JTC has announced that net allocation of its ready-built facilities (RBF) fell sharply to -14,500 sq m in the fourth quarter of 2010, making it the third consecutive quarter during which terminations exceeded gross allocations.
Net allocation for RBF stood at 9,400 sq m in Q1 2010 but dropped to -2,700 sq m in Q2 and Q3, said JTC.
For the full year 2010, net allocation of RBF stayed in the negative territory at -10,500 sq m but improved from the -28,000 sq m seen in 2009.
The better performance was driven by a five percent drop in termination to 88,600 sq m compared to 93,600 sq m in 2009 and a 19 percent increase in gross allocation to 78,200 sq m in 2010, from 65,500 sq m in 2009.
The occupancy level for RBF stayed strong at 96.9 percent in 2010, though this was a slight drop of 0.3 percent compared to the previous year.
However, net allocation of prepared industrial land (PIL) was better in Q4 than Q3. Net allocation for the segment stood at 3.1 ha in Q4, a reversal from a net allocation of -4.4ha in Q3.
For the full year 2010, net allocation of PIL tumbled to 46.2 ha from 102.7 ha in the previous year.
Meanwhile, JTC said that construction of two RBF projects in Seletar Aerospace Park and the CleanTech One building in CleanTech Park are underway and are likely to be completed this year.