QUARTERLY

MARKET REPORT
Industrial Properties

Fourth Quarter 2021

SINGAPORE INDUSTRIAL PROPERTIES
As at Fourth Quarter 2021

Stock & Occupancy

50.7 mil sqm

Available Stock

90.1%
Business Park Occupancy Rate
2.3 Multiple-User
Warehouse

0.0%-pt
Factory
11.5
11.4
Compared to Previous Qtr

25.5
Single-User
Factory 0.2%-pt
Compared to Previous Yr

*Figures in chart are in mil sqm

Rental Price

0.2%
Compared to
2.0%
Compared to
1.4%
Compared to
4.4%
Compared to
Previous Qtr Previous Yr Previous Qtr Previous Yr

Outlook on Upcoming Supply

Expected Completion
1.2 mil sqm 1.6 mil sqm
2.8
Multiple-User Single-User
2022 mil sqm Factory Factory

0.1 mil sqm 0.8 mil sqm

2023 0.9 mil sqm Business Park Warehouse
 EXECUTIVE SUMMARY
1 In 4Q 2021, occupancy rate for the overall industrial property market stood at 90.1%. This was
unchanged compared to the previous quarter, but 0.2 percentage points higher compared to the
previous year. Delays in completion continue to persist. Total available stock rose by only 11,000
sqm in 4Q 2021 compared to the previous quarter, dropping sharply from the quarterly increase of
228,000 sqm in 3Q 2021. For the whole of 2021, total available stock rose by 736,000 sqm. While
this was more than double the increase of 357,000 sqm in 2020, it was still less than the increase of
865,000 sqm in 2019 before COVID-19.

2 In line with the broad recovery of the economy, prices and rentals have continued to rise. In 4Q
2021, price and rental indices of all industrial space rose by 1.4% and 0.2% respectively as compared
to the previous quarter, and 4.4% and 2.0% respectively compared to the previous year.

3 As at end December 2021, around 2.8 million sqm of new industrial space is expected to be
completed in 2022, of which 784,000 sqm was delayed from 2021. Of the upcoming supply, single-
user factory space makes up about 44%, multiple-user factory space makes up 36%, while the
remaining 20% comprises warehouse and business park space.

4 2022 will continue to see the economy recover, with demand for industrial space still projected to be
robust. Any potential rise in occupancy may however be tempered by new completions, although
some delays are still expected in completions. JTC will continue to monitor the market closely and
support the needs of industrialists.

Overview of Price, Rental and Occupancy Rate movements for 4Q 2021

% Change
3Q 2021 4Q 2021 Over Over
Previous Previous
Quarter Year
All Industrial 89.8 91.1 1.4 4.4
Price Multiple-User Factory 92.6 93.9 1.4 4.1
Single-User Factory 80.9 82.1 1.5 4.9
All Industrial 91.2 91.4 0.2 2.0
Multiple-User Factory 89.2 89.5 0.3 2.5
Rental Single-User Factory 96.4 97.1 0.7 1.7
Business Park 112.5 111.9 -0.5 -0.2

Warehouse 85.7 86.0 0.4 2.7

All Industrial 90.1% 90.1% 0.0 0.2
Multiple-User Factory 89.8% 90.2% 0.4 1.7
Occupancy Single-User Factory 90.7% 90.6% -0.1 -0.4
Rate1 Business Park 84.3% 84.5% 0.2 -1.3
Warehouse 90.1% 90.0% -0.1 0.1

Note: 1 The % change refers to absolute change over previous year/quarter.

 STOCK & OCCUPANCY
As at the end of 4Q 2021, there was 50.7 million sqm of industrial space. In
4Q 2021, occupancy rate for the overall industrial property market stood at
90.1%. This was unchanged compared to the previous quarter, but 0.2
50.7 mil sqm 90.1% percentage points higher compared to the previous year. Delays in
completion continue to persist. Total available stock rose by only 11,000
Available Stock Occupancy Rate
sqm in 4Q 2021 compared to the previous quarter, dropping sharply from
Q-o-Q Y-o-Y the quarterly increase of 228,000 sqm in 3Q 2021. For the whole of 2021,
total available stock rose by 736,000 sqm. While this was more than double
0.0
%-pt
0.2
%-pt
the increase of 357,000 sqm in 2020, it was still less than the increase of
865,000 sqm in 2019 before COVID-19.

Change in
Stock Occupancy
(‘000 sqm) Rate (%)
800 92

600
90

400
88
200

86
0
2016Q4

2017Q2

2017Q4

2018Q2

2018Q4

2019Q2

2019Q4

2020Q2

2020Q4

2021Q2

2021Q4
-200 84

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

Multiple-User Factory Single-User Factory

11.5 mil sqm* 25.5 mil sqm*

91.0 90.9 90.9

90.2 90.7 90.6
89.7 89.8
89.0 122 117
88.5 106 88
91 63
71 48 41
28 11 23
2
-3
-33
2020Q4 2021Q4 2020Q4 2021Q4

Business Park Warehouse

2.3 mil sqm* 11.4 mil sqm*

89.9 90.1 90.0

89.8 89.7
169
85.8 85.1 134
84.8 84.3 84.5
93
69 60
61 51 48 36
34 22 40
8 10 7 7
-1 -8 -22-12
2020Q4 2021Q4 2020Q4 2021Q4

Change in Available Stock (‘000 sqm) Change in Occupied Stock (‘000 sqm) Occupancy Rate (%) * Available Stock

Note: The figures for industrial stock are in terms of net floor area.
RENTAL
Q-o-Q Y-o-Y In line with the broad recovery of the economy, rentals of industrial
space continued to rise. In 4Q 3021, the rental index of all industrial
0.2% 2.0% space rose by 0.2% compared to the previous quarter, and 2.0%
compared to the previous year.
Rental Index
(Private Industrial Space)
2012Q4=100

120

100
91.2 91.4
89.6 90.1 90.6

80

60
2016Q4 2017Q4 2018Q4 2019Q4 2020Q4 2021Q4

Multiple-User Factory Single-User Factory

Q-o-Q Y-o-Y Q-o-Q Y-o-Y

0.3% 2.5% 0.7% 1.7%

2020Q4 2020Q4 97.1
96.4
95.5 95.7 95.8
88.9 89.2 89.5
87.3 88.0

2021Q4 2021Q4

Business Park Warehouse

Q-o-Q Y-o-Y Q-o-Q Y-o-Y

0.5% 0.2%
0.4% 2.7%
2020Q4 2020Q4

112.2 112.5 85.7 86.0

112.1 112.2 111.9
84.1 84.3
83.7
2021Q4 2021Q4

Rental Index (Private Industrial Space)

PRICE
Q-o-Q Y-o-Y Prices of industrial space also continued to rise. In 4Q 2021, the price
index of all industrial space rose by 1.4% compared to the previous
quarter, and 4.4% compared to the previous year. Transaction volume of
1.4% 4.4% industrial properties, estimated based on caveats lodged for industrial
properties, also rose by 14% compared to the previous year.

Price Index
2012Q4=100
120

100
89.7 89.8 91.1
87.3 88.1

80

60
2016Q4 2017Q4 2018Q4 2019Q4 2020Q4 2021Q4

Number of
Caveats Lodged
411 432
400 379
358
305
300

200

100

0
2018Q4 2019Q4 2020Q4 2021Q4

Multiple-User Factory Single-User Factory

Q-o-Q Y-o-Y Q-o-Q Y-o-Y

1.4% 4.1% 1.5% 4.9%

2020Q4 2020Q4
93.9 82.1
92.6 92.6
90.2 91.0 80.7 80.9
79.2
78.3

2021Q4 2021Q4

Price Index
 INDUSTRIAL GOVERNMENT LAND SALES
In 4Q 2021, the tender for two Industrial Government Land Sales (IGLS) sites targeted for single-user-
development closed. The site at Plot 7, Jalan Papan attracted 3 bids, while the site at Plot 3, Gambas
Way received no bids.

AWARDED NOT AWARDED

Plot 3, Gambas Way
Plot 7, Jalan Papan • Land area of 0.69 ha
• Land area of 0.88 ha • Received no bids
• Received 3 bids
• Awarded to the highest
bid at $456 psm ppr

An overview of the past successful tender prices for IGLS sites targeted at single-user developments is
shown below.

Successful Tender Price

($ psm ppr)
600 2019Q4 2020Q1 2020Q3 2020Q4 2021Q2 2021Q4

(3) (3)
(2) (4) (2)
400 (1)
(1)

200

0
Dec Feb Feb Jul Oct Jun Oct
2019 2020 2020 2020 2020 2021 2021
Tuas Jalan Papan Gul Circle/Gul Avenue
Note:
1) Figures are shown by tender closing month. Number in bracket refers to the number of bids.
2) There was no successful tender in 2Q 2020, 1Q 2021 and 3Q 2021.
ALLOCATION OF JTC’S
READY-BUILT FACILITIES [RBF]
In 4Q 2021, JTC allocated a total of 88,000 sqm of RBF space to industrialists, which included
69,900 sqm of high-rise space and 11,500 sqm of land-based factory space.

Total RBF returns in 4Q 2021 was 98,100 sqm, of which 52,800 sqm was land-based factory space
and 26,700 sqm was high-rise space. About 82% of the total returns were due to natural expiries or
companies consolidating their operations.

Gross Allocation Returns

(‘000 sqm) (‘000 sqm)
121.1 136.5
110 110
100 100 98.1
92.2
90 88.0 90
80 80 74.3
70 70
61.4 60.6
60 60
54.0
50 50
44.0
40 40
30 30
20 20
10 10
0 0
2020Q4 2021Q1 2021Q2 2021Q3 2021Q4 2020Q4 2021Q1 2021Q2 2021Q3 2021Q4

Among the high-rise space that was allocated, about 56% was in JTC’s newer developments which
include JTC Chemicals Hub @ Tuas South, JTC Space @ Tuas, JTC Logistics Hub @ Gul, trendspace, 1
and 7 North Coast, JTC Food Hub @ Senoko and JTC Bedok Food City.

2 7

1 1. JTC Chemicals Hub @ Tuas South

2. JTC Space @ Tuas
3. JTC Logistics Hub @ Gul
4. trendspace
5. 1 and 7 North Coast
6. JTC Food Hub @ Senoko
7. JTC Bedok Food City

Note: Size of bubble denotes the amount of space allocated.

OUTLOOK ON UPCOMING SUPPLY

In 2022, an estimated 2.8 million sqm of

New Supply (Historical and Upcoming) industrial space could be completed based on
(‘000 sqm)
approved plans as at end December 2021, of
2016 1,823 which 784,000 sqm was delayed from 2021.
2017 1,942 About 44% of the supply is single-user factory
space, typically developed by the industrialists
2018 545
for their own use. Multiple-user factory supply
2019 865 constitutes another 36% of the supply and
2020 357 warehouse and business park space makes up
2021 739
the remaining 20% of the supply.

2022 2,780
Between 2023 and 2025, an additional 1.9
2023 867 million sqm of industrial space is expected to be
2024 697 completed. This amounts to an average annual
supply of about 1.2 million sqm from now until
2025 334
end 2025. As a comparison, the average annual
> 2025 39 supply and demand of industrial space were
Historical Upcoming both around 0.7 million sqm over the past three
years.
Note: The figures for upcoming supply are in terms of
gross floor area, whereas historical changes in available
stock (measured by taking the annual net change of
available stock) are in terms of net floor area.

17

325 units
At the end of 4Q 2021, there were 325 units,
totalling 81,000 sqm in uncompleted strata-titled
developments available for sale. Majority of the
in uncompleted units were in the North Region and expected to
strata-titled developments complete after 2022. About 48% of the units were
available for sale at least 200 sqm in size.
OUTLOOK ON UPCOMING SUPPLY

Multiple-User Factory Single-User Factory

1.5 mil sqm 2.0 mil sqm

997
2022 1,221
2022 513 520
2023 330
2023 218 451 718
2024 255
633 408
2025 152
2024 235
52 > 2025 39 369

Business Park Warehouse

0.5 mil sqm 0.8 mil sqm

2022 79 2022 483

2023 48
2023 271
2024 194
2025 181 2024 13

Upcoming Supply (‘000 sqm)

Note: The figures for upcoming supply are in terms of gross floor area.

NOTE:

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

2) Statistics on occupied/vacant space and occupancy/vacancy rate of industrial space are based on physical occupation.
From 2Q 2020, industrial premises were considered occupied even if on-site operations were halted due to official
restrictions.

3) Scan the QR code to visit J-SPACE for historical and more detailed statistics.
ANNEX –
Industrial Property Market Statistics

A1 Price Statistics 1

A2 Rental Statistics 5

A3 Stock and Vacancy Statistics 8

A4 Potential Supply Statistics 15

A5 Statistics on Industrial Units Available for Sale 17

A6 List of Major Industrial Projects Completed in 4Q 2021 18

A7 List of Major Industrial Projects in the Pipeline as at End of 4Q 2021 19

B Statistics on JTC's Prepared Industrial Land and Ready-Built Facilities 28

 Annex A – Industrial Property Market Statistics

Annex A-1: Price Statistics

Table 1: Quarterly Price Index of Industrial Space (4Q 2020 – 4Q 2021)

%
Change
Market Segment 4Q 2020 1Q 2021 2Q 2021 3Q 2021 4Q 2021 Over
Previous
Quarter
All Industrial 87.3 88.1 89.7 89.8 91.1 1.4
Multiple-User
90.2 91.0 92.6 92.6 93.9 1.4
Factory
Planning Region
Central Region 95.2 96.3 97.9 98.1 99.5 1.4
North Region 78.6 79.8 81.0 80.9 82.9 2.5
West Region 76.4 76.1 77.6 77.9 78.9 1.3
Other Regions 84.0 84.5 86.3 86.0 86.0 0.0
Land-Use Zoning
Business 1 90.9 91.9 93.3 93.4 95.2 1.9
Business 2 76.2 76.5 78.2 78.1 78.4 0.4
Remaining Tenure
< 30 Years 82.8 83.4 85.3 84.6 85.4 0.9
31 – 60 Years 80.5 81.3 82.8 83.0 84.9 2.3
> 60 Years 95.7 96.3 97.6 97.7 97.8 0.1
Single-User Factory 78.3 79.2 80.7 80.9 82.1 1.5

Note:
1. From 1Q 2019, the price index is computed using fixed weights based on 2018 transaction values.

1
Table 2: Quarterly Price Index of Industrial Space (1Q 2019 – 4Q 2021)

Price Index
Period
All Industrial Multiple-User Factory Single-User Factory
1Q 2019 89.9 93.6 79.6
2Q 2019 89.8 93.4 79.7
3Q 2019 89.9 93.4 79.9
4Q 2019 89.7 93.2 79.8
1Q 2020 89.3 92.6 79.7
2Q 2020 88.3 91.2 79.2
3Q 2020 86.4 89.2 77.7
4Q 2020 87.3 90.2 78.3
1Q 2021 88.1 91.0 79.2
2Q 2021 89.7 92.6 80.7
3Q 2021 89.8 92.6 80.9
4Q 2021 91.1 93.9 82.1

Note:
1. From 1Q 2019, the price index is computed using fixed weights based on 2018 transaction values.

2
Table 3: Quarterly Price Index of Multiple-User Factory by Planning Region
(1Q 2019 – 4Q 2021)

Price Index of Multiple-User Factory

Period
Central Region North Region West Region Other Regions
1Q 2019 97.8 81.4 83.3 86.5
2Q 2019 97.4 81.8 83.0 86.1
3Q 2019 97.9 81.4 83.3 85.0
4Q 2019 97.2 82.4 82.9 84.5
1Q 2020 97.1 81.0 82.9 83.3
2Q 2020 96.9 78.2 79.6 83.0
3Q 2020 94.1 77.2 76.4 83.3
4Q 2020 95.2 78.6 76.4 84.0
1Q 2021 96.3 79.8 76.1 84.5
2Q 2021 97.9 81.0 77.6 86.3
3Q 2021 98.1 80.9 77.9 86.0
4Q 2021 99.5 82.9 78.9 86.0

Note:
1. From 1Q 2019, the price index is computed using fixed weights based on 2018 transaction values.

3
Table 4: Quarterly Price Index of Multiple-User Factory by Remaining Tenure and
Land-Use Zoning (1Q 2019 – 4Q 2021)

Price Index of Multiple-User Factory

Period Remaining Tenure Land-Use Zoning

31 – 60
≤ 30 Years > 60 Years Business 1 Business 2
Years
1Q 2019 88.8 82.3 100.4 93.9 80.3
2Q 2019 87.1 83.2 98.6 94.0 79.3
3Q 2019 85.8 83.3 99.3 94.4 78.5
4Q 2019 85.5 82.9 99.4 94.0 78.6
1Q 2020 85.6 82.4 98.4 93.7 77.3
2Q 2020 84.6 80.3 98.8 92.2 76.7
3Q 2020 80.7 79.6 95.5 89.8 75.8
4Q 2020 82.8 80.5 95.7 90.9 76.2
1Q 2021 83.4 81.3 96.3 91.9 76.5
2Q 2021 85.3 82.8 97.6 93.3 78.2
3Q 2021 84.6 83.0 97.7 93.4 78.1
4Q 2021 85.4 84.9 97.8 95.2 78.4

Note:
1. From 1Q 2019, the price index is computed using fixed weights based on 2018 transaction values.

4
Annex A-2: Rental Statistics

Table 5: Quarterly Rental Index of Industrial Space (4Q 2020 – 4Q 2021)

%
Change
Market Segment 4Q 2020 1Q 2020 2Q 2021 3Q 2021 4Q 2021 Over
Previous
Quarter
All Industrial 89.6 90.1 90.6 91.2 91.4 0.2
Multiple-User
87.3 88.0 88.9 89.2 89.5 0.3
Factory
Planning Region
Central Region 89.2 89.8 90.7 90.9 91.1 0.2
North Region 92.7 93.8 93.8 94.3 94.9 0.6
West Region 75.3 76.0 77.1 77.5 77.8 0.4
East Region 88.0 89.0 90.2 90.1 90.8 0.8
Northeast Region 80.5 80.6 81.4 81.6 81.7 0.1
Land-Use Zoning
Business 1 88.4 89.0 89.9 90.2 90.4 0.2
Business 2 80.3 81.2 81.9 82.2 82.6 0.5
Single-User Factory 95.5 95.7 95.8 96.4 97.1 0.7
Business Park 112.1 112.2 112.2 112.5 111.9 -0.5
Warehouse 83.7 84.1 84.3 85.7 86.0 0.4

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. From 1Q 2019, the rental index is computed using fixed weights based on 2018 transaction values.

5
Table 6: Quarterly Rental Index of Industrial Space (1Q 2019 – 4Q 2021)

Rental Index

Period All Multiple-User Single-User Business

Warehouse
Industrial Factory Factory Park

1Q 2019 90.9 88.9 95.8 112.9 85.1

2Q 2019 91.0 89.0 96.3 113.1 84.9
3Q 2019 91.0 89.0 96.8 113.2 84.7
4Q 2019 91.0 88.9 96.9 113.3 84.8
1Q 2020 90.9 88.5 96.7 113.3 85.0
2Q 2020 90.3 88.1 95.7 113.1 84.4
3Q 2020 89.5 87.1 95.0 112.0 83.5
4Q 2020 89.6 87.3 95.5 112.1 83.7
1Q 2021 90.1 88.0 95.7 112.2 84.1
2Q 2021 90.6 88.9 95.8 112.2 84.3
3Q 2021 91.2 89.2 96.4 112.5 85.7
4Q 2021 91.4 89.5 97.1 111.9 86.0

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. From 1Q 2019, the rental index is computed using fixed weights based on 2018 transaction values.

6
Table 7: Quarterly Rental Index of Multiple-User Factory by Planning Region and
Land-Use Zoning (1Q 2019 – 4Q 2021)

Rental Index of Multiple-User Factory

Period Planning Region Land-Use Zoning

Central North West East Northeast Business Business
Region Region Region Region Region 1 2
1Q 2019 90.4 93.9 77.4 90.5 82.7 89.9 82.1
2Q 2019 90.3 94.4 77.5 90.4 83.0 89.9 82.3
3Q 2019 90.3 93.8 77.7 91.0 82.3 89.9 82.2
4Q 2019 90.3 94.0 77.3 91.0 82.3 89.8 82.2
1Q 2020 89.9 93.7 76.7 91.0 81.9 89.4 81.9
2Q 2020 89.8 93.0 76.3 89.1 81.5 89.2 80.8
3Q 2020 88.9 92.3 75.3 87.9 80.5 88.2 80.0
4Q 2020 89.2 92.7 75.3 88.0 80.5 88.4 80.3
1Q 2021 89.8 93.8 76.0 89.0 80.6 89.0 81.2
2Q 2021 90.7 93.8 77.1 90.2 81.4 89.9 81.9
3Q 2021 90.9 94.3 77.5 90.1 81.6 90.2 82.2
4Q 2021 91.1 94.9 77.8 90.8 81.7 90.4 82.6

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. From 1Q 2019, the rental index is computed using fixed weights based on 2018 transaction values.

7
Annex A-3: Stock and Vacancy Statistics

Table 8: Stock and Vacancy Rate of Industrial Space (3Q 2021 – 4Q 2021)

Over Previous
As at As at
Quarter
Property Type Market Indicator 3Q 4Q
Absolute %
2021 2021
Change Change
Available (‘000 sq m) 50,718 50,729 11 0.0
Occupied (‘000 sq m) 45,687 45,705 18 0.0
All Industrial Space
Vacant (‘000 sq m) 5,030 5,023 -7 -0.1
Vacancy Rate (%) 9.9 9.9 0.0 -
Available (‘000 sq m) 11,558 11,542 -16 -0.1
Multiple-User Occupied (‘000 sq m) 10,383 10,411 28 0.3
Factory Vacant (‘000 sq m) 1,176 1,131 -45 -3.8
Vacancy Rate (%) 10.2 9.8 -0.4 -
Available (‘000 sq m) 25,542 25,544 2 0.0
Single-User Occupied (‘000 sq m) 23,172 23,139 -33 -0.1
Factory Vacant (‘000 sq m) 2,369 2,405 36 1.5
Vacancy Rate (%) 9.3 9.4 0.1 -
Available (‘000 sq m) 2,302 2,280 -22 -1.0
Occupied (‘000 sq m) 1,939 1,927 -12 -0.6
Business Park
Vacant (‘000 sq m) 362 352 -10 -2.8
Vacancy Rate (%) 15.7 15.5 -0.2 -
Available (‘000 sq m) 11,316 11,364 48 0.4
Warehouse Occupied (‘000 sq m) 10,193 10,229 36 0.4
Space Vacant (‘000 sq m) 1,123 1,135 12 1.1
Vacancy Rate (%) 9.9 10.0 0.1 -

Note:
1. The figures may not add up due to rounding.
2. Vacancy rate is calculated by taking the ratio of the exact vacant and available floor area. It may not be the same as the ratio of the rounded
vacant and available floor area.
3. The statistics on occupied/vacant space and occupancy/vacancy rate of industrial space are based on physical occupation. From 2Q 2020,
industrial premises were considered occupied even if on-site operations were halted due to official restrictions.

8
Table 9: Stock and Vacancy Rate of All Industrial Space (1Q 2019 – 4Q 2021)

Stock (‘000 sq m) Vacancy Rate

Period
Available Occupied Vacant (%)

1Q 2019 49,096 43,858 5,238 10.7

2Q 2019 49,278 44,030 5,248 10.7
3Q 2019 49,631 44,324 5,306 10.7
4Q 2019 49,633 44,288 5,346 10.8
1Q 2020 49,832 44,431 5,401 10.8
2Q 2020 49,930 44,639 5,291 10.6
3Q 2020 49,952 44,747 5,205 10.4
4Q 2020 49,990 44,962 5,028 10.1
1Q 2021 50,116 45,101 5,015 10.0
2Q 2021 50,490 45,467 5,023 9.9
3Q 2021 50,718 45,687 5,030 9.9
4Q 2021 50,729 45,705 5,023 9.9

Note:
1. The figures may not add up due to rounding.
2. Vacancy rate is calculated by taking the ratio of the exact vacant and available floor area. It may not be the same as the ratio of the rounded
vacant and available floor area.
3. The statistics on occupied/vacant space and occupancy/vacancy rate of industrial space are based on physical occupation. From 2Q 2020,
industrial premises were considered occupied even if on-site operations were halted due to official restrictions.

9
Table 10: Stock and Vacancy Rate of Multiple-User Factory Space
(1Q 2019 – 4Q 2021)

Stock (‘000 sq m) Vacancy Rate

Period
Available Occupied Vacant (%)

1Q 2019 11,410 9,845 1,566 13.7

2Q 2019 11,365 9,912 1,454 12.8
3Q 2019 11,363 9,894 1,469 12.9
4Q 2019 11,310 9,898 1,413 12.5
1Q 2020 11,328 9,963 1,365 12.1
2Q 2020 11,383 9,964 1,419 12.5
3Q 2020 11,387 9,993 1,394 12.2
4Q 2020 11,370 10,064 1,306 11.5
1Q 2021 11,407 10,155 1,251 11.0
2Q 2021 11,460 10,277 1,184 10.3
3Q 2021 11,558 10,383 1,176 10.2
4Q 2021 11,542 10,411 1,131 9.8

Note:
1. The figures may not add up due to rounding.
2. Vacancy rate is calculated by taking the ratio of the exact vacant and available floor area. It may not be the same as the ratio of the rounded
vacant and available floor area.
3. The statistics on occupied/vacant space and occupancy/vacancy rate of industrial space are based on physical occupation. From 2Q 2020,
industrial premises were considered occupied even if on-site operations were halted due to official restrictions.

10
Table 11: Stock and Vacancy Rate of Single-User Factory Space
(1Q 2019 – 4Q 2021)

Stock (‘000 sq m) Vacancy Rate

Period
Available Occupied Vacant (%)

1Q 2019 24,706 22,520 2,186 8.8

2Q 2019 24,864 22,600 2,264 9.1
3Q 2019 25,104 22,878 2,226 8.9
4Q 2019 25,142 22,833 2,309 9.2
1Q 2020 25,277 22,931 2,346 9.3
2Q 2020 25,295 23,037 2,258 8.9
3Q 2020 25,303 23,023 2,280 9.0
4Q 2020 25,351 23,064 2,287 9.0
1Q 2021 25,362 23,061 2,301 9.1
2Q 2021 25,479 23,149 2,330 9.1
3Q 2021 25,542 23,172 2,369 9.3
4Q 2021 25,544 23,139 2,405 9.4

Note:
1. The figures may not add up due to rounding.
2. Vacancy rate is calculated by taking the ratio of the exact vacant and available floor area. It may not be the same as the ratio of the rounded
vacant and available floor area.
3. The statistics on occupied/vacant space and occupancy/vacancy rate of industrial space are based on physical occupation. From 2Q 2020,
industrial premises were considered occupied even if on-site operations were halted due to official restrictions.

11
Table 12: Stock and Vacancy Rate of Business Park Space (1Q 2019 – 4Q 2021)

Stock (‘000 sq m) Vacancy Rate

Period
Available Occupied Vacant (%)

1Q 2019 2,201 1,883 317 14.4

2Q 2019 2,200 1,892 308 14.0
3Q 2019 2,200 1,896 303 13.8
4Q 2019 2,199 1,897 303 13.8
1Q 2020 2,197 1,889 308 14.0
2Q 2020 2,195 1,870 324 14.8
3Q 2020 2,198 1,877 322 14.6
4Q 2020 2,197 1,885 313 14.2
1Q 2021 2,207 1,877 330 14.9
2Q 2021 2,241 1,899 342 15.2
3Q 2021 2,302 1,939 362 15.7
4Q 2021 2,280 1,927 352 15.5

Note:
1. The figures may not add up due to rounding.
2. Vacancy rate is calculated by taking the ratio of the exact vacant and available floor area. It may not be the same as the ratio of the rounded
vacant and available floor area.
3. The statistics on occupied/vacant space and occupancy/vacancy rate of industrial space are based on physical occupation. From 2Q 2020,
industrial premises were considered occupied even if on-site operations were halted due to official restrictions.

12
Table 13: Stock and Vacancy Rate of Warehouse Space (1Q 2019 – 4Q 2021)

Stock (‘000 sq m) Vacancy Rate

Period
Available Occupied Vacant (%)

1Q 2019 10,778 9,609 1,169 10.8

2Q 2019 10,849 9,627 1,222 11.3
3Q 2019 10,963 9,656 1,307 11.9
4Q 2019 10,981 9,660 1,321 12.0
1Q 2020 11,030 9,649 1,381 12.5
2Q 2020 11,057 9,767 1,289 11.7
3Q 2020 11,064 9,855 1,209 10.9
4Q 2020 11,071 9,948 1,123 10.1
1Q 2021 11,140 10,008 1,133 10.2
2Q 2021 11,309 10,142 1,167 10.3
3Q 2021 11,316 10,193 1,123 9.9
4Q 2021 11,364 10,229 1,135 10.0

Note:
1. The figures may not add up due to rounding.
2. Vacancy rate is calculated by taking the ratio of the exact vacant and available floor area. It may not be the same as the ratio of the rounded
vacant and available floor area.
3. The statistics on occupied/vacant space and occupancy/vacancy rate of industrial space are based on physical occupation. From 2Q 2020,
industrial premises were considered occupied even if on-site operations were halted due to official restrictions.

13
Table 14: Available Stock and Occupancy Rate of Newly Completed Private
Multiple-User Factory Space (1Q 2019 – 4Q 2021)

Year of Completion

Period 2018 2019 2020 2021 2018 2019 2020 2021

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

1Q 2019 294 15 - - 55.8 13.2 - -
2Q 2019 293 57 - - 63.1 8.3 - -
3Q 2019 293 61 - - 67.0 11.0 - -
4Q 2019 293 61 - - 70.8 11.0 - -
1Q 2020 293 61 27 - 74.4 12.3 0.0 -
2Q 2020 293 61 29 - 76.0 48.0 12.3 -
3Q 2020 293 61 35 - 77.8 51.0 14.6 -
4Q 2020 293 61 35 - 79.1 55.7 26.2 -
1Q 2021 293 61 44 26 82.5 52.2 44.4 53.3
2Q 2021 293 61 44 77 84.0 54.9 56.6 19.7
3Q 2021 293 61 44 119 85.3 59.1 62.7 23.2
4Q 2021 293 61 44 119 86.1 62.1 63.1 30.7

Note:
1. The available space refers to the total amount of net 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.
2. The statistics on occupied/vacant space and occupancy/vacancy rate of industrial space are based on physical occupation. From 2Q 2020,
industrial premises were considered occupied even if on-site operations were halted due to official restrictions.

Table 15: Available Stock of Industrial Space by Type of Industrial Space and
Land-Use Zoning as at End of 4Q 2021

‘000 sq m net
Land-Use Zoning
Industrial Space Total Floor Area
Business 1 Business 2
All Industrial Space 50,729 11,335 37,114
Multiple-User Factory 11,542 6,450 5,091

Single-User Factory 25,544 2,986 22,558

Business Park 2,280 - -

Warehouse Space 11,364 1,899 9,465

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

14
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 4Q 2021

‘000 sq m gross
All Industrial Space Total 2022 2023 2024 2025 2026 >2026
Total 4,717 2,780 867 697 334 39 -
Under Construction 3,572 2,323 555 598 96 - -
Planned 1,145 457 312 99 237 39 -
Written Permission 706 396 197 17 90 5 -
Provisional Permission 314 61 102 38 113 - -
Others 125 - 13 43 34 35 -
Multiple-User Factory 1,450 997 218 235 - - -
Under Construction 1,340 944 187 210 - - -
Planned 110 53 32 25 - - -
Written Permission 49 44 4 - - - -
Provisional Permission 61 9 28 25 - - -
Others - - - - - - -
Single-User Factory 1,998 1,221 330 255 152 39 -
Under Construction 1,379 908 181 194 96 - -
Planned 619 313 149 61 56 39 -
Written Permission 389 287 69 7 22 5 -
Provisional Permission 104 26 67 11 - - -
Others 125 - 13 43 34 35 -
Business Park 503 79 48 194 181 - -
Under Construction 321 79 48 194 - - -
Planned 182 0 - - 181 - -
Written Permission 69 - - - 69 - -
Provisional Permission 113 0 - - 113 - -
Others - - - - - - -
Warehouse 767 483 271 13 - - -
Under Construction 532 393 139 - - - -
Planned 235 91 132 13 - - -
Written Permission 199 65 124 10 - - -
Provisional Permission 36 26 8 2 - - -
Others - - - - - - -

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

15
Table 17: Supply of Industrial Space by Property Type, Usage and Expected Year of
Completion as at End of 4Q 2021

‘000 sq m gross
All Industrial Space Total 2022 2023 2024 2025 2026 >2026
Total 4,717 2,780 867 697 334 39 -
Business 1 183 138 20 25 - - -
Business 2 4,031 2,563 799 478 152 39 -
Business Park 503 79 48 194 181 - -
Multiple-User Factory 1,450 997 218 235 - - -
Business 1 119 80 16 23 - - -
Business 2 1,330 916 202 212 - - -
Single-User Factory 1,998 1,221 330 255 152 39 -
Business 1 52 48 4 - - - -
Business 2 1,946 1,173 326 255 152 39 -
Business Park 503 79 48 194 181 - -
Warehouse Space 767 483 271 13 - - -
Business 1 12 9 - 2 - - -
Business 2 755 474 271 10 - - -

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

16
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 4Q 2021

Units Available
Floor Area (sq m) Total % Sold
for Sale
Total 841 325 61
< 200 sqm 497 155 69
200 – 299 sqm 127 39 69
≥ 300 sqm 217 131 40

Table 19: Industrial Units Available for Sale in Uncompleted Strata-Titled

Developments by Planning Region as at End of 4Q 2021

Units Available
Planning Region Total % Sold
for Sale
Total 841 325 61
North 458 286 38
Others 383 39 90

Table 20: Industrial Units Available for Sale in Uncompleted Strata-Titled

Developments by Expected Completion Year as at End of 4Q 2021

Expected Units Available

Total % Sold
Completion Year for Sale
Total 841 325 61
2022 383 39 90
>2022 458 286 38

Note:
1. Industrial units available for sale in uncompleted strata-titled developments by land-use zoning was removed from the publication to
safeguard data confidentiality.

17
Annex A-6: List of Major Industrial Projects Completed in 4Q 2021

Gross Floor
Project Gross
Description and Location of Area Granted
Name of Developer Floor Area
Project TOP in the
(sq m)
Quarter (sq m)
SINGLE-USER FACTORY PROJECT
Public Sector
JTC aeroSpaceThree at 7, 7A to 7F, 9, 5,400
JTC Corporation 15,520
9A Seletar Aerospace Link (9,450)

Sub-Total 15,520 5,400

SINGLE-USER FACTORY PROJECT

Private Sector
11,390
Samwoh Smart Hub at 12 Kranji Way Samwoh Corporation Pte Ltd 32,160
(32,160)

Single-user factory at 4A Gul Drive H T Glass Pte Ltd 4,810 4,810

Single-user factory at 259 Pandan Loop Ha Li Fa Pte Ltd 3,660 3,660

Single-user factory at 94 Tuas South

Hydrochem (S) Pte Ltd 48,630 48,630
Avenue 3

Sub-Total 89,260 68,490

Total 104,780 73,890

WAREHOUSE PROJECT
Private Sector
38,720
Logos Ehub at 4 Pandan Crescent Pandan Crescent Pte Ltd 119,780
(38,720)

Sub-Total 119,780 38,720

Total 119,780 38,720

Note:
1. Includes (i) all new erection, and (ii) extension and additions/alterations projects if the Gross Floor Area (GFA) of the full or partial completion
is 7,000 sqm and above.
2. From 4Q 2018 onwards, it will also include partial completion of extension and additions/alterations projects if the project’s overall pipeline
GFA is 7,000 sqm and above.
3. Completed projects will not be published in the listing if overall pipeline GFA of the extension and additions/alterations projects fall below
7,000 sqm.
4. Figures in parentheses refer to the total Gross Floor Area (GFA) granted TOP for the development to date.

18
Annex A-7: List of Major Industrial Projects in the Pipeline as at End of 4Q 2021

Gross Floor Expected

Description and Location of Project Name of Developer Area Year of
(sq m) Final TOP

MULTIPLE-USER FACTORY PROJECT

Public Sector

Bulim Square at Bulim Lane 1/2 JTC Corporation 157,550 2024

JTC Defu Industrial City at Defu South Street 1 JTC Corporation 326,290 2022

JTC Space @ AMK at Ang Mo Kio Street 64/65 JTC Corporation 116,630 2023

Kranji Green at Kranji Loop JTC Corporation 133,040 2022

Multiple-user factory at Tuas Western Coast JTC Corporation 1,980 2022

TimMac @ Kranji at Kranji Loop/Kranji Road JTC Corporation 143,370 2022

Sub-Total 878,860

MULTIPLE-USER FACTORY PROJECT

Private Sector
Additions/alterations to existing factory at Ang
7000 AMK LLP 24,690 2023
Mo Kio Avenue 5
Additions/alterations to existing factory at
Wujie Times Square Pte Ltd 9,130 na
Macpherson Road

Apex Foodworks at Kim Chuan Terrace KC Industries Pte Ltd 4,760 na

Ascent @ Gambas at Gambas Way SB (Gambas) Investment Pte Ltd 29,900 2023

Citrine Foodland @ 33 Kim Chuan at Kim Chuan

Goodland Citrine Pte Ltd 3,540 na
Drive

CT FoodChain at Pandan Loop CT @ Pandan Pte Ltd 17,250 na

Foodfab@Mandai at Mandai Estate Mandai 7 JV Pte Ltd 9,570 2023

IN SPACE at New Industrial Road SLB-Oxley (NIR) Pte Ltd 14,480 na

Ispring at New Industrial Road SB (29NIR) Investment Pte Ltd 9,710 2022

Multiple-user factory at Aljunied Road Asia Headquarters Pte Ltd 1,400 2022

Multiple-user factory at Genting Road D Investments Pte Ltd 2,450 na

Multiple-user factory at Jalan Mesin Queensgate Realty Pte Ltd 1,970 na

Multiple-user factory at Kallang Way Mapletree Industrial Trust 80,420 2022

Multiple-user factory at Kampong Ampat Woodlands Smartisan Pte Ltd 15,540 2024

19
 Gross Floor Expected
Description and Location of Project Name of Developer Area Year of
(sq m) Final TOP

MULTIPLE-USER FACTORY PROJECT

Private Sector

Multiple-user factory at Kim Chuan Drive IKI Shop Pte Ltd 1,990 na

Multiple-user factory at Kim Chuan Drive Kims Land Pte Ltd 7,690 na

Multiple-user factory at Kim Chuan Lane Ember Properties Pte Ltd 2,440 na

AirTrunk Singapore Holding Pte

Multiple-user factory at Loyang Drive 22,230 na
Ltd

Multiple-user factory at Mandai Estate Chip Tiong Investment Pte Ltd 18,390 na

Multiple-user factory at New Industrial Road TAS Services Pte Ltd 7,020 na

Multiple-user factory at Playfair Road AC Hesed Development Pte Ltd 1,690 2023

Multiple-user factory at Playfair Road Lian Beng Investment Pte Ltd 1,680 na

Multiple-user factory at Playfair Road LWH Playfair Pte Ltd 2,330 na

Multiple-user factory at Senang Crescent Kah Land Pte Ltd 5,720 na

Multiple-user factory at Tagore Industrial

TCSP Pte Ltd 4,090 na
Avenue

Multiple-user factory at Tannery Lane <<Individual>> 2,180 na

Multiple-user industrial development at Genting

Metal House Investment Pte Ltd 5,590 na
Lane
Soon Hock Investment Group
Polaris @ Woodlands at Woodlands Avenue 12 52,340 na
Pte Ltd
SB (Yung Ho) Investment Pte.
REVV at Corporation Drive 32,000 na
Ltd.

Solaris @Tai Seng at Tai Seng Avenue SB (Ipark) Investment Pte. Ltd. 105,250 2022

Space 21 at Lorong 21 Geylang JVA Katong Pte Ltd 3,560 2022

Trion at Kallang Junction SB (17KJ) Investment Pte Ltd 12,040 na

RBC Investor Services Trust

Tuas Vista at Tuas South Avenue 2 31,060 na
Singapore Ltd

Ubix at Ubi Road 4 Ascendas REIT 17,100 2022

Sub-Total 561,200

Total 1,440,060

20
 Gross Floor Expected
Description and Location of Project Name of Developer Area Year of
(sq m) Final TOP
SINGLE-USER FACTORY PROJECT

Public Sector

JTC aeroSpace Three at Seletar Aerospace Link JTC Corporation 6,070 2022

JTC semiconSpace @ Tampines at Tampines

JTC Corporation 11,280 2022
Industrial Crescent

Sub-Total 17,350

SINGLE-USER FACTORY PROJECT

Private Sector
Additions/alterations to existing factory at Singapore Technologies
70 2022
Jurong East Street 21 Electronics Limited
Additions/alterations to existing factory at
ExxonMobil Asia Pacific Pte Ltd 19,230 na
Jurong Island Highway
Additions/alterations to existing factory at North Micron Semiconductor Asia
34,130 2022
Coast Drive Operations Pte Ltd
Additions/alterations to existing factory at North Micron Semiconductor Asia
48,960 na
Coast Drive Operations Pte Ltd
Additions/alterations to existing factory at RBC Investor Services Trust
12,570 na
Senoko Loop Singapore Ltd
Additions/alterations to existing factory at
Coim Asia Pacific Pte Ltd 13,290 na
Seraya Place
CIBA Vision Asian
Additions/alterations to existing factory at Tuas
Manufacturing & Logistics Pte 7,910 na
South Avenue 3
Ltd
Additions/alterations to existing factory at Tuas Pfizer Asia Manufacturing Pte
44,500 na
South Avenue 6 Ltd
Additions/alterations to existing factory at Tuas
Neste Singapore Pte Ltd 31,400 na
South Lane
Additions/alterations to existing industrial
WCA Pte Ltd 22,480 2023
development at Jalan Ahmad Ibrahim
Additions/alterations to existing industrial
ExxonMobil Asia Pacific Pte Ltd 11,670 na
development at Pioneer Road
Additions/alterations to existing industrial
Jurong Shipyard Pte Ltd 27,150 na
development at Tuas South Boulevard

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

Logos Penjuru Logistics Centre at Tanjong

2TPC Pte Ltd 11,780 na
Penjuru Crescent
China Jingye Construction
MCC Innocentre at Jalan Papan 9,240 na
Engineering (S) Pte Ltd

Minwu Industrial Building at Genting Lane Spireworks 1 Pte Ltd 1,510 na

Paradise Group HQ at Defu Lane 10 Paradise Group Holdings Pte Ltd 9,690 na

21
 Gross Floor Expected
Description and Location of Project Name of Developer Area Year of
(sq m) Final TOP

SINGLE-USER FACTORY PROJECT

Private Sector

Singapore Gems Building at Kung Chong Road Regal Haus Pte Ltd 2,200 na

Octava (S) Property Investments

Single-user factory at Alexandra Terrace 3,160 na
Pte Ltd

Single-user factory at Ayer Merbau Road Baker Hughes Services Pte Ltd 4,140 na

Single-user factory at Benoi Road JP Nelson Equipment Pte Ltd 13,680 na

Single-user factory at Chin Bee Road Lim Traders Pte. Ltd. 5,990 na

Single-user factory at Chin Bee Road Omni Aquatic Supplies Pte Ltd 10,130 na

Single-user factory at Defu Lane 10 STT Defu 3 Pte Ltd 14,470 2022

Single-user factory at Genting Lane Memphis 1 Pte Ltd 44,350 na

Single-user factory at Gul Circle Continental Steel Pte Ltd 14,830 na

Single-user factory at Jalan Lembah Kallang Knowledge Computers Pte Ltd 1,620 na

Single-user factory at Jurong Port Road Island Concrete (Private) Limited 5,000 na

Single-user factory at Jurong Port Road Sinmix Pte Ltd 3,570 na

Single-user factory at Jurong Port Road Star Ready-Mix Pte Ltd 3,860 na

Single-user factory at Jurong Port Road YTL Concrete (S) Pte Ltd 1,120 na

Hyundai Motor Singapore Pte

Single-user factory at Jurong West Avenue 2 86,900 na
Ltd

Single-user factory at Kampong Ampat Naili Print Media Pte Ltd 1,110 2022

Equatorial Marine Fuel

Single-user factory at Kim Chuan Drive 3,320 na
Management Services Pte Ltd

Single-user factory at Kim Chuan Terrace First Capital Pte Ltd 1,400 na

Single-user factory at Kranji Crescent Kiat Lee Machinery Pte Ltd 13,920 na

Single-user factory at Kranji Loop Lian Hup Brothers Pte Ltd 13,490 2022

Single-user factory at Kranji Way Huationg Holdings Pte Ltd 6,350 2022

Single-user factory at Kung Chong Road/Chang

Stuttgart Auto Pte Ltd 8,800 na
Charn Road

Single-user factory at Lok Yang Way Google Asia Pacific Pte Ltd 75,690 2024

22
 Gross Floor Expected
Description and Location of Project Name of Developer Area Year of
(sq m) Final TOP

SINGLE-USER FACTORY PROJECT

Private Sector

Single-user factory at Lorong 21 Geylang Wellprime Pte Ltd 2,090 na

Amazon Asia-Pacific Resource

Single-user factory at Loyang Drive 24,130 na
Pte Ltd

Single-user factory at Pioneer Sector Lane OKH Holdings Pte Ltd 12,550 2022

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

Single-user factory at Seletar North Link HL-Sunway JV Pte Ltd 65,320 2022

Export House Lightings (1978)

Single-user factory at Senang Crescent 620 2022
Pte Ltd

Single-user factory at Senang Crescent PT-G Builders Pte Ltd 650 na

Yung Tat Lee Engineering Pte

Single-user factory at Senang Crescent 650 2022
Ltd
Lian Beng Engineering &
Single-user factory at Senoko Drive 5,570 na
Machinery Pte Ltd

Single-user factory at Senoko Way Fuji Bridex Pte Ltd 7,850 na

Single-user factory at Senoko Way Pollisum Engineering Pte Ltd 5,000 na

Amazon Asia-Pacific Resource

Single-user factory at Sunview Drive 20,690 na
Pte Ltd

Single-user factory at Sunview Way Malkoha Pte Ltd 171,340 na

Single-user factory at Tagore Lane Chip Lee Jewellery Pte Ltd 970 na

Single-user factory at Tagore Lane Chuing Xin Enginerring Pte Ltd 1,010 na

Single-user factory at Tagore Lane Dong Jian (Singapore) Pte Ltd 2,540 na

Single-user factory at Tagore Lane Packagers Pte Ltd 810 na

Quek & Quek Civil Engineering

Single-user factory at Tagore Lane 940 na
Pte Ltd

Single-user factory at Tannery Lane Jincai Holdings Pte Ltd 1,820 na

Single-user factory at Tuas Avenue 12 Opto-Pharm Pte Ltd 6,910 na

Single-user factory at Tuas Avenue 13 AST Group Pte Ltd 7,100 2022

Single-user factory at Tuas Avenue 13 World Metal Group Pte Ltd 5,670 2022

Single-user factory at Tuas Avenue 18A Progressive Builders Pte Ltd 2,820 na

23
 Gross Floor Expected
Description and Location of Project Name of Developer Area Year of
(sq m) Final TOP

SINGLE-USER FACTORY PROJECT

Private Sector

Single-user factory at Tuas Basin Lane Banyan Marine (S) Pte Ltd 650 na

Single-user factory at Tuas Basin Link Avance Living Pte Ltd 7,310 na

Single-user factory at Tuas South Avenue 2 Chem-Solv Technologies Pte Ltd 6,510 na

Single-user factory at Tuas South Avenue 2 JE Synergy Pte Ltd 13,410 na

Single-user factory at Tuas South Avenue 2 ST Engineering Marine Ltd 21,540 na

Single-user factory at Tuas South Link 2 Hiap Shing Construction Pte. Ltd. 3,570 2022

Single-user factory at Tuas South Link 2 Zhao Yang Geotechnic Pte Ltd 4,280 2023

Asia Metal Engineering &

Single-user factory at Tuas South Link 3 3,910 na
Trading Pte Ltd

Single-user factory at Tuas South Link 3 Bonco Enterprise Pte Ltd 5,010 na

G.T.H. Engineering &

Single-user factory at Tuas South Link 3 6,570 2022
Construction Pte Ltd

Single-user factory at Tuas South Link 3 Goh Sin Guan Huat Pte Ltd 3,570 2023

Single-user factory at Tuas South Street 2 Sanofi Manufacturing Pte Ltd 35,290 na

Single-user factory at Tuas South Street 15 Wah & Hua Pte Ltd 10,580 na

Single-user factory at Tuas South Walk Catermas Engineering Pte Ltd 5,860 na

Singapore Salvage Engineers Pte

Single-user factory at Tuas South Walk 3,290 na
Ltd

Single-user factory at Tuas South Walk YTC Shipyard Pte.Ltd 2,820 na

Single-user factory at Tuas West Avenue Progressive Builders Pte Ltd 8,910 na

Single-user factory at Woodlands Industrial Park Global Foundries Singapore Pte

96,200 na
D Street 2 Ltd
Single-user factory at Woodlands Industrial Park Whye Wah Development &
12,350 2023
E2 Construction Pte Ltd
Single-user factory at Woodlands Industrial Park
Microsoft Operations Pte Ltd 32,530 na
E9

Single-user factory at Woodlands Terrace F & G Food Pte Ltd 3,210 na

Single-user factory at Woodlands Terrace Hiao Giap Holdings Pte Ltd 3,090 na

Single-user industrial development at Aljunied

Exeo Global Pte Ltd 8,070 2022
Avenue 3

24
 Gross Floor Expected
Description and Location of Project Name of Developer Area Year of
(sq m) Final TOP

SINGLE-USER FACTORY PROJECT

Private Sector
Single-user industrial development at Banyan
Arkema Pte Ltd 17,860 na
Avenue

Single-user industrial development at Bulim Walk Shimano Singapore Pte Ltd 35,670 na

Single-user industrial development at Chin Bee

OJJ Foods Pte Ltd 14,250 2022
Avenue
Single-user industrial development at Senoko
Tak Product & Services Pte Ltd 4,720 na
Loop
Single-user industrial development at Tuas
Peck Tiong Choon Pte Ltd 7,040 2024
Avenue 13

Single-user industrial development at Tuas Link 3 F&N Foods Pte Ltd 14,280 na

Single-user industrial development at Tuas Link 4 3M Innovation Singapore Pte Ltd 27,500 na

Tee Yih Jia Food Manufacturing

Tee Yih Jia Food Hub at Senoko Road 83,260 2022
Pte Ltd

Sub-Total 1,533,530

Total 1,550,880

BUSINESS PARK PROJECT

Public Sector

Business park development at Punggol Way JTC Corporation 165,290 2024

Business park development at Punggol Way JTC Corporation 68,950 2025

CleanTech Three at Cleantech Loop JTC Corporation 25,830 2022

Sub-Total 260,070

BUSINESS PARK PROJECT

Private Sector
Additions/alterations to existing business park
PRE 15 Pte Ltd 9,830 na
development at Venture Avenue
Business park development at Changi Business
Kajima Development Pte Ltd 12,970 na
Park Crescent
Business park development at Science Park Science Park Property Trustee
28,820 na
Drive Pte Ltd
Business park development at Science Park
SPRINT Plot 1 TM Pte Ltd 112,530 na
Drive

Elementum at North Buona Vista Drive HB Universal Pte Ltd 35,180 na

25
 Gross Floor Expected
Description and Location of Project Name of Developer Area Year of
(sq m) Final TOP
BUSINESS PARK PROJECT
Private Sector
Surbana Jurong Capital (JID) Pte
Surbana Jurong Campus at Cleantech Loop 41,350 2022
Ltd

Sub-Total 240,680

Total 500,750

WAREHOUSE PROJECT
Public Sector

JTC Logistics Hub @ Gul at Gul Circle JTC Corporation 54,780 2023

Sub-Total 54,780

WAREHOUSE PROJECT
Private Sector

2PS1 at Pioneer Sector 1 Soilbuild Business Park REIT 70,330 2022

Additions/alterations to existing industrial

WCA Pte Ltd 6,220 2023
development at Jalan Ahmad Ibrahim
Additions/alterations to existing industrial
Tuas South Avenue Pte Ltd 78,070 na
development at Tuas South Avenue 14
Fairprice Group Fresh Food Distribution Centre
NTUC Fairprice Co-operative Ltd 69,610 na
at Sunview Road

Logos eHub at Pandan Crescent Pandan Crescent Pte Ltd 81,050 na

Logos Penjuru Logistics Centre at Tanjong

2TPC Pte Ltd 33,860 na
Penjuru Crescent
Multiple-user industrial development at Genting
Metal House Investment Pte Ltd 260 na
Lane

Singapore Gems Building at Kung Chong Road Regal Haus Pte Ltd 1,850 na

Single-user industrial development at Aljunied

Exeo Global Pte Ltd 2,680 2022
Avenue 3
Single-user industrial development at Banyan
Arkema Pte Ltd 740 na
Avenue

Single-user industrial development at Bulim Walk Shimano Singapore Pte Ltd 6,770 na

Single-user industrial development at Chin Bee

OJJ Foods Pte Ltd 3,830 2022
Avenue
Single-user industrial development at Senoko
Tak Product & Services Pte Ltd 1,990 na
Loop
Single-user industrial development at Tuas
Peck Tiong Choon Pte Ltd 10,280 2024
Avenue 13

Single-user industrial development at Tuas Link 3 F&N Foods Pte Ltd 20,500 na

26
 Gross Floor Expected
Description and Location of Project Name of Developer Area Year of
(sq m) Final TOP

WAREHOUSE PROJECT
Private Sector

Single-user industrial development at Tuas Link 4 3M Innovation Singapore Pte Ltd 2,880 na

Star International at Sungei Kadut Street 2 Star Furniture Pte Ltd 19,050 2022

Tee Yih Jia Food Manufacturing

Tee Yih Jia Food Hub at Senoko Road 16,740 2022
Pte Ltd
Kuan Aik Hong Construction Pte
Warehouse development at Chai Chee Lane 2,230 na
Ltd

Warehouse development at Penjuru Lane ACW Holdings Pte Ltd 46,620 na

Warehouse development at Penjuru Lane Soon Bee Huat Trading Pte Ltd 24,320 2022

Warehouse development at Pesek Road SPCI Advance Pte Ltd 9,100 2022

Warehouse development at Senoko Drive TC Import & Export Pte Ltd 8,080 na

Warehouse development at Senoko Loop Tiong Nam Logistics (S) Pte Ltd 24,940 2022

Warehouse development at Senoko Way Angkasa Daehan Steel Pte Ltd 3,110 na

Warehouse development at Sunview Road Allied Sunview Pte Ltd 11,6810 na

Warehouse development at Tagore Industrial

Ang Mo Supermarket Pte Ltd 2,500 na
Avenue

Warehouse development at Tuas Avenue 11 Neo Hardware Pte Ltd 7,780 na

Warehouse development at Tuas Avenue 13 Drex-Chem Technologies Pte Ltd 4,730 na

Sub-Total 676,930

Total 731,710

Note:
1. The pipeline projects include (i) all new erections and (ii) extension and additions/ alterations projects with Gross Floor Area (GFA) of 7,000
sqm and above. Projects that obtain partial completion would continue to be included until they are fully completed.
2. Projects would be removed from the pipeline listing when (i) the GFA of extension and additions/ alterations projects fall below 7,000 sqm
or (ii) projects are withdrawn/ aborted.
3. Major mixed-use development projects with industrial use are also included.
4. The GFA of the projects would be adjusted accordingly if amendments are made to the development applications or if the planning
approvals are lapsed.
5. The expected year of final TOP is shown as “NA” for projects where the developer has not consented to the release of the information or
if the information was not obtained from the developer directly.

27
 Annex B: Statistics on JTC’s Prepared Industrial Land and Ready-Built Facilities

Table 1: Gross Allocation and Returns by Product Segment (4Q 2020 – 4Q 2021)

Gross Allocation Returns

4Q 1Q 2Q 3Q 4Q 4Q 1Q 2Q 3Q 4Q
2020 2021 2021 2021 2021 2020 2021 2021 2021 2021
Prepared Industrial Land (ha)
Total1 43.1 22.5 54.9 14.0 65.8 25.4 25.4 43.1 26.4 44.1
Generic Land 17.3 20.8 17.9 7.6 19.7 13.5 25.0 30.8 25.6 16.1
Tuas Biomedical Park 21.8 - 6.9 - 10.9 7.5 - 11.1 - -
Jurong Island 1.4 1.4 0.6 5.3 0.5 1.3 0.0 1.0 0.6 5.7
Wafer Fab Park - - 29.4 1.0 34.6 - - - - 22.1
Business Park 0.1 0.3 0.0 - 0.2 3.0 0.4 0.2 0.2 0.2
Logistics Park 2.6 - - - - - - - - -
Seletar Aerospace
- - - - - - - - - -
Park

Ready-Built Facilities (‘000 sqm)

Total 61.4 121.1 136.5 92.2 88.0 54.0 60.6 44.0 74.3 98.1
High-Rise Space 47.6 91.2 86.4 60.6 69.9 27.1 27.3 29.9 36.2 26.7
Business Park Space 3.3 0.6 5.1 0.5 0.5 0.7 0.3 1.5 0.9 11.0
Land-Based Factory 5.3 21.1 36.9 25.4 11.5 20.3 26.5 8.6 30.4 52.8
Workshop Space 5.2 8.3 8.1 5.7 6.1 6.0 6.6 4.1 6.8 7.5

Note:
1. Excludes Prepared Industrial Land that is tendered out as part of the IGLS programme.

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Table 2: Gross Allocation by Allocation Mode (4Q 2020 – 4Q 2021)

Gross Allocation
4Q 2020 1Q 2021 2Q 2021 3Q 2021 4Q 2021
Prepared Industrial Land (ha)
Total1 43.1 22.5 54.9 14.0 65.8
Direct Allocation2 20.9 17.6 53.5 12.2 62.3
Tender/ Launches3 22.2 4.9 1.4 1.8 3.5

Ready-Built Facilities (‘000 sqm)

Total 61.4 121.1 136.5 92.2 88.0
Direct Allocation2 39.2 84.8 91.9 53.4 61.0
Tender/ Launches3 22.1 36.3 44.6 38.7 27.0

Note:
1. Excludes Prepared Industrial Land that is tendered out as part of the IGLS programme.
2. Refers to land/ space allocated directly by JTC.
3. Refers to land/ space allocated through public tenders or launches.

Table 3: Gross Allocation by Allocation Type (4Q 2020 – 4Q 2021)

Gross Allocation
4Q 2020 1Q 2021 2Q 2021 3Q 2021 4Q 2021
Prepared Industrial Land (ha)
Total1 43.1 22.5 54.9 14.0 65.8
Lease 3.7 1.5 12.4 3.9 13.5
Tenancy - 0.5 - 0.1 0.4
Licence 39.4 20.4 42.5 10.0 52.0

Note:
1. Excludes Prepared Industrial Land that is tendered out as part of the IGLS programme.

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Table 4: Gross Allocation and Returns of Prepared Industrial Land by Industry
(4Q 2020 – 4Q 2021)

Gross Allocation (ha) Returns (ha)

4Q 1Q 2Q 3Q 4Q 4Q 1Q 2Q 3Q 4Q
2020 2021 2021 2021 2021 2020 2021 2021 2021 2021
Total1 43.1 22.5 54.9 14.0 65.8 25.4 25.4 43.1 26.4 44.1
Manufacturing 12.9 2.3 46.5 4.1 36.2 9.6 12.0 17.7 7.0 26.0
Electronics - - 29.4 1.0 18.6 - - - - 18.1
Precision Engineering - 0.4 - - 4.5 0.1 - 1.6 0.5 1.9
Chemicals 1.1 0.8 0.4 0.2 3.4 1.6 - 1.6 4.6 2.1
Biomedical Manufacturing 11.1 - 6.6 - 9.8 7.5 - 11.1 - -
Transport Engineering - 0.2 10.0 2.8 - 0.4 4.6 - 0.2 2.5
General Manufacturing
0.7 0.9 0.1 - - - 7.4 3.4 1.6 1.4
Industries
Mfg Related & Supporting 30.1 20.1 8.3 9.9 29.6 15.7 13.4 25.4 19.4 18.1
Information &
0.0 - - - - - - - - -
Communication
Professional, Scientific &
12.4 - 0.4 - 15.8 - 0.8 - 0.2 -
Technical Activities
Transportation & Storage 0.4 0.5 2.2 1.8 4.1 2.7 4.0 2.7 4.5 2.4
Water Supply, Sewerage &
- 0.0 - - - 0.0 - - 3.0 0.6
Waste Management
Construction 6.7 14.2 3.8 2.2 8.9 5.7 4.0 14.7 7.3 9.4
Real Estate/ Financial
Activities/ Holding 0.1 4.1 - - - 4.4 2.4 1.7 1.8
Companies
Other Services 10.5 1.2 1.9 5.8 0.8 3.0 2.3 6.3 2.6 5.6

Note:
1. Excludes Prepared Industrial Land that is tendered out as part of the IGLS programme.

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Table 5: Gross Allocation and Returns of Ready-Built Facilities by Industry
(4Q 2020 – 4Q 2021)

Gross Allocation (‘000 sqm) Returns (‘000 sqm)

4Q 1Q 2Q 3Q 4Q 4Q 1Q 2Q 3Q 4Q
2020 2021 2021 2021 2021 2020 2021 2021 2021 2021
Total 61.4 121.1 136.5 92.2 88.0 54.0 60.6 44.0 74.3 98.1
Manufacturing 24.9 53.2 33.7 21.7 23.5 10.7 26.1 17.4 25.6 23.4
Electronics - 5.1 0.5 0.4 0.2 0.1 0.6 - - 0.2
Precision Engineering 6.6 10.7 11.7 2.7 12.9 3.7 6.1 8.8 5.3 2.0
Chemicals - 4.7 1.8 1.1 0.3 0.1 4.5 0.4 2.7 9.8
Biomedical Manufacturing 1.4 2.9 0.4 1.0 - 0.3 0.2 - 1.7 -
Transport Engineering 0.3 4.8 2.8 0.5 0.6 2.2 2.9 - 2.9 4.2
General Manufacturing
16.6 25.1 16.5 16.0 9.6 4.2 11.8 8.1 13.1 7.2
Industries
Mfg Related & Supporting 36.5 67.9 102.8 70.4 64.5 43.4 34.5 26.7 48.7 74.7
Information &
1.7 1.7 3.8 1.4 6.0 1.1 1.1 0.7 1.4 2.3
Communication
Professional, Scientific &
5.5 4.3 11.0 7.7 9.9 1.7 1.5 2.4 3.1 1.6
Technical Activities
Transportation & Storage 1.6 2.6 18.9 0.9 14.6 0.7 1.1 2.1 4.4 21.0
Water Supply, Sewerage &
0.4 0.1 0.3 3.8 0.1 - - - 0.5 7.7
Waste Management
Construction 9.1 9.5 17.3 25.1 8.1 8.6 5.8 4.9 19.8 8.0
Real Estate/ Financial
Activities/ Holding 0.7 3.8 9.5 0.8 0.9 0.1 0.9 1.4 0.3 0.7
Companies
Other Services 17.5 45.8 42.1 30.6 24.9 31.1 24.1 15.3 19.2 33.5

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Table 6: Total Allocated and Supply by Product Segment (Prepared Industrial Land)
(4Q 2020 – 4Q 2021)

Total Allocated as at
4Q 2020 1Q 2021 2Q 2021 3Q 2021 4Q 2021
Prepared Industrial Land (ha)
Total1 7,285.2 7,283.2 7,294.8 7,284.3 6,305.7
Generic Land 3,848.6 3,845.7 3,833.1 3,817.0 3,820.4
Tuas Biomedical Park 178.6 178.6 174.4 174.4 185.3
Jurong Island 1,805.1 1,806.5 1,806.1 1,810.8 1,805.6
Wafer Fab Park 151.8 151.8 181.2 182.3 194.5
Business Park 98.9 98.9 98.8 98.5 98.5
Logistics Park 152.6 152.6 152.6 152.6 152.6
Seletar Aerospace Park 48.8 48.8 48.8 48.8 48.8
Land for JTC Ready-Built Facilities
1,000.8 1,000.3 999.8 999.9 996.1
(RBF)

Supply
4Q 2020 1Q 2021 2Q 2021 3Q 2021 4Q 2021
Prepared Industrial Land (ha)
Total1 8,334.9 8,346.7 8,343.8 8,359.2 8,352.6
Generic Land 4,311.2 4,314.5 4,300.5 4,304.6 4,298.0
Tuas Biomedical Park 231.2 231.2 231.2 231.2 231.2
Jurong Island 1,979.4 1,978.4 1,978.7 1,978.7 1,978.6
Wafer Fab Park 274.3 274.3 274.4 274.3 271.6
Business Park 131.7 131.7 131.7 131.7 131.1
Logistics Park 157.3 157.3 157.3 157.3 157.3
Seletar Aerospace Park 63.4 63.4 63.4 63.4 63.4
Land for JTC Ready-Built Facilities
1,186.4 1,195.9 1,206.6 1,218.1 1,221.3
(RBF)

Note:
1. 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.

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Table 7: Total Allocated and Supply by Product Segment (Ready-Built Facilities)
(4Q 2020 – 4Q 2021)

Total Allocated as at
4Q 2020 1Q 2021 2Q 2021 3Q 2021 4Q 2021
Ready-Built Facilities (‘000 sqm)
Total 5,216.9 5,272.6 5,366.5 5,389.6 5,379.5
High-Rise Space 1,539.4 1,597.8 1,654.6 1,684.1 1,727.3
Business Park Space 271.4 271.7 276.6 276.2 265.7
Land-Based Factory 2,925.8 2,920.3 2,948.6 2,943.6 2,902.3
Workshop Space 480.4 482.8 486.7 485.6 484.3

Supply
4Q 2020 1Q 2021 2Q 2021 3Q 2021 4Q 2021
Ready-Built Facilities (‘000 sqm)
Total 6,501.9 6,524.0 6,633.8 6,746.8 6,809.5
High-Rise Space 1,937.8 1,935.9 2,008.9 2,067.7 2,067.9
Business Park Space 313.6 313.3 321.7 349.4 349.4
Land-Based Factory 3,711.6 3,735.4 3,763.8 3,790.3 3,852.8
Workshop Space 538.8 539.3 539.4 539.4 539.4

Table 8: Occupancy Rate of Ready-Built Facilities (4Q 2020 – 4Q 2021)

4Q 2020 1Q 2021 2Q 2021 3Q 2021 4Q 2021

Ready-Built Facilities (%)
Overall 80.2 80.8 80.9 79.9 79.0
High-Rise Space 79.4 82.5 82.4 81.4 83.5
Business Park Space 86.5 86.7 86.0 79.1 76.0
Land-Based Factory 78.8 78.2 78.3 77.7 75.3
Workshop Space 89.2 89.5 90.2 90.0 89.8

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