Singapore JTC to give more property info

MARKET players can better decide which projects they want to go for when industrial landlord JTC Corporation offers more supply information starting in the first half of next year.

This will give developers a better idea of which businesses will find a certain space appropriate, said Mr Heah Soon Poh, director of the specialised parks development group at JTC Corporation.

Currently, the Urban Redevelopment Authority provides generic supply and demand information to the public through its quarterly reports.

JTC plans to give more details on the types of industrial properties and industry-specific demand.

‘This will help to better match available supply with pipeline demand,’ added Mr Heah.

He explained: ‘We are putting out more details as a result of feedback from private developers.’

JTC holds regular discussion sessions with developers to update them on coming launches and seek feedback about JTC initiatives.

‘We are planning to have more of these engagement sessions at regular intervals in the future,’ Mr Heah said.

Source : Straits Times - 01 Sept 2008

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