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JTC Corporation recently set up a statistics website for Singapore’s industrial property sector in a bid to boost market transparency and provide more detailed information.
Known as J-SPACE, the portal provides a wide array of market data, such as the price and rents of industrial properties across the city-state, their occupancy rate, as well as current supply and upcoming stock.
Users can also access info about JTC’s own industrial spaces, while data on the agency’s industrial land parcels will be posted soon.
Another major feature of J-SPACE is an interactive map, which allows users to conveniently compare and find similar industrial properties. The website also comes with a Table & Chart Builder, through which users can make their own data illustrations.
“The provision of more granular data in an interactive manner is another step towards improving market transparency. This will be useful for developers and industrialists alike,” said Augustine Tan, President of the Real Estate Developers’ Association of Singapore (REDAS).
“JTC has always focused on the needs of the industry stakeholders and the launch of J-SPACE, a user-centric data portal is a testament to that. Its cutting-edge technology drives innovation and delivers an exceptional user experience for both the industry stakeholders and members of the public,” noted Christine Li, senior director of research at Cushman & Wakefield.
Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
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