JTC Corporation
Logo of JTC Corporation
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| Agency overview | |
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| Formed | June 1, 1968 |
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| Headquarters | The JTC Summit, 8 Jurong Town Hall Road, Singapore 609434 |
| Agency executives |
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| Parent agency | Ministry of Trade and Industry (Singapore) |
| Website | www.jtc.gov.sg |
JTC Corporation (Abbreviation: JTC; Chinese: 裕廊集团; pinyin: Yùláng Jítuán), formerly known as Jurong Town Corporation, is a Singaporean stated owned real estate company and statutory board under the Ministry of Trade and Industry headquartered in Jurong, Singapore. Established in 1968, the company was set up by the Government of Singapore as the country's principal developer and manager of industrial estates and their related facilities. As of 2013, the company manages 43 estates that cover 7,100 hectares of land area.
Founded on June 1, 1968 under the Jurong Town Corporation Act, JTC was set up to take over the management and development of industrial estates from the Economic Development Board (EDB) as Singapore was going through rapid industrialisation after independence. As a statutory board, the company has powers to purchase, acquire or lease any land as required, and had board members from the public and trade unions to ensure that the interests of industrialists and workers in the industrial estates were represented.
In the year of its establishment, JTC began developing new industrial estates and increasing the area of existing ones to expand Singapore's manufacturing sector. In 1969, the company had established a new industrial estate in Senoko, expanded the areas of the Kranji and Sungei Kadut industrial estate through land reclamation and increased the area of the Jurong Industrial Estate from 14.8 sq km to 18.6 sq km, allowing more factories to be set up in the area. With Jurong Town rapidly industrialising in the 1970s, the town had a lack of recreational and social amenities for its residents, leading JTC to develop a town centre with shopping and commercial facilities, Jurong Bird Park, the Chinese Garden and Japanese Garden, Jurong Hill Park, and new apartment blocks, developing the town into a sustainable one with a population of 32,000 residents.
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