What is the Tender Validity Period, Tender Deposit and Manner of Payment for 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 abovementioned methods for the total sum equivalent to the Tender Deposit.

  • Payment in CASH or by CHEQUE or any other means WILL NOT BE ACCEPTED.





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