Plans to Address Vacancies in Industrial Space in JTC-managed Land in HDB Towns

3 Ms Hazel Poa asked the Deputy Prime Minister and Minister for Trade and Industry (a) how much industrial space in JTC-managed land located in HDB towns have been vacant for one year or more; and (b) what are the plans to deal with these vacancies.

Mr Gan Kim Yong: The occupancy rate of JTC Corporation industrial spaces in Housing and Development Board towns is high, at about 91% in 2024. About 6% of these spaces have been vacant for more than a year, mainly due to newly completed developments still in their ramp-up phase of getting tenants in.