Industrial Land Tender

Information on Tender for Industrial Land (JTC Industrial Land and URA Industrial Land) in Singapore under the Industrial Government Land Sales (JTC IGLS )

The Singapore Government releases land regularly through land sales programme for private sector development. The release of JTC land is intended to meet demand arising from economic growth. As one of the JTC land sales agent for  the Government Land Sales Programme (GLS), JTC releases JTC land for development via public tender.


UPDATED REPORT : 1st Quarter (Jan - March) 2018

  • Statistics on Industrial Government Land Sales (IGLS) / JTC Industrial Land Tender Results @ Tuas South (Price Psm Per GPR)
  • Statistics on Industrial Government Land Sales (IGLS) / JTC Industrial Land Tender Results @ Tampines Industrial Drive & Tampines North Drive (Price Psm Per GPR)
  • Statistics on Gross Allocation of JTC's Prepared Industrial Land by Allocation Mode (Thousand Sqm) (Updated 4th Quarter 2017)
 http://www.afm.com.sg/jtc-industrial-land-tender-analysis-caveats-information/industrial-land-tender-analysis-information/statistics-on-gross-allocation-of-jtc-s-prepared-industrial-land-by-allocation-mode  http://www.afm.com.sg/home/statistics-on-industrial-government-land-sales-igls-jtc-industrial-land-tender-results-tuas-south  http://www.afm.com.sg/statistics-on-industrial-government-land-sales-igls-jtc-industrial-land-tender-results-tampines-industrial-drive-tampines-north-drive

Frequently Asked Questions (FAQ) 

How to Successfully Tender for JTC Industrial Land / Industrial Government Land Sales (JTC IGLS) / URA Industrial Land?

Contents

  1. 1 What is available for JTC Industrial Land Tender in 2018 under the Industrial Government Land Sales (IGLS)?
  2. 2 What is the basic Conditions of Tender for JTC Industrial Land / JTC Land?
  3. 3 How to make Further Enquiries on Conditions of Tender for JTC Industrial Land?
  4. 4 What is the Tender Validity Period, Tender Deposit and Manner of Payment for JTC Industrial Land Tender?
  5. 5 Under what conditions can a Tenderer of JTC Industrial Land be Rejected and Disqualify by JTC?
  6. 6 What is the Permitted Usages for JTC Land?
  7. 7 Can a Company Not Incorporated in Singapore Tender for JTC Industrial Land in Singapore?
  8. 8 What is the Requirement for Controlling Interest where Successful Tenderer carries out Development?
  9. 9 What is the Option for Approved Developer to carry out Development and Requirement for Controlling Interest?
  10. 10 What is the Basic Requirements for Development For JTC Industrial Land?
  11. 11 Is Strata Subdivision be Allowed in JTC Industrial Land?
  12. 12 The Successful Tenderer shall not strata subdivide the Land or any part thereof for a period of five (5) years (or such extended period as may be imposed by JTC) after the issuance of the Temporary Occupation Permit (“TOP”) for the whole Development.
  13. 13 What about the Sale and Sublease where only part of the development is constructed by the Lessee?
  14. 14 How to do an Acceptance of Tender by the Successful Tenderer in JTC Industrial Land?
  15. 15 What is the Timeline for Project Completion Period for JTC Industrial Land?
  16. 16 Is Environmental Baseline Study required and What is the Reinstatement at End of Lease Term for JTC Industrial Land?
  17. 17 What is in the Building Agreement to be signed by Successful Tenderer for JTC Industrial Land?
  18. 18 How to Apply for Sites on the Government Industrial Land Sales (IGLS) Reserve List System?


What is available for JTC Industrial Land Tender in 2018 under the Industrial Government Land Sales (IGLS)?

Confirmed List of Industrial Sites for the First Half of 2018
NOLOCATIONZONINGSITE AREA (Ha)GROSS PLOT RATIOTENURE  (YEARS)ESTIMATED LAUNCH MONTH
1Plot 18, Tuas South Link 3B20.431.420Jan 2018
2Plot 21, Tuas South Link 3B20.781.420Feb 2018
3Woodlands​ Industrial Park E7/E8B20.882.520Mar 2018
4Plot 26, Tuas South Link 3B20.471.420Apr 2018
5Plot 10, Tampines Industrial DriveB20.471.420May 2018
6Plot 2, Tanjong PenjuruB20.882.520Jun 2018


Reserve List of Industrial Sites for the First Half of 2018
NOLOCATIONZONINGSITE AREA (Ha)GROSS PLOT RATIOTENURE  (YEARS)ESTIMATED LAUNCH MONTH
1Plot 13, Tuas South Link 1B22.42.030Available
2Braddell Road​B21.02.530Available
3 Plot 19, Tuas South Link 3B20.451.420Mar 2018
4 Plot 20, Tuas South Link 3B20.441.420Apr 2018
5Yung HoB21.262.530May 2018
6Gul CircleB21.001.420Jun 2018
7 Woodlands Avenue 12​B22.102.530​Jun 2018

JTC Corporation will be the sales agent for all the sites

What is the Latest Changes in JTC Land / IGLS Tender Conditions? (W.E.F. 1st July 2017)

  • In January 2012, MTI introduced a set of minimum building specification requirements on IGLS land, to ensure that the developments built on the land are able to meet the needs of industrialists. Examples include the provision of a minimum number of goods lifts and loading bays.
  • Starting from the 2H 2017 IGLS programme, these requirements will be waived for small IGLS plots. Small plots are typically below 1.0 ha and are meant for end-users to build land-based developments for their own operations. With the waiver, end-users will have more flexibility to customise their developments to suit their operations.
  • To ensure that such plots continue to be used primarily for end-users’ own operations, successful tenderers (or subsequent owners) will not be allowed to strata subdivide the developments for sale to other companies for the full tenure. Currently, strata subdivision is prohibited for five years from the award of the Temporary Occupation Permit.
  • The minimum building specification requirements will continue to apply to the larger IGLS plots, which are meant for developers to build multiple-user factories to serve the needs of industrialists.
 

What is the basic Conditions of Tender for JTC Industrial Land / JTC Land?

  • The lease of the Land is subject to these Conditions of Tender and the Technical Conditions of Tender referred to in “Developer’s Packet”.
  • Each tenderer shall be taken to have read and shall be bound with full notice and knowledge of the contents of the form of Building Agreement, form of Lease, these Conditions of Tender and the Technical Conditions of Tender including all additions, variations and amendments to the form of Building Agreement, form of Lease, these Conditions of Tender and the Technical Conditions of Tender and any plans, drawings, reports and other documents referred to, mentioned in, appended or annexed to these Conditions of Tender and the Technical Conditions of Tender, made by JTC prior to the time and date for submission of tenders as mentioned below and notified to purchasers of the Developer’s Packets obtained directly from JTC. All references herein to the form of Building Agreement, form of Lease, these Conditions of Tender and the Technical Conditions of Tender (collectively “Tender Documents”) shall be deemed to mean such documents as added to, varied or amended as aforesaid.
  • The Land is to be leased subject to all easements and rights (if any) subsisting thereon and moreover without any obligations on the part of JTC to define the same respectively. The Land is open to inspection and may be viewed by tenderers on application. The Land is to be taken on an “as is where is” basis, including any defects (latent, inherent or otherwise) and each tenderer shall be deemed to have full notice and knowledge.
  • “Developer’s Packet” for the Land containing Particulars and Conditions of Tender (with Form of Building Agreement at Appendix F and Form of Lease at Appendix G), Technical Conditions of Tender, Conditions and Requirements of the Authorities/ Public Utility Licensees, Form of Tender, Submission Envelope Covers, Enquiry Forms, Control Plans, Topographic Survey Plan, Soil Test Report and other relevant documents may be obtained from JTC at a cost of Dollars One Hundred ($100.00) only plus Goods and Services Tax at the prevailing rate.

How to make Further Enquiries on Conditions of Tender for JTC Industrial Land?

  • Any queries, doubts or uncertainties about these Conditions of Tender or the Technical Conditions of Tender contained in the Developer’s Packet for the Land on which the tenderer requires clarification from JTC are to be listed or set out clearly in the Enquiry Forms supplied in the Developer’s Packet and 
  • Such Enquiry Forms must be submitted to and received by JTC not later than two (2) weeks prior to the submission of tenders.
  • JTC’s replies to such queries, doubts and uncertainties shall be sent to the inquirers not later than one (1) week prior to the date for submission of tenders.

What is the Tender Validity Period, Tender Deposit and Manner of Payment for JTC Industrial Land Tender?

  • All tenders submitted shall remain valid for a period of ten (10) weeks, with effect from 11.00am on the tender closing date.
  • Every tenderer shall pay a tender deposit of at least five per cent (5%) of the Tendered Sale Price.
  • The tender deposit mentioned shall be paid at the time of submission of tender in the manner following:
-- by way of one (1) or more cashier’s order(s) made payable to “Jurong Town Corporation” in the manner hereinafter appearing;

-- by way of bank transfer to the bank account of JTC hereinafter mentioned and in the manner hereinafter appearing;

-- by providing (as security for the payment) one or more bank/insurance guarantee(s) issued in favour of “Jurong Town Corporation” in the form and in the manner hereinafter set out for the total sum equivalent to the Tender Deposit; or

-- by a combination of two (2) or more of the above mentioned methods for the total sum equivalent to the Tender Deposit.

Payment in CASH or by CHEQUE or any other means WILL NOT BE ACCEPTED.
Industrial Land Tender

Under what conditions can a Tenderer of JTC Industrial Land be Rejected and Disqualify by JTC?

  • JTC reserves the right to reject the highest bid price or any tender or any part thereof.
  • Tenders submitted by the following categories of persons and companies will be disqualified and will not be considered :
  • Persons under the age of twenty-one (21) years;
  • Persons and companies debarred by the Government from participating in tenders or auctions of the ministries and departments of the Government and statutory boards;
  • Persons against whom a bankruptcy petition has been presented in the High Court;
  • Persons adjudicated bankrupt or persons against whom a receiving order has been made;
  • Insane persons;
  • Companies for which a petition for winding up has been presented in the High Court or companies in liquidation;
  • Companies placed under receivership and a receiver appointed to manage the affairs; and
  • Companies for which an application has been made for the appointment of a judicial manager or companies placed under judicial management.

What is the Permitted Usages for JTC Land?

  • The Development on the Land shall be strictly for use(s) as permitted or may be permitted by the Authority under the Planning Act (Cap 232) for Business 2 (B2) zoning (“Authorised Use”) in accordance with the Master Plan Written Statement, provided always that the Development or any part thereof shall not be used in any manner inconsistent with the use stated in the head lease made between the President of the Republic of Singapore and the Lessor in respect of the Land, nor used in relation to activities or industries which cause or generate any nuisance, smell, noise, vibration, electro-magnetic interference or air pollution whatsoever.
  • No change in the Authorised Use which will result in a change of the industrial B2 zoning of the Land or any part thereof shall be allowed. Any Health and Safety buffer(s) imposed by or arising from activities within the boundary of the Land are to be confined within the boundary of the Land.
 

Can a Company Not Incorporated in Singapore Tender for JTC Industrial Land in Singapore?

Where the tenderer is a company not incorporated in Singapore, the tenderer shall also submit together with the duly completed Form of Tender, copies of the following certified true copies by a director or corporate secretary of the company:

  • Certificate of Incorporation or registration in its place of incorporation or origin or a document of similar effect; and
  • Particulars of the company relating to its registered office address, principal activities, share capital, officers, directors and shareholders as registered with and maintained by the Authorities at its place of incorporation or origin.

What is the Requirement for Controlling Interest where Successful Tenderer carries out Development?

  • Where the Successful Tenderer who will be signing the Building Agreement as required to carry out and complete the Development is a company or includes one or more companies, such company or each of such companies shall, except where the prior written consent of JTC is obtained:

Ensure that its shareholders as at the Tender Closing Date hold and continue to retain a controlling interest of more than fifty percent (50%) of the shares in the company until the date of the issue by the Authorities of TOP(s) for the whole of the Development (“TOP Date”). In this respect it shall ensure, amongst other things, that no transfer, allotment or acquisition of its shares are carried out such as would affect the specified controlling interest of more than fifty percent (50%); and

Inform JTC of all transfers, allotments and acquisitions of its shares, all changes of shareholders and their shareholdings made up to the TOP Date.

  • If the Successful Tenderer who will be signing the Building Agreement is a company or includes one or more companies and if any of the shareholders of any such company as at the Tender Closing Date is in turn also a company (“Shareholder Company”), such Shareholder Company shall, except where the prior written consent of JTC is obtained:

Ensure that its shareholders as at the Tender Closing Date hold and continue to retain a controlling interest of more than fifty percent (50%) of the shares in the Shareholder Company until the TOP Date. In this respect it shall ensure, amongst other things, that no transfer, allotment or acquisition of its shares are carried out such as would affect the specified controlling interest of more than fifty percent (50%); and

Furnish to JTC on or before the expiry of the 90-Day Period an Undertaking executed under seal in the form and on such terms and conditions as set out.

What is the Option for Approved Developer to carry out Development and Requirement for Controlling Interest?

  • The Successful Tenderer may with the prior written consent of JTC:

Appoint another company, whether existing or newly formed, to carry out the Development and sign the Building Agreement in place of the Successful Tenderer; or

Together with one or more individuals or companies, whether as partners in an existing or newly formed partnership or otherwise, carry out the Development and sign the Building Agreement.

  • Where the consent of JTC is given, the Successful Tenderer shall ensure that it:

To holds a controlling interest of more than fifty percent (50%) of the shares in the Approved Developer and will continue to hold and retain such a controlling interest in the appointed company until the TOP Date; or

To holds a controlling interest of more than fifty percent (50%) share in the Land and the Development and will continue to hold and retain such a share until the TOP Date.

  • JTC’s consent may be given subject also to such other terms, conditions and requirements as JTC may deem necessary to impose.
  • Where the consent of JTC is given, the Successful Tenderer shall procure and ensure that the Approved Developer signs the Building Agreement in accordance with these Conditions of Tender such as would make the Approved Developer bound by all the provisions in these Conditions of Tender and the Technical Conditions of Tender as though it were the Successful Tenderer referred to therein.
  • Where the Approved Developer is a company and if the Successful Tenderer is a company or includes one or more companies, such successful tenderer company or companies shall, except where the prior written consent of JTC is obtained:

Ensure that the shareholders of such successful tenderer company or companies as at the Tender Closing Date hold and continue to retain a controlling interest of more than fifty percent (50%) of the shares in the Approved Developer until the TOP Date. In this respect, it shall ensure, amongst other things, that no transfer, allotment or acquisition of its shares are carried out such as would affect the specified controlling interest of more than fifty percent (50%); and

Furnish to JTC on or before the expiry of the 90-Day Period an Undertaking executed under seal in the form and on such terms and conditions as set out in Appendix D.

  • Where the Approved Developer consists of the Successful Tenderer and other approved individuals and/or companies and if the Successful Tenderer is a company or includes one or more companies, such last mentioned company or each of such last mentioned companies shall, except where the prior written consent of JTC is obtained:

Ensure that its shareholders as at the Tender Closing Date hold and continue to retain a controlling interest of more than fifty percent (50%) of the shares in the company until the TOP Date. In this respect it shall ensure, amongst other things, that no transfer, allotment or acquisition of its shares are carried out such as would affect the specified controlling interest of more than fifty percent (50%); and

Inform JTC of all transfers, allotments and acquisitions of shares, all changes of shareholders and their shareholdings made up to the TOP Date.

  • If the Successful Tenderer mentioned is a company or includes one or more companies, and any of the shareholders in the company or any of the companies is, as at the tender closing date, also a company (“Shareholder Company”), such Shareholder Company shall, except where the prior written consent of JTC is obtained –

Ensure that its shareholders as at the Tender Closing Date hold and continue to retain a controlling interest of more than 50% of the shares in the company until the TOP Date. In this respect it shall ensure, amongst other things, that no transfer, allotment or acquisition of its shares are carried out such as would affect the specified controlling interest of more than 50%; and

Furnish to JTC on or before the expiry of the 90-Day Period an Undertaking executed under seal in the form and on such terms and conditions as set out.

  • Where the Successful Tenderer is a company or includes one or more companies, such company or each of such companies and also each of the Shareholder Companies mentioned:

Within such time as notified supply to JTC a list in writing of the shareholders including the particulars of all the shares held by each shareholder and the value thereof as at the Tender Closing Date and such list shall be certified to be correct by a director of the company; and

On or before the expiry of the 90-Day Period supply to JTC a list in writing of the shareholders then holding shares in its company including the particulars of all the shares held by each shareholder and the value thereof and such list shall be certified to be correct by a director of the company.

  • Where the Approved Developer is a company, the Successful Tenderer shall ensure that the Approved Developer supplies, when required by JTC and in any event before the expiry of the 90-Day Period, a list in writing of the shareholders then holding shares in its company including the particulars of all the shares held by each shareholder and the value thereof and such list shall be certified to be correct by a director.
  • The Successful Tenderer shall comply with and ensure the compliance of the abovementioned requirements and such other requirements terms and conditions which JTC may deem necessary to impose in connection with the same unless expressly otherwise allowed by JTC.
  • Breach of any term or condition of the Undertaking furnished by the company or any company mentioned shall be deemed to be a breach by the Successful Tenderer of these Conditions of Tender and an Event of Default under the Building Agreement which shall entitle JTC to exercise its rights and remedies set out therein.

What is the Basic Requirements for Development For JTC Industrial Land?

  • The Successful Tenderer shall be required to develop the Land in accordance with the Building Agreement, these Conditions of Tender and the Technical Conditions of Tender (“Development”).
  • The units built in the Development shall comply with technical specifications of minimum floor loading capacity of 7.5 kN/sqm, minimum floor-to-ceiling height of four (4.0) metres and minimum electrical provision of 120 VA/sqm.
  • For the purpose of the Development, in respect of multi-user industrial developments, the gross floor area (“GFA”) of each unit shall not be less than one hundred and fifty (150) square metres. In the event the Successful Tenderer is allowed to strata subdivide the Development, the GFA of each strata subdivided unit shall also not be less than one hundred and fifty (150) square metres.
  • For the purpose of the Development, in respect of multi-storey industrial developments, the Successful Tenderer shall be required to provide the following number of goods/service lift(s), based on the maximum permissible GFA of the Land, with a minimum lift car size of 2.0 m by 3.0 m and loading capacity of 2.5 tons. The Successful Tenderer is also to provide the required number of loading bay(s) to serve the Development. This requirement is also applicable to Development(s) on each of the subdivided plot(s) should subdivision be allowed.
  • Minimum Provision of Goods/Service Lift(s) and Loading Bay(s)
 Maximum Permissible GFA of Land Parcel / Subdivided Plot  Technical Conditions
 < 10,000 sqm  Minimum 1 goods/service lift and 1 loading bay
 10,000 – 30,000 sqm   Minimum 2 goods/service lift and 2 loading bay
 > 30,000 sqm   Minimum 3 goods/service lift and 3 loading bay
For the avoidance of doubt, multi-storey industrial development applies to all industrial buildings which have four (4) storeys or more.

Industrial Land Tender

Is Strata Subdivision be Allowed in JTC Industrial Land?

The Successful Tenderer shall not strata subdivide the Land or any part thereof for a period of five (5) years (or such extended period as may be imposed by JTC) after the issuance of the Temporary Occupation Permit (“TOP”) for the whole Development.

After a period of five (5) years (or such extended period as the case may be) from the date the TOP is issued, the Successful Tenderer may with the prior written approval of JTC and the Authorities and at his own cost and expense strata subdivide the Land or any part thereof subject to such terms and conditions imposed by JTC and the Authorities. The terms and conditions imposed by JTC shall include but not limited to the following:

  • The GFA of each strata subdivided unit shall not be less than one hundred and fifty (150) square metres;
  • The Successful Tenderer, its assigns, successors-in-title (including subsidiary proprietors of the strata subdivided units) and management corporation (when formed) shall observe and comply with all covenants and conditions which are to be performed and observed by the Successful Tenderer under the terms of these Conditions of Tender, the Technical Conditions of Tender, the Building Agreement and the Lease. In this connection, the Successful Tenderer shall take all steps necessary to ensure compliance and observance by its assigns, successors-in-title (including subsidiary proprietors of the strata subdivided units) and management corporation (when formed) with the said covenants and conditions;
  • The Successful Tenderer shall indemnify and keep JTC fully indemnified against any and all losses, damages, actions, suits, proceedings, costs, fees and expenses that JTC may incur or suffer as a result of breach by the Successful Tenderer, its assigns, successors-in-title (including subsidiary proprietors of the strata subdivided units) and the management corporation (when formed) of the terms of these Conditions of Tender, the Technical Conditions of Tender, the Building Agreement and the Lease;
  • The Successful Tenderer, its assigns and successors-intitle (including subsidiary proprietors of the strata subdivided units) shall not act or neglect to act in any manner whatsoever, whether at meetings of the management corporation (when formed), meetings of the council of the management corporation (when formed) or otherwise, which will result in:
  • The management corporation (when formed) acting in any manner which is inconsistent with or contrary to the obligations of the Successful Tenderer, its assigns and successors-in-title (including subsidiary proprietors of the strata subdivided units) under any of the provisions of these Conditions of Tender, the Technical Conditions of Tender, the Building Agreement and the Lease;
  • The management corporation (when formed) acting in any manner which is inconsistent with or contrary to any of the provisions of these Conditions of Tender, the Technical Conditions of Tender, the Building Agreement and the Lease; and
  • The management corporation (when formed) acting in any manner which is inconsistent with or contrary to its obligations under the provisions of the Building Maintenance and Strata Management Act (Cap 30C). In this connection, the Successful Tenderer shall take all steps necessary to ensure compliance and observance by its assigns, successors-in-title (including subsidiary proprietors of the strata subdivided units) and management corporation (when formed); and
  • The Successful Tenderer, its assigns and successors-intitle (including subsidiary proprietors of the strata subdivided units) shall, on the expiry of the Lease or sooner determination of the Lease, procure the management corporation (when formed) to expeditiously take all steps necessary to terminate the strata subdivision of the building and to appoint a liquidator for purposes of winding up the affairs and distributing the assets of the management corporation in accordance with the provisions of sections 81 and 82 of the Land Titles (Strata) Act (Cap 158).

Is Subdivision of Land be Allowed (other than Strata Subdivision) for JTC Industrial Land?

The Successful Tenderer may with the prior written approval of JTC and the Authorities and at his own cost and expense, procure the subdivision of the Land and sell sublease assign transfer or otherwise dispose of the subdivided plots to purchasers sub lessees assignees transferees or parties taking under such disposition PROVIDED ALWAYS that

  • The Successful Tenderer shall not sell sublease assign transfer or otherwise dispose of any of the subdivided plots of the Land and shall develop each of the subdivided plots of the Land so that the gross floor area to be occupied by the Successful Tenderer thereon shall amount to a minimum of 50% of the gross floor area constructed on each of the subdivided plots by the Successful Tenderer on the Land for the first five (5) years after temporary occupation permit (“TOP”) is obtained for the part of the Development on the subdivided plot;
  • In the case of a sublease, the Successful Tenderer shall take all necessary steps to ensure that the sublessee and his assigns and successors-in-title also comply with and not breach or permit to be breached all or any of such obligations covenants terms and conditions which are to be performed and observed by the Successful Tenderer under the terms of these Conditions of Tender, the Technical Conditions of Tender, the Building Agreement and the Lease.
  • In the case of a sale assignment transfer or disposition under this Condition, the same shall only be permitted if the purchaser assignee transferee or party taking under such disposition (as the case may be) and his assigns and successors-in-title take on in total the whole of the obligations covenants terms and conditions of the Conditions of Tender, the Technical Conditions of Tender, the Building Agreement and the Lease in respect of the subdivided plot(s) in question.

What about the Sale and Sublease where only part of the development is constructed by the Lessee?

In the case where the Lessee has obtained the approval of the Lessor for its proposal for the subdivision of the Land into subdivided plots, the Lessee may sell sublease or otherwise dispose of the subdivided plots of the Land that are not to be sold or subleased (“Retained Subdivided Plots”) together with the part(s) of the Development to be constructed and completed thereon by the Lessee in whole or in part provided that:

  • Such sale sublease or disposition shall not be for any part of the Retained Subdivided Plots in its vacant or undeveloped state;
  • Such sale sublease or disposition shall not be entered into until after Building Plan Approval is issued by the Authorities for the part (s) of the Development to be constructed on the Retained Subdivided Plots;
  • Such sale sublease or disposition [apart from any sublease that is not regarded as a disposal of any part of the Land and the Development under section 4 of the Planning Act (Cap 232)] shall not be for the whole and all of the Retained Subdivided Plots and the part(s) of the Development to be constructed thereon to one and/or the same purchaser sublessee or party prior to the issue of Temporary Occupation Permit or Permits by the Authorities for such part(s) of the Development; and
  • The Lessee shall inform the Lessor in writing in the event of any sale, sublease or disposition of the Land and the Development or any part thereof not later than seven (7) days of entering into the contract with the purchaser sublessee or party accepting the disposition and shall furnish such information required by the Lessor.

How to do an Acceptance of Tender by the Successful Tenderer in JTC Industrial Land?

As soon as JTC has selected the Successful Tenderer, JTC shall inform the Successful Tenderer of the acceptance of his tender by letter (“Tender Acceptance Letter”) sent to him by post to the address given in his tender and such letter so sent shall be deemed to have been received by the addressee in due course of post. The date of the Tender Acceptance Letter from JTC to the Successful Tenderer shall be deemed to be the date of acceptance by JTC of the tender.

The Successful Tenderer shall pay the proper amount of ad valorem duty chargeable on the Tender Acceptance Letter under the Stamp Duties Act (Cap 312) within fourteen (14) days of the date thereof and shall within ninety (90) days from the date of the Tender Acceptance Letter (inclusive of the date of the Tender Acceptance Letter) or the latest by 11:00am on the 90th day from the date of the Tender Acceptance Letter (“90-Day Period”) furnish to JTC :-

  • A copy of the Certificate of Stamp Duty issued by the Commissioner of Stamp Duties for the Tender Acceptance Letter; and
  • Being attached to the said Certificate of Stamp Duty, a copy of the Tender Acceptance Letter bearing a certification by an Advocate & Solicitor that it is a true copy of the document referred to in the said Certificate of Stamp Duty.

What is the Timeline for Project Completion Period for JTC Industrial Land?

  • The Successful Tenderer shall be required to construct and obtain or ensure the construction and the issue by the Authorities of TOP(s) for the whole of the Development within the project completion period of sixty (60) months computed from the date of acceptance of tender by JTC (“Project Completion Period”) including where applicable the part or parts of the Development to be constructed and completed by the purchasers or sublessees, as the case may be, on the subdivided plots of the Land as mentioned. 
  • Factors like inclement weather, festive occasions, tight labour market and other reasons which may delay or affect the progress of the Development have been taken into consideration in the determination of the Project Completion Period by JTC.

Is Environmental Baseline Study required and What is the Reinstatement at End of Lease Term for JTC Industrial Land?

Environmental Baseline Study :
  • The Successful Tenderer shall conduct an environmental baseline study  to determine the presence of minerals, hydrocarbons and chemicals on and beneath the Land and to submit to JTC a written copy of the results of the Environmental Baseline Study within four (4) months from the commencement date of the Lease Term.
  • Reinstatement at End of Lease Term :
  • To remove all buildings, structures, fixtures, fittings, installations and equipment, or any part of it as may be specified by the Lessor;
  • To engage a competent independent consultant, who shall be from the relevant list of third party specialist consultants published at the relevant time by the National Environment Agency or its successor, to conduct another Environmental Baseline Study (“Subsequent Study”) to determine the level of contamination at, on and beneath the Land and buildings and to submit a written copy of the Subsequent Study to the Lessor;
  • If the results of the Subsequent Study indicate that the level of minerals, hydrocarbons or chemicals present at the time of the Subsequent Study exceeds that of the First Baseline Study, to properly carry out within the time stipulated by the Lessor, all works necessary to decontaminate the Land to the state and condition existing at the time of the First Baseline Study and to the Lessor’s and the Authorities’ satisfaction; and
  • To reinstate any damage to and yield up the Land in tenantable repair or original condition in accordance with the Lessee’s covenants.

What is in the Building Agreement to be signed by Successful Tenderer for JTC Industrial Land?

The Building Agreement shall be deemed to form part of these Conditions of Tender, which together with the Technical Conditions of Tender shall also be deemed to form part of the terms and conditions of the Building Agreement as though they were specifically set out in the Building Agreement and are to be observed and performed by the Lessee therein mentioned. HOWEVER if there is any conflict between the provisions of the Building Agreement and these Conditions of Tender or the Technical Conditions of Tender, the provisions of the Building Agreement shall have overriding effect.

The Successful Tenderer shall upon receipt of the Building Agreement in duplicate:
  • Sign and date the two (2) copies of the Building Agreement; and
  • Return to JTC the original and duplicate of the Building Agreement, within twenty-one (21) days of the date of the Building Agreement.
  • JTC will execute the Building Agreement and forward the original to the Successful Tenderer for safekeeping.

How to Apply for Sites on the Government Industrial Land Sales (IGLS) Reserve List System?

  • A developer who is interested in purchasing a JTC site on the GLS reserve list must submit the application form, indicating the minimum price that he is willing to bid for the site if it is put up for tender. The applicant understands that a valid application shall consist of the following criteria:
The Applicant shall use the most updated application form for purpose of this Tender application;
The Applicant shall put the proposed quantum for the minimum bid price in lump sum;
The Applicant's signature must be executed at the signatory page of this Tender application;
The prescribed label must be pasted on the envelope containing this Tender application.

  • The completed form must be enclosed in a sealed envelope with the prescribed label. It should be addressed to:
            c/o Director, Contracts & Procurement Division
            JTC Corporation
            The JTC Summit
            8 Jurong Town Hall Road
            Singapore 609434

  • The applicant must also indicate clearly on the front of the sealed envelope of the land parcel being applied for.
  • At present, no application fees will be charged. However, if there is any misuse of the system, for example, repeated frivolous applications, application fees or other appropriate measures may be introduced.
  • The applicant will be informed of the outcome of his application within two weeks.
  • The application will be accepted if the minimum bid price is acceptable; and the applicant is not disqualified from participating in land sale tenders.
  • Upon acceptance of the application, the applicant will be advised to execute an agreement to participate in the tender when the land sale is launched and to pay a deposit of 3% of the minimum bid price by way of a cashier's order, banker's guarantee or by bank transfer within a period of two weeks. The applicant will henceforth be referred to as the "committed applicant". If he fails to do so, the acceptance of the application will lapse and no further action will be taken on the application.
  • Where 3% of the minimum price exceeds $5 million, the deposit payable shall be $5 million only.
  • Upon the execution of the agreement and payment of the deposit by the applicant, JTC will make a public announcement about the acceptance of the application and the accepted minimum bid price.
  • The identity of the committed applicant will not be disclosed to the public.
  • Under the agreement, the government will launch the site for tender within six weeks from the date of signing of the agreement, failing which the agreement will lapse and the deposit will be refunded, without interest, to the committed applicant.
  • Under the agreement, if the applicant fails to submit a bid in the tender, puts in an invalid bid or bids below the submitted bid price, the deposit will be forfeited.
  • The land sale will be conducted in the form of a public tender. The opening bid price shall be the minimum bid price as stated in the Particulars of Tender. Interested parties may purchase the tender documents from JTC.
  • The successful applicant may submit a tender price higher than the minimum price in the tender.
  • The applicant will be allowed to use the deposit for the agreement as full or part payment of the tender deposit. This will be applicable also in the event the tender is submitted by the applicant jointly with another party. If he puts in a bid in accordance with the agreement, but is not the highest bidder in the tender, his deposit will be refunded.
  • The tender will be opened for six weeks from the date of launch. Tenders shall be deposited in a designated tender box at JTC's Contact Centre @ The JTC Summit by the stipulated closing date and time.
  • For the sake of clarity, no interest shall accrue in respect of the Deposit and any reference to any refund of the Deposit shall mean refund of the Deposit without payment of any interest monies.

While every endeavour has been made to ensure that the information provided herein is correct, ALLIANCE FACILITIES MANAGEMENT PTE LTD disclaims liability for any damage or loss that may be caused as a result of any error or omission.