HDB Industrial Assignment of Lease
HDB will transfer all industrial properties and land to JTC
The transfer of the Housing and Development Board's (HDB) industrial properties and land to JTC Corporation will take effect on 1st January 2018. The transfer was announced in October 2016 and the enabling Jurong Town Corporation (Amendment) Act 2017 passed in Parliament in September.
This will enable JTC to better match companies' space needs across different stages of growth with a larger supply of industrial land and space, and allow the Government to undertake more comprehensive master-planning of industrial estates
All 10,700 industrial units and 540 land leases under the HDB will be consolidated under JTC.