Request: Complete the research on Jurong Island industrial estate in Singapore, and

the Rojana Ayutthaya Project in Thailand.

INSIGHTS

- Jurong Island targets both the energy and chemicals industries with an
occupancy of 89.24%.
- Jurong Port Pte, Ltd. is a multipurpose port operator, while SLI Holdings Pte. Ltd.
is an investment holding company.
- Jurong Island generates income through rental and lease of industrial space.

In this study, we found that Jurong Island industrial estate in Singapore targets both
energy and chemicals industries, and their occupancy is 89.24%. Please refer to our
attached spreadsheet for this study. Moreover, below is a detailed explanation of our
findings.

METHODOLOGY

We initially started the research by collecting information regarding the government of

Singapore’s official website, JTC, which is the developer of Jurong Island, and websites
such as AFM, Bloomberg, and SBR. We checked online annual reports from credible
online sources, but there is no publicly available information regarding the profit for
2018, but we were able to find the total income or revenue, and the total expenditure.
Based on the collected information, we can compute for the profit using this formula:

Profit = Total Income/Revenue - Total Expenditure

According to the Alliance Facilities Management (Singapore), the total income/revenue

is $2.63 billion, and the total expenditure is $1.49 billion. Using the formula, the profit
will be $1.14 billion ($2.63 billion - $1.49 billion).

SNAPSHOT

The target industries of Jurong Island are energy and chemicals industries with
occupancy of 89.24%. The calculated profit for 2018 is $1.14 billion.

ORGANIZATIONAL STRUCTURE AND GOVERNANCE

The business description is that the company is developing industrial infrastructure, and
helping in the growth of new industries and existing businesses. Jurong Port Pte, Ltd.
and SLI Holdings Pte, Ltd. are the subsidiary companies of Jurong Island that are fully
owned (100% shareholding). The main business function of Jurong Port Pte, Ltd. is that
it is multipurpose port operator that handles general, bulk, and containerized cargo,
while SLI Holdings Pte. Ltd. is an investment holding company.

BUSINESS MODEL
The business model of Jurong Island is to generate income through rental and lease of
industrial space such as ready-built factories and lands, and business pack and
warehouses. It uses both the master lease and multi-tenancy lease structures. It also
allows sub-letting and that a tenant needs to occupy the majority of the space of not
less than 50%. Lessees are expected to operate for not less than five years after
satisfying the investment criteria.