By Joyce Teo

INDUSTRIAL landlord JTC Corp has reported the first slide in four years in the take-up of its ready-built factories by manufacturers and other firms. This was the result of a more cautious business environment.

Many companies pulling out of these factories cite operational consolidation as a key reason for downsizing, it said.

JTC also said the allocation of prepared industrial land slumped 38.5per cent in the third quarter year-on-year, although it was flat compared to the second quarter.

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