive SB (Pioneer) Investment Pte Ltd 26,000 na

Platinum@Pioneer at Tuas Avenue 11 Soon Hock Realty Pte Ltd 12,490 na

Shine@Tuas South at Tuas South Link 1 Beacon Properties Pte. Ltd. 51,200 na

Sub-Total 193,370

Total 1,319,960


Private Sector

Additions/alterations to existing factory at Banyan Avenue

Evonik Methionine SEA Pte. Ltd. 34,310 na

27


Area (sq m)

Expected Year of

Final TOP


Private Sector

Additions/alterations to existing factory at Chia Ping Road

Mss Jurong West Pte Ltd 8,580 2018

Additions/alterations to existing factory at Howard Road

Malaysia Dairy Industries Pte Ltd 7,710 na

Additions/alterations to existing factory at Leng Kee Road

Wearnes Automotive & Equipment Pte Ltd

10,120 2018

Additions/alterations to existing factory at Loyang Way

Technics Steel Pte Ltd 8,660 na

Additions/alterations to existing factory at North Coast Drive

Micron Semiconductor Asia Pte Ltd

255,500 na

Additions/alterations to existing factory at Pasir Ris Industrial Drive 1

Systems on Silicon Manufacturing Co. Pte Ltd

19,890 na

Additions/alterations to existing factory at Pioneer Sector 3

GREIF Singapore Pte. Ltd. 7,820 2018

Additions/alterations to existing factory at Senoko Road

SC Auto Industries (S) Pte Ltd 7,700 na

Additions/alterations to existing factory at Seraya Place

Coim Asia Pacific Pte Ltd 13,810 na

Additions/alterations to existing factory at Tampines Industrial Avenue 5

Siltronic Silicon Wafer Pte Ltd 10,990 na

Additions/alterations to existing factory at Tuas Avenue 5

Sumitomo Warehouse (Singapore) Pte Ltd

10,210 na

Additions/alterations to existing factory at Tuas Bay Drive

Syscon Pte Ltd 48,600 2018

Additions/alterations to existing factory at Tuas South Boulevard

Sembcorp Marine Integrated Yard Pte Ltd

11,960 na

Additions/alterations to existing industrial development at Pioneer Road

ExxonMobil Asia Pacific Pte Ltd. 9,430 na

Excel Centre at Seletar Aerospace Avenue Excel Venture Capital Pte Ltd 10,320 na

Extension and additions/alterations to existing factory at Benoi Road

JP Nelson Equipment Pte Ltd 13,650 na

Extension and additions/alterations to existing factory at Jurong West Street 23

Google Asia Pacific Pte Ltd 21,410 na

Extension and additions/alterations to existing factory at Wan Lee Road

Lockson Hydraulics & Engineering Pte Ltd

7,840 na

Extension to existing factory at Ang Mo Kio Street 64

United Engineers Limited 60,180 na

Extension to existing factory at Tuas South Boulevard

Jurong Shipyard Pte Ltd 41,750 na

Precise Tree at Kim Chuan Drive Precise Development Pte Ltd 8,000 na

Single-user factory at Airport Road Soilbuild Pte Ltd 18,400 2018

Single-user factory at Airport Road Teambuild (ICPH) Pte Ltd 32,590 na

Single-user factory at Chang Charn Road/Kung Chong Road

Stuttgart Auto Pte Ltd 8,780 2018

28


Area (sq m)

Expected Year of

Final TOP


Private Sector

Single-user factory at Chin Bee Crescent S M C Nutrition Pte Ltd 15,900 na

Single-user factory at Joo Koon Circle Supratechnic Pte Ltd 10,260 2019

Single-user factory at Kallang Way SB (Waterfront) Investment Pte Ltd

36,310 na

Single-user factory at Kranji Link Swee Hong Engineering Construction Pte Ltd

9,400 2018

Single-user factory at Kung Chong Road AutoSwift Recovery Pte Ltd 7,170 na

Single-user factory at Pioneer Sector Lane OKH Holdings Pte Ltd 12,780 2018

Single-user factory at Quality Road Neo Garden Catering Pte Ltd 28,370 na

Single-user factory at Senoko Road Kim Seng Heng Engineering Construction Pte Ltd

8,370 2018

Single-user factory at Senoko Way D.A. Foods Industries Pte Ltd 12,000 2018

Single-user factory at Sungei Kadut Street 2 Redwood Interior Pte Ltd 15,000 na

Single-user factory at Sunview Drive Mapletree Industrial Trust 21,910 2018

Single-user factory at Tampines Industrial Drive Nippon Builders Pte Ltd 7,350 2018

Single-user factory at Tampines North Drive 3 BHCC Construction Pte Ltd 14,510 na

Single-user factory at Tuas Avenue 10 NSL OilChem Waste Management Pte Ltd

8,930 2019

Single-user factory at Tuas Avenue 18 Goldbell Engineering Pte Ltd 17,120 na

Single-user factory at Tuas Avenue 4 AWAN Data Centre Pte. Ltd. 32,610 2018

Single-user factory at Tuas Bay Drive AEL Enviro (Asia) Pte. Ltd. 14,480 2018

Single-user factory at Tuas Drive 2 AVA Global Pte Ltd 14,250 2018

Single-user factory at Tuas South Avenue 3 Hydrochem (S) Pte Ltd 48,630 na

Single-user factory at Tuas South Link 3 Wee Hur Construction Pte Ltd 8,000 na

Single-user factory at Tuas South Street 13 Quek & Quek Civil Engineering Pte Ltd

7,430 na

Single-user factory at Tuas South Street 15 V8 Environmental Pte Ltd 7,720 na

Single-user factory at Tuas South Street 9 Prospaq Group Pte Ltd 7,720 2018

Single-user factory at Tuas View Circuit Veolia ES Singapore Industrial Pte Ltd

11,830 na

29


Area (sq m)

Expected Year of

Final TOP


Private Sector

Single-user factory at Tuas West Drive Tuas West Drive Pte Ltd 28,840 2019

Single-user factory at Woodlands Height Global Switch Property (S) Pte Ltd

24,930 2018

Single-user industrial development at Bulim Avenue

Angel Playing Card Singapore Pte Ltd

10,240 na

Single-user industrial development at Chin Bee Avenue

OJJ Foods Pte Ltd 14,320 2020

Single-user industrial development at Tuas South Street 15

Kingsland Construction Pte Ltd 7,700 na

STT Defu 2 at Defu Avenue 1 ST Telemedia Global Data Centres

14,390 na

Sub-Total 1,166,680

Total 1,166,680


Public Sector

Business park development at Cleantech Loop JTC Corporation 62,520 2021

Business park development at Punggol Way JTC Corporation 143,500 na

Sub-Total 206,020


Private Sector

Additions/alterations to existing business park development at International Business Park

Pension Real Estate Singapore Pte Ltd

17,020 na

Alice @ Mediapolis at Media Circle BP-DoJo LLP 39,490 2018

Business park development at Biopolis Road Wilmar International Limited 16,670 na

Business park development at Pasir Panjang Road

Singapore Science Park Ltd 11,610 2018

Business park development at Science Park Drive

Ascendas-Singbridge Pte Ltd 25,560 na

Sub-Total 110,350

Total 316,370

WAREHOUSE PROJECT

Public Sector

JTC Logistics Hub @ Gul at Gul Circle JTC Corporation 134,320 2019

30


Area (sq m)

Expected Year of

Final TOP

WAREHOUSE PROJECT

Public Sector

JTC Poultry Processing Hub @ Buroh at Buroh Lane


Sub-Total 140,330

WAREHOUSE PROJECT

Private Sector

Additions/alterations to existing factory at Tampines Industrial Avenue 5

Siltronic Silicon Wafer Pte Ltd 2,530 na

Additions/alterations to existing industrial development at Mandai Link

CMM Marketing Management Pte Ltd

10,220 2019

Additions/alterations to existing industrial development at Pioneer Road

ExxonMobil Asia Pacific Pte Ltd. 1,890 na

Additions/alterations to existing warehouse at Tuas Avenue 13

Boustead Projects Investments Pte Ltd

20,340 na

Extension to existing warehouse at Seraya Place

Bertschi Singapore Pte Ltd 10,640 2018

Sinar Mas Building at Pioneer Road Radha Exports Pte Ltd 31,170 na

Single-user industrial development at Bulim Avenue

Angel Playing Card Singapore Pte Ltd

23,430 na

Single-user industrial development at Chin Bee Avenue

OJJ Foods Pte Ltd 2,860 2020

Single-user industrial development at Tuas South Street 15

Kingsland Construction Pte Ltd 1,040 na

Warehouse development at Alps Avenue Schenker Singapore (Pte) Ltd 51,430 na

Warehouse development at Changi South Street 1

Santa Warehousing Pte Ltd 9,770 2018

Warehouse development at Jalan Besut Hock Seng Heng Transport and Trading Pte Ltd

11,160 na

Warehouse development at Pandan Loop X Properties Inc Pte Ltd 22,460 na

Warehouse development at Sungei Kadut Lane Lorenzo International Limited 14,290 na

Warehouse development at Sunview Way Bollore Logistics Singapore Pte Ltd

50,000 na

Warehouse development at Tampines Industrial Drive

Precise Development Pte Ltd 7,050 2018

Warehouse development at Tembusu Crescent S H Cogent Logistics Pte Ltd 87,500 2020

Warehouse development at Tuas South Avenue 14

Diamond Land Pte. Ltd. 65,350 2018

Warehouse development at Tuas South Boulevard

Sembcorp Marine Integrated Yard Pte Ltd

52,540 na

31


Area (sq m)

Expected Year of

Final TOP

WAREHOUSE PROJECT

Private Sector

Sub-Total 475,670

Total 616,000

Note:

1. The pipeline projects indicated in this table includes only projects with gross floor area of 7,000 sq m and above, and have obtained

planning approvals for development. Major mixed use development projects with industrial use will also be included.

2. The expected year of final TOP is shown as “na” for some projects as the developer has not consented to the release of the information.

Annex B: Statistics on JTC’s Prepared Industrial Land and Ready-Built Facilities

32

Table 1: Gross Allocation and Returns by Product Segment (2Q 2017 – 2Q 2018)

Gross Allocation1 Returns1

2Q 2017

3Q 2017

4Q 2017

1Q 2018

2Q 2018

2Q 2017

3Q 2017

4Q 2017

1Q 2018

2Q 2018

Prepared Industrial Land (ha)

Total2 43.9 23.5 35.8 140.6 32.5 39.9 59.2 51.4 36.3 52.5

Generic Land 33.1 19.5 19.2 76.0 17.7 32.2 55.4 21.6 30.0 25.1

Tuas Biomedical Park - - - - - - - - - 0.4

Jurong Island 1.1 2.8 6.5 15.6 4.6 6.9 3.4 19.9 6.3 5.0

Wafer Fab Park 9.1 0.1 4.4 46.1 4.9 0.5 0.3 9.8 - 18.0

Business Park 0.7 1.1 0.1 2.6 3.3 0.3 0.1 0.1 0.0 0.6

Logistics Park - - 2.6 - - - - - - -

Seletar Aerospace Park

- - 3.1 0.4 1.9

- - - - 3.5

Ready-Built Facilities (‘000 sqm)

Total 20.8 33.9 44.1 65.3 40.3 28.4 23.3 27.9 62.2 37.4

High-Rise Space3 7.2 22.4 13.7 43.8 24.0 3.0 5.9 7.5 23.5 22.1

Business Park Space 3.2 5.7 0.7 1.7 6.4 - 9.5 0.3 10.1 2.2

Land-Based Factory4 10.2 4.5 28.5 17.9 6.9 23.8 5.3 17.7 21.1 7.3

Workshop Space 0.2 1.3 1.2 1.8 3.0 1.5 2.6 2.4 7.4 5.9

Note:

1. With effect from 1Q 2018, the coverage includes industrial properties transferred from HDB.

2. Excludes Prepared Industrial Land that is tendered out as part of the IGLS programme.

3. Renamed as High-Rise Space (from Flatted Factory) to cover the various types of high-rise space JTC has.

4. Renamed as Land-based Factory (from Standard Factory) to cover the various types of land-based facilities that JTC has.

33

Table 2: Gross Allocation by Allocation Mode (2Q 2017 – 2Q 2018)

Gross Allocation1

2Q 2017 3Q 2017 4Q 2017 1Q 2018 2Q 2018


Total2 43.9 23.5 35.8 140.6 32.5

Direct Allocation3 39.7 13.5 32.8 138.4 24.5

Tender/ Launches4 4.2 9.9 3.0 2.2 8.0


Total 20.8 33.9 44.1 65.3 40.3

Direct Allocation3 14.5 31.2 35.6 54.7 27.5

Tender/ Launches4 6.3 2.7 8.4 10.6 12.8

Note:



3. Refers to land/ space allocated directly by JTC.

4. Refers to land/ space allocated through public tenders or launches.

Table 3: Gross Allocation by Allocation Type (2Q 2017 – 2Q 2018)

Gross Allocation1

2Q 2017 3Q 2017 4Q 2017 1Q 2018 2Q 2018


Total2 43.9 23.5 35.8 140.6 32.5

Lease 1.7 2.9 8.9 73.5 0.1

Tenancy 5.0 0.8 4.8 1.1 -

Licence 37.1 19.7 22.1 66.0 32.4

Note:



34

Table 4: Gross Allocation and Returns of Prepared Industrial Land by Industry (2Q 2017 – 2Q 2018)

Gross Allocation1 (ha) Returns1 (ha)

2Q 2017

3Q 2017

4Q 2017

1Q 2018

2Q 2018

2Q 2017

3Q 2017

4Q 2017

1Q 2018

2Q 2018

Total2 43.9 23.5 35.8 140.6 32.5 39.9 59.2 51.4 36.3 52.5

Manufacturing 32.5 3.7 12.7 103.4 3.8 25.3 37.1 34.6 9.9 31.7

Electronics 9.1 - 3.7 36.7 - - - 9.1 - 16.6

Precision Engineering 1.8 - 0.1 - 1.4 2.7 0.3 0.7 1.6 2.0

Chemicals 0.8 3.4 4.3 15.1 2.1 6.9 2.2 18.3 6.0 5.2

Biomedical Manufacturing

- - - - -

- - - - 0.4

Transport Engineering 20.9 0.2 0.4 44.2 - 15.6 30.8 1.3 - 3.7

General Manufacturing Industries

- 0.2 4.1 7.4 0.2

0.1 3.8 5.3 2.4 3.9

Mfg Related & Supporting 11.4 19.7 23.1 37.2 28.7 14.7 22.0 16.7 26.4 20.8

Information & Communication

- 0.0 - 9.7 -

- - - 4.8 0.0

Professional, Scientific & Technical Activities

0.3 0.1 1.8 9.2 3.1

0.3 - 0.7 1.1 0.3

Transportation & Storage

1.5 8.6 5.1 1.3 -

1.2 6.3 1.0 9.2 4.2

Water Supply, Sewerage & Waste Management

1.1 - 0.0 1.9 0.1

1.9 0.1 0.6 - -

Construction 6.6 4.6 13.0 4.7 5.9

2.7 4.9 2.8 3.9 6.0

Real Estate/ Financial Activities/ Holding Companies

- 1.1 1.1 2.3 11.7

7.6 1.1 - 1.1 1.6

Other Services 2.0 5.4 2.2 8.1 7.9 1.0 9.6 11.7 6.3 8.7

Note:



35

Table 5: Gross Allocation and Returns of Ready-Built Facilities by Industry (2Q 2017 – 2Q 2018)

Gross Allocation1 (‘000 sqm) Returns1 (‘000 sqm)

2Q 2017

3Q 2017

4Q 2017

1Q 2018

2Q 2018

2Q 2017

3Q 2017

4Q 2017

1Q 2018

2Q 2018

Total 20.8 33.9 44.1 65.3 40.3 28.4 23.3 27.9 62.2 37.4

Manufacturing 7.5 18.3 20.8 32.4 18.6 14.1 5.6 14.3 29.1 17.3

Electronics - 10.0 6.7 0.2 0.2 9.6 - 0.2 0.2 0.6

Precision Engineering 3.3 3.0 2.7 15.4 2.7 4.0 2.0 5.3 5.8 3.9

Chemicals - 1.5 1.2 2.3 0.1 - - 3.7 - 0.6

Biomedical Manufacturing

1.2 - 0.0 - 9.2

- 0.1 1.6 6.9 2.0

Transport Engineering - 0.0 7.4 3.0 1.2 - - 0.4 9.7 1.7

General Manufacturing Industries

3.0 3.8 2.8 11.6 5.2

0.5 3.5 3.2 6.6 8.6

Mfg Related & Supporting 13.3 15.6 23.2 32.9 21.7 14.3 17.6 13.6 33.1 20.1

Information & Communication

2.4 1.6 1.7 3.5 1.7 1.0 5.5 0.4 0.6 0.4

Professional, Scientific & Technical Activities

1.6 2.7 4.9 7.1 6.2 8.4 5.5 3.3 10.6 1.9

Transportation & Storage

1.6 - - 2.1 0.1 2.2 0.0 0.1 1.9 0.5

Water Supply, Sewerage & Waste Management

- - - 7.2 1.0 - - - - -

Construction 1.0 2.3 3.7 0.7 4.8 0.5 3.2 0.2 9.2 5.5

Real Estate/ Financial Activities/ Holding Companies

4.3 0.7 0.1 1.2 1.1 0.3 0.5 0.4 0.9 0.2

Other Services 2.4 8.3 12.9 11.1 6.8 1.9 2.8 9.2 10.0 11.5

Note: 1. With effect from 1Q 2018, the coverage includes industrial properties transferred from HDB.

36

Table 6: Total Allocated and Supply by Product Segment (Prepared Industrial Land) (2Q 2017 – 2Q 2018)

Total Allocated1 as at

2Q 2017 3Q 2017 4Q 2017 1Q 2018 2Q 2018


Total2 6,470.2 6,436.9 6,427.6 7,114.4 7,102.4

Generic Land 3,515.0 3,479.4 3,477.2 3,797.8 3,793.9

Tuas Biomedical Park 150.5 150.5 150.5 150.5 150.1

Jurong Island 1,753.9 1,753.2 1,738.8 1,748.1 1,747.7

Wafer Fab Park 125.4 125.1 119.8 165.8 152.8

Business Park 70.5 71.6 71.3 76.2 78.9

Logistics Park 147.5 147.5 150.1 150.1 150.1

Seletar Aerospace Park 50.3 50.3 53.4 46.9 45.4

Land for JTC Ready-Built Facilities (RBF)

657.2 659.3 666.5 978.9 983.6

Supply1

2Q 2017 3Q 2017 4Q 2017 1Q 2018 2Q 2018


Total2 7,450.6 7,458.4 7,475.7 8,141.4 8,138.5

Generic Land 3,967.2 3,975.6 3,990.5 4,238.4 4,211.8

Tuas Biomedical Park 212.9 212.9 212.9 212.9 212.9

Jurong Island 1,941.2 1,940.9 1,940.9 1,937.5 1,939.1

Wafer Fab Park 267.0 267.0 267.0 274.2 274.2

Business Park 121.9 121.9 121.2 127.2 133.1

Logistics Park 157.3 157.3 157.3 157.3 157.3

Seletar Aerospace Park 72.3 72.3 72.9 66.0 66.0

Land for JTC Ready-Built Facilities (RBF)

710.8 710.6 713.2 1,127.8 1,144.1

Note:


2. Includes Prepared Industrial Land that are tendered out as part of the IGLS programme. Data on Prepared Industrial Land from IGLS is

based on date of allocation instead of date of tender award. Date of allocation is normally a few months after date of tender award.

37

Table 7: Total Allocated and Supply by Product Segment (Ready-Built Facilities) (2Q 2017 – 2Q 2018)

Total Allocated1 as at

2Q 2017 3Q 2017 4Q 2017 1Q 2018 2Q 2018


Total 3,050.0 3,061.7 3,092.9 5,105.5 5,106.3

High-Rise Space2 321.1 338.6 360.3 1,482.2 1,483.5

Business Park Space 285.4 281.7 281.7 270.2 273.0

Land-Based Factory3 2,289.1 2,288.3 2,298.9 2,853.4 2,853.0

Workshop Space 154.4 153.1 151.9 499.7 496.8

Supply1

2Q 2017 3Q 2017 4Q 2017 1Q 2018 2Q 2018


Total 3,457.5 3,530.6 3,643.9 6,113.4 6,115.6

High-Rise Space2 479.3 551.4 660.1 1,798.0 1,796.1


Land-Based Factory3 2,497.0 2,497.9 2,502.3 3,463.8 3,468.0

Workshop Space 166.6 166.7 166.8 537.2 537.2

Table 8: Occupancy Rate of Ready-Built Facilities1 (2Q 2017 – 2Q 2018)

2Q 2017 3Q 2017 4Q 2017 1Q 2018 2Q 2018

Ready-Built Facilities (%)

Overall 88.2 86.7 84.9 83.5 83.5

High-Rise Space2 67.0 61.4 54.6 82.4 82.6


Land-Based Factory3 91.7 91.6 91.9 82.4 82.3

Workshop Space 92.7 91.9 91.1 93.0 92.5

Notes:


2. Renamed as High-Rise Space (from Flatted Factory) to cover the various types of high-rise space JTC has.

Renamed as Land-based Factory (from Standard Factory) to cover the various types of land-based facilities that JTC has.

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