<TABLE class=msgtable cellSpacing=0 cellPadding=0 width="96%"><TBODY><TR><TD class=msg vAlign=top><TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR class=msghead><TD class=msgbfr1 width="1%"> </TD><TD><TABLE cellSpacing=0 cellPadding=0 border=0><TBODY><TR class=msghead><TD class=msgF noWrap align=right width="1%">From: </TD><TD class=msgFname noWrap width="68%">kojakbt22 <NOBR>
</NOBR> </TD><TD class=msgDate noWrap align=right width="30%">2:05 am </TD></TR><TR class=msghead><TD class=msgT noWrap align=right width="1%" height=20>To: </TD><TD class=msgTname noWrap width="68%">ALL <NOBR></NOBR></TD><TD class=msgNum noWrap align=right> (1 of 1) </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft width="1%" rowSpan=4> </TD><TD class=wintiny noWrap align=right>9884.1 </TD></TR><TR><TD height=8></TD></TR><TR><TD class=msgtxt><TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR><TD>JTC will continue to focus on its pivotal role
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<!-- START OF : div id="storytext"--><!-- more than 4 paragraphs -->I REFER to Mr Paul Chan's Online Forum letter on Monday, "JTC should focus on helping industries".
We thank Mr Chan for sharing his concerns and views and we appreciate his acknowledgment of JTC's contribution to shaping Singapore's industrial landscape.
Over the years, the visibility and market share of the private sector's presence in the industrial property segment has grown with the maturing of our economy.
In fact, during pre-divestment days, the private sector was already the dominant player in the provision of ready-built factory space. JTC was a small player in this market segment with a market share of around 20 per cent. JTC did not set the benchmark for rentals but was taking its pricing cue from the market.
As there was already a competitive private sector market supplying ready-built factory space in Singapore, there was no need for JTC to maintain a market presence and compete with the private sector in this segment. This is in keeping with the Government's "Yellow Pages rule" where the guiding principle is for the public sector to avoid duplicating services already well-performed and provided for by the private sector. Most importantly, customers will benefit from having more options and choices with greater competition in the market.
We would like to assure Mr Chan that JTC will continue to focus on its pivotal role of helping the industrial and manufacturing sectors.
Kelly Wee (Ms)
Director, Communications JTC Corporation
[email protected]
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</TD></TR><TR><TD><!-- headline one : end --></TD></TR><TR><TD><!-- show image if available --></TD></TR></TBODY></TABLE>
<!-- START OF : div id="storytext"--><!-- more than 4 paragraphs -->I REFER to Mr Paul Chan's Online Forum letter on Monday, "JTC should focus on helping industries".
We thank Mr Chan for sharing his concerns and views and we appreciate his acknowledgment of JTC's contribution to shaping Singapore's industrial landscape.
Over the years, the visibility and market share of the private sector's presence in the industrial property segment has grown with the maturing of our economy.
In fact, during pre-divestment days, the private sector was already the dominant player in the provision of ready-built factory space. JTC was a small player in this market segment with a market share of around 20 per cent. JTC did not set the benchmark for rentals but was taking its pricing cue from the market.
As there was already a competitive private sector market supplying ready-built factory space in Singapore, there was no need for JTC to maintain a market presence and compete with the private sector in this segment. This is in keeping with the Government's "Yellow Pages rule" where the guiding principle is for the public sector to avoid duplicating services already well-performed and provided for by the private sector. Most importantly, customers will benefit from having more options and choices with greater competition in the market.
We would like to assure Mr Chan that JTC will continue to focus on its pivotal role of helping the industrial and manufacturing sectors.
Kelly Wee (Ms)
Director, Communications JTC Corporation
[email protected]
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