Quarterly Market Report Industrial Properties

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

Singapore Industrial Properties Quarterly Market Report 2nd Quarter 2018

Prices and rentals of industrial space remained relatively stable.

Occupancy rate Price index of all Rental index of all Total of industrial space industrial space industrial space industrial space

Change over previous quarter

0.3% points 0.0% 0.1% 0.3 million sqm

Change over previous year

0.0% points 2.1% 1.4% 1.2 million sqm

Future industrial space supply

To be completed by 2018 Beyond 2018 Uncompleted strata units for sale

~1.1 million sqm ~3.4~2.6million million sqm sqm ~200~1,100units units

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 % Change 1Q 2018 2Q 2018 Over Over Previous Previous Quarter Year All Industrial 89.9 89.9 0.0 -2.1 Price Multiple-User Factory 93.8 93.8 0.0 -1.7 Single-User Factory 79.3 79.3 0.0 -2.9 All Industrial 91.1 91.0 -0.1 -1.4 Multiple-User Factory 89.1 89.3 0.2 -0.7 Rental 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 All Industrial 89.0% 88.7% -0.3 0.0 Multiple-User Factory 86.5% 86.0% -0.5 -0.4 Occupancy Single-User Factory 90.4% 90.3% -0.1 0.1 Rate1 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.

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

Change in Occupancy Stock Rate (%) ('000 sqm) 800 94.0

600 92.0

400 90.0 200

88.0 0

-200 86.0

2014Q4 2011Q2 2011Q4 2012Q2 2012Q4 2013Q2 2013Q4 2014Q2 2015Q2 2015Q4 2016Q2 2016Q4 2017Q2 2017Q4 2018Q2

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

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

Change in Occupancy Stock Rate (%) ('000 sqm) 250 92.0

200 90.0 150 88.0 100 86.0 50

0 84.0

-50 82.0

2014Q4 2011Q2 2011Q4 2012Q2 2012Q4 2013Q2 2013Q4 2014Q2 2015Q2 2015Q4 2016Q2 2016Q4 2017Q2 2017Q4 2018Q2

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

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 Rental Index 2012Q4=100 120 See Exhibit 3b

100

0 2008Q2 2009Q2 2010Q2 2011Q2 2012Q2 2013Q2 2014Q2 2015Q2 2016Q2 2017Q2 2018Q2 All Industrial Space Multiple-User Factory Space

Exhibit 3b: Rental Indices of Industrial Space

Rental Index 2012Q4=100 All Industrial Space Multiple-User Factory Space 96

92.3 91.3 92 91.2 91.1 91.0

89.9 88 89.2 89.1 89.1 89.3

84 2017Q2 2017Q3 2017Q4 2018Q1 2018Q2

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) % Change 2Q 3Q 4Q 1Q 2Q Over 2017 2017 2017 2018 2018 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

Price Index 2012Q4=100 120 See Exhibit 4b

100

0 2008Q2 2009Q2 2010Q2 2011Q2 2012Q2 2013Q2 2014Q2 2015Q2 2016Q2 2017Q2 2018Q2 All Industrial Space Multiple-User Factory Space

Exhibit 4b: Price Indices of Industrial Space

Price Index (2012Q4=100) All Industrial Space 98 Multiple-User Factory Space 95.4 94.6 94.0 93.8 93.8 94

91.8 90 91.0 90.0 89.9 89.9

86 2017Q2 2017Q3 2017Q4 2018Q1 2018Q2

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) % Change 2Q 3Q 4Q 1Q 2Q Over 2017 2017 2017 2018 2018 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

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

Number of Caveats Lodged New Sale Resale Sub Sale 500

400

300

200

100

0 2015Q2 2015Q3 2015Q4 2016Q1 2016Q2 2016Q3 2016Q4 2017Q1 2017Q2 2017Q3 2017Q4 2018Q1 2018Q2

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

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

New Supply (Historical and Upcoming) ('000 sqm) 2,500

2,000

1,500

1,000

500

0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 >2021

Historical Upcoming

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).

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

By Floor Area No. of Units 200

116

100 88

0 200 – 299 sqm Others

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 Gross Floor Area Expected Completion Project (sqm) Date JTC Poultry Processing Hub @ Buroh 40,060 4th Qtr 2018 trendspace 68,250 1st Qtr 2019 (formerly JTC Furniture Hub @ Sungei Kadut)

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.

8 Annex A – Industrial Property Market Statistics

Annex A-1: Price Statistics

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

% Change Over Market Segment 2Q 2017 3Q 2017 4Q 2017 1Q 2018 2Q 2018 Previous Quarter

All Industrial 91.8 91.0 90.0 89.9 89.9 0.0 Multiple-User 95.4 94.6 94.0 93.8 93.8 0.0 Factory 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.

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

Price Index Period 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. 3. 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.

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

Price Index of Multiple-User Factory Period 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: 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.

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

Price Index of Multiple-User Factory

Period Remaining Tenure Land-Use Zoning 31 – 60 ≤ 30 Years > 60 Years Business 1 Business 2 Years 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: 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.

Annex A-2: Rental Statistics

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

% Change Over Market Segment 2Q 2017 3Q 2017 4Q 2017 1Q 2018 2Q 2018 Previous Quarter

All Industrial 92.3 91.3 91.2 91.1 91.0 -0.1 Multiple-User 89.9 89.2 89.1 89.1 89.3 0.2 Factory 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

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

Rental Index

Period All Multiple-User Single-User Business Warehouse3 Industrial2 Factory3 Factory4 Park4

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: 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. 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. 4. The rental 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.

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

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 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

Annex A-3: Stock and Vacancy Statistics

Table 8: Stock and Vacancy Rate of Industrial Space (1Q 2018 – 2Q 2018)

Over Previous As at As at Quarter Property Type Market Indicator 1Q 2018 2Q 2018 Absolute % Change Change Available (‘000 sq m) 48,188 48,525 337 0.7 All Industrial Occupied (‘000 sq m) 42,871 43,033 162 0.4 Space 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 Multiple-User Occupied (‘000 sq m) 9,675 9,729 54 0.6 Factory Vacant (‘000 sq m) 1,507 1,585 78 5.2 Vacancy Rate (%) 13.5 14.0 0.5 - Available (‘000 sq m) 24,419 24,451 32 0.1 Single-User Occupied (‘000 sq m) 22,082 22,081 -1 0.0 Factory Vacant (‘000 sq m) 2,336 2,370 34 1.5 Vacancy Rate (%) 9.6 9.7 0.1 - Available (‘000 sq m) 2,140 2,149 9 0.4 Occupied (‘000 sq m) 1,822 1,827 5 0.3 Business Park Vacant (‘000 sq m) 318 322 4 1.3 Vacancy Rate (%) 14.9 15.0 0.1 - Available (‘000 sq m) 10,447 10,611 164 1.6 Warehouse Occupied (‘000 sq m) 9,292 9,396 104 1.1 Space 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.

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

Stock (‘000 sq m) Period 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)

Stock (‘000 sq m) Period Vacancy Rate (%) Available Occupied Vacant 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

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

Stock (‘000 sq m) Period Vacancy Rate (%) Available Occupied Vacant 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)

Stock (‘000 sq m) Period Vacancy Rate (%) Available Occupied Vacant 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

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

Stock (‘000 sq m) Period Vacancy Rate (%) Available Occupied Vacant 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)

Year of Completion

Period 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.

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 Land-Use Zoning Industrial Space Total Floor Area 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.

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 - Written Permission 138 1 13 5 119 - - 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 - Written Permission 247 81 105 1 60 - - 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: 1. The figures may not add up due to rounding.

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

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

Units Available for Floor Area (sq m) Total % Sold Sale 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.

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

Gross Floor Project Gross Area Granted Description and Location of Project Name of Developer Floor Area TOP in the (sq m) Quarter (sq m) MULTIPLE-USER FACTORY

PROJECT Private Sector Nordcom Two at 2 to 46 (Even) Grow-Tech Properties Pte Ltd 69,600 69,600 Gambas Crescent

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

Woodlands Connection at 4 to 56 Yee Lee Development Pte Ltd 13,300 13,300 (Even) Woodlands Sector 2

Sub-Total 151,370 151,370

Total 151,370 151,370

SINGLE-USER FACTORY PROJECT Private Sector Additions/alterations to single-user Amgen Singapore Manufacturing 7,550 7,550 factory at 1 Tuas View Drive Pte Ltd CTM Building at 14 Tampines Industrial 3,600 Chye Thiam Maintenance Pte Ltd 5,750 Drive (5,750)

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

Single-user factory at 1 Tuas South Mundipharma Manufacturing Pte 6,310 6,310 Link 1 Ltd Single-user factory at 6 Tuas South 5,320 800 Super Holdings Limited 9,300 Street 7 (6,930) Single-user factory at 2 Tuas South Sam Lain Equipment Services 3,810 3,810 Street 12 Pte Ltd Single-user industrial development at Suriya Trading Enterprises (S) 5,160 7,410 50 Senoko Drive Pte Ltd (6,560) Index-Cool Furniture Design & TSL 101 at 101 Eunos Avenue 3 12,450 12,450 Construction Pte Ltd

Sub-Total 55,940 47,560

Total 55,940 47,560

BUSINESS PARK PROJECT Private Sector Business park development at 22 Kingsmen Creatives Ltd 13,130 13,130 Changi Business Park Central 2

Sub-Total 13,130 13,130

Total 13,130 13,130

Gross Floor Project Gross Area Granted Description and Location of Project Name of Developer Floor Area TOP in the (sq m) Quarter (sq m) WAREHOUSE PROJECT Private Sector CTM Building at 14 Tampines Industrial Chye Thiam Maintenance Pte 2,150 5,750 Drive Ltd (5,750) 160 CWT Distripark at 47 Jalan Buroh CWT Limited 222,150 (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 Poh Tiong Choon Logistics 50,930 101,590 Pandan Road Limited (101,590) Single-user industrial development at 50 Suriya Trading Enterprises (S) 1,400 7,410 Senoko Drive Pte Ltd (6,560) Warehouse development at 37 Loyang 900 ST-Airport Services Pte Ltd 1,960 Crescent (900) Warehouse development at 90 Second Kim Seng Huat Hardware Pte Ltd 9,100 9,100 Lok Yang Road Warehouse development at 20 Tuas Ascendas Real Estate 44,540 44,540 Avenue 1 Investment Trust

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.

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

Gross Floor Expected Description and Location of Project Name of Developer Area Year of (sq m) 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 JTC Corporation 327,080 2020 Chuan Road JTC Poultry Processing Hub @ Buroh at Buroh JTC Corporation 34,050 2018 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 Wujie Times Square Pte Ltd 8,990 na Macpherson Road Extension and additions/alterations to existing ST Electronics Limited 20,930 2019 factory at Jurong East Street 21 Food Concept @ 239 Pandan Loop at Pandan JVA Pandan Pte Ltd 7,040 2019 Loop

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

SB (Waterview) Investment Pte Multiple-user factory at Kallang Way 54,490 na Ltd

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

SINGLE-USER FACTORY PROJECT Private Sector Additions/alterations to existing factory at Evonik Methionine SEA Pte. Ltd. 34,310 na Banyan Avenue

Gross Floor Expected Description and Location of Project Name of Developer Area Year of (sq m) Final TOP SINGLE-USER FACTORY PROJECT Private Sector Additions/alterations to existing factory at Chia Mss Jurong West Pte Ltd 8,580 2018 Ping Road Additions/alterations to existing factory at Malaysia Dairy Industries Pte Ltd 7,710 na Howard Road Additions/alterations to existing factory at Leng Wearnes Automotive & 10,120 2018 Kee Road Equipment Pte Ltd Additions/alterations to existing factory at Technics Steel Pte Ltd 8,660 na Loyang Way Additions/alterations to existing factory at North Micron Semiconductor Asia Pte 255,500 na Coast Drive Ltd Additions/alterations to existing factory at Pasir Systems on Silicon 19,890 na Ris Industrial Drive 1 Manufacturing Co. Pte Ltd Additions/alterations to existing factory at GREIF Singapore Pte. Ltd. 7,820 2018 Pioneer Sector 3 Additions/alterations to existing factory at SC Auto Industries (S) Pte Ltd 7,700 na Senoko Road Additions/alterations to existing factory at Coim Asia Pacific Pte Ltd 13,810 na Seraya Place Additions/alterations to existing factory at Siltronic Silicon Wafer Pte Ltd 10,990 na Tampines Industrial Avenue 5 Additions/alterations to existing factory at Tuas Sumitomo Warehouse 10,210 na Avenue 5 (Singapore) Pte Ltd Additions/alterations to existing factory at Tuas Syscon Pte Ltd 48,600 2018 Bay Drive Additions/alterations to existing factory at Tuas Sembcorp Marine Integrated 11,960 na South Boulevard Yard Pte Ltd Additions/alterations to existing industrial ExxonMobil Asia Pacific Pte Ltd. 9,430 na development at Pioneer Road

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

Extension and additions/alterations to existing JP Nelson Equipment Pte Ltd 13,650 na factory at Benoi Road Extension and additions/alterations to existing Google Asia Pacific Pte Ltd 21,410 na factory at Jurong West Street 23 Extension and additions/alterations to existing Lockson Hydraulics & 7,840 na factory at Wan Lee Road Engineering Pte Ltd Extension to existing factory at Ang Mo Kio United Engineers Limited 60,180 na Street 64 Extension to existing factory at Tuas South Jurong Shipyard Pte Ltd 41,750 na Boulevard

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 Stuttgart Auto Pte Ltd 8,780 2018 Chong Road

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 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

SB (Waterfront) Investment Pte Single-user factory at Kallang Way 36,310 na Ltd Swee Hong Engineering Single-user factory at Kranji Link 9,400 2018 Construction Pte Ltd

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

Kim Seng Heng Engineering Single-user factory at Senoko Road 8,370 2018 Construction Pte Ltd

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

NSL OilChem Waste Single-user factory at Tuas Avenue 10 8,930 2019 Management Pte Ltd

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

Quek & Quek Civil Engineering Single-user factory at Tuas South Street 13 7,430 na Pte Ltd

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

Veolia ES Singapore Industrial Single-user factory at Tuas View Circuit 11,830 na Pte Ltd

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 West Drive Tuas West Drive Pte Ltd 28,840 2019

Global Switch Property (S) Pte Single-user factory at Woodlands Height 24,930 2018 Ltd Single-user industrial development at Bulim Angel Playing Card Singapore 10,240 na Avenue Pte Ltd Single-user industrial development at Chin Bee OJJ Foods Pte Ltd 14,320 2020 Avenue Single-user industrial development at Tuas Kingsland Construction Pte Ltd 7,700 na South Street 15 ST Telemedia Global Data STT Defu 2 at Defu Avenue 1 14,390 na Centres

Sub-Total 1,166,680

Total 1,166,680

BUSINESS PARK PROJECT 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

BUSINESS PARK PROJECT Private Sector Additions/alterations to existing business park Pension Real Estate Singapore 17,020 na development at International Business Park Pte Ltd

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 Singapore Science Park Ltd 11,610 2018 Road Business park development at Science Park Ascendas-Singbridge Pte Ltd 25,560 na Drive

Sub-Total 110,350

Total 316,370

WAREHOUSE PROJECT Public Sector

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

Gross Floor Expected Description and Location of Project Name of Developer Area Year of (sq m) Final TOP WAREHOUSE PROJECT Public Sector JTC Poultry Processing Hub @ Buroh at Buroh JTC Corporation 6,010 2018 Lane

Sub-Total 140,330

WAREHOUSE PROJECT Private Sector Additions/alterations to existing factory at Siltronic Silicon Wafer Pte Ltd 2,530 na Tampines Industrial Avenue 5 Additions/alterations to existing industrial CMM Marketing Management 10,220 2019 development at Mandai Link Pte Ltd Additions/alterations to existing industrial ExxonMobil Asia Pacific Pte Ltd. 1,890 na development at Pioneer Road Additions/alterations to existing warehouse at Boustead Projects Investments 20,340 na Tuas Avenue 13 Pte Ltd Extension to existing warehouse at Seraya Bertschi Singapore Pte Ltd 10,640 2018 Place

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

Single-user industrial development at Bulim Angel Playing Card Singapore 23,430 na Avenue Pte Ltd Single-user industrial development at Chin Bee OJJ Foods Pte Ltd 2,860 2020 Avenue Single-user industrial development at Tuas Kingsland Construction Pte Ltd 1,040 na South Street 15

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

Warehouse development at Changi South Santa Warehousing Pte Ltd 9,770 2018 Street 1 Hock Seng Heng Transport and Warehouse development at Jalan Besut 11,160 na Trading Pte Ltd

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

Bollore Logistics Singapore Pte Warehouse development at Sunview Way 50,000 na Ltd Warehouse development at Tampines Industrial Precise Development Pte Ltd 7,050 2018 Drive

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

Warehouse development at Tuas South Avenue Diamond Land Pte. Ltd. 65,350 2018 14 Warehouse development at Tuas South Sembcorp Marine Integrated 52,540 na Boulevard Yard Pte Ltd

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

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

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

Gross Allocation1 Returns1 2Q 3Q 4Q 1Q 2Q 2Q 3Q 4Q 1Q 2Q 2017 2017 2017 2018 2018 2017 2017 2017 2018 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 - - 3.1 0.4 1.9 - - - - 3.5 Park

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.

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

Gross Allocation1

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 Direct Allocation3 39.7 13.5 32.8 138.4 24.5 Tender/ Launches4 4.2 9.9 3.0 2.2 8.0

Ready-Built Facilities (‘000 sqm) 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: 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. 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)

1 Gross Allocation 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 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: 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.

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

Gross Allocation1 (ha) Returns1 (ha) 2Q 3Q 4Q 1Q 2Q 2Q 3Q 4Q 1Q 2Q 2017 2017 2017 2018 2018 2017 2017 2017 2018 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 ------0.4 Manufacturing Transport Engineering 20.9 0.2 0.4 44.2 - 15.6 30.8 1.3 - 3.7 General Manufacturing - 0.2 4.1 7.4 0.2 0.1 3.8 5.3 2.4 3.9 Industries Mfg Related & Supporting 11.4 19.7 23.1 37.2 28.7 14.7 22.0 16.7 26.4 20.8 Information & - 0.0 - 9.7 - - - - 4.8 0.0 Communication Professional, Scientific & 0.3 0.1 1.8 9.2 3.1 0.3 - 0.7 1.1 0.3 Technical Activities Transportation & 1.5 8.6 5.1 1.3 - 1.2 6.3 1.0 9.2 4.2 Storage Water Supply, Sewerage 1.1 - 0.0 1.9 0.1 1.9 0.1 0.6 - - & Waste Management

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 - 1.1 1.1 2.3 11.7 7.6 1.1 - 1.1 1.6 Companies Other Services 2.0 5.4 2.2 8.1 7.9 1.0 9.6 11.7 6.3 8.7

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.

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

Gross Allocation1 (‘000 sqm) Returns1 (‘000 sqm) 2Q 3Q 4Q 1Q 2Q 2Q 3Q 4Q 1Q 2Q 2017 2017 2017 2018 2018 2017 2017 2017 2018 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 1.2 - 0.0 - 9.2 - 0.1 1.6 6.9 2.0 Manufacturing Transport Engineering - 0.0 7.4 3.0 1.2 - - 0.4 9.7 1.7 General Manufacturing 3.0 3.8 2.8 11.6 5.2 0.5 3.5 3.2 6.6 8.6 Industries Mfg Related & Supporting 13.3 15.6 23.2 32.9 21.7 14.3 17.6 13.6 33.1 20.1 Information & 2.4 1.6 1.7 3.5 1.7 1.0 5.5 0.4 0.6 0.4 Communication Professional, Scientific & 1.6 2.7 4.9 7.1 6.2 8.4 5.5 3.3 10.6 1.9 Technical Activities Transportation & 1.6 - - 2.1 0.1 2.2 0.0 0.1 1.9 0.5 Storage Water Supply, Sewerage - - - 7.2 1.0 - - - - - & Waste Management 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 4.3 0.7 0.1 1.2 1.1 0.3 0.5 0.4 0.9 0.2 Companies 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.

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 Prepared Industrial Land (ha) 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 657.2 659.3 666.5 978.9 983.6 (RBF)

Supply1

2Q 2017 3Q 2017 4Q 2017 1Q 2018 2Q 2018 Prepared Industrial Land (ha) 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 710.8 710.6 713.2 1,127.8 1,144.1 (RBF)

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

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 Ready-Built Facilities (‘000 sqm) 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 Ready-Built Facilities (‘000 sqm) 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 Business Park Space 314.7 314.6 314.6 314.5 314.4 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 Business Park Space 90.7 89.5 89.5 85.9 86.8 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: 1. With effect from 1Q 2018, the coverage includes industrial properties transferred from HDB. 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.