JTC Anchor Tenant Application

Alliance Facilities Management Pte Ltd is a premier professional consultancy firm based in Singapore, offering a comprehensive suite of services to clients in the industrial property sector. Catering primarily to multinational corporations and small and medium-sized enterprises looking to expand their operations in Singapore, our team of experienced professionals is dedicated to guiding OUR CLIENTS through the complex process of navigating various industry property requirements, applications and business plan justifications to the authorities for approval. With our wide range of services, industry knowledge, and customer-centric approach, we are committed to providing an exceptional experience and delivering the best outcomes for our clients.  

Our JTC Anchor Tenant Application service is one of our key offerings. We offer expert guidance on successfully securing approval as a JTC Anchor Tenant for industrial land. We also provide detailed information on the Allowable Sublet Quantum and Sublet Term for Third-Party Facility Providers effective from 1 September 2021, JTC's Subletting policies, the Minimum Occupation Period (revised w.e.f. 15 November 2013), and Gross Floor Area requirements for JTC Anchor Tenants.

Answer: 

Third-Party Facility Providers

• Must sublet at least 70% of GFA per allocation to anchor subtenant(s). Subletting to anchor subtenants can be granted till the expiry of the current lease term.

• Can sublet up to 30% of GFA to non-anchor subtenants with sublet term of up to three years for each non- anchor subtenant.

The sublet space must be occupied by an approved anchor subtenant(s) at all times. Multiple anchor subtenants are allowed to jointly fulfil the minimum 70% GFA requirement after the original anchor tenant left after fulfilling the Minimum Occupation Period.

An approved anchor subtenant is defined as a business that satisfies JTC’s assessment criteria in terms of:

• value-added per sqm of the land;

• remuneration per worker;

• skilled worker profile; and

• occupying a minimum GFA of at least 1,000 sqm.

Answer: For detailed information on the latest policy on JTC's Subletting? Visit HERE

Answer: JTC Anchor Tenant Application

• The approved anchor tenant of a Third-Party Facility Provider is defined as a company that satisfies JTC’s assessment of value-added, remuneration per worker and skilled worker profile, as well as the minimum GFA requirement. 

• Detailed Business Plan and Proposal are Required for submission to JTC.

Reduced Gross Floor Area (GFA) Requirement by JTC Anchor Tenant / Subtenants

• Under 3PFP’s policy, approved anchor subtenants must collectively occupy a minimum quantum of space and each anchor subtenant must take up at least 1,500 sqm of space. We have received feedback that many quality anchor subtenants require smaller spaces than the minimum space quantum specified in the policy. In our review, we had to balance the need to ensure the provision of large spaces for quality industrialists with this feedback. To allow more quality industrialists to qualify as anchor subtenants, we will reduce the required minimum GFA to 1,000 sqm.

 JTC Anchor Tenant / Subtenants Which Remain status quo at Renewal Need Not be Reassessed

• Currently, anchor subtenants need to apply for subletting renewals and applications are assessed based on their economic contributions, the productivity of the project and the creation of good jobs. To improve administrative efficiency, the reassessment of existing anchor subtenants at renewals will now be required only when there is a change (i.e. an increase or decrease) in their occupied GFA and/or usage. Please note that applications will still have to be submitted for extensions of subletting period.

Minimum Occupation Period of JTC Anchor Tenant / Subtenant upon Renewal

• A minimum occupation period (MOP) of three years per term is currently imposed on subsequent anchor subtenants, i.e. replacement of the original anchor subtenants. To allow greater flexibility for these anchor subtenants, we will now consider the overall duration the anchor subtenants have been on site. As such, during their renewals, subject to our approval, they can now renew for any duration (depending on their business needs) after they have fulfilled their initial MOP. Similarly, this flexibility will also be extended to original anchor subtenants for their renewals after they have fulfilled their MOP.

Answer: For detailed information on the latest policy on JTC's Subletting? Visit HERE

The information listed above is to be used as a reference resource for your personal consumption only. It is not intended to be and does not constitute financial advice, investment advice or any other advice, All applications are subject to final approval by JTC at JTC's discretion (including any terms and conditions that JTC may in its discretion impose with such final approval). 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.

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• Statistics on JTC Prepared Industrial Land - Updated 4th Quarter 2023

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• Statistics on JTC Industrial Property – Quarterly Market Report - 1st Quarter 2017 to 4th Quarter 2023

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• Historical Data of Industrial Properties Caveats Lodged from 2022 to 2024

• Historical Data of Industrial Properties Caveats Lodged from 2020 to 2021

• Historical Data of Industrial Properties Caveats Lodged from 2018 to 2019

• Historical Data of Industrial Properties Caveats Lodged from 2016 to 2017

• Historical Data of Industrial Properties Caveats Lodged from 2010 to 2015

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Our key services include:

• JTC Assignment of Lease Application: We assist Clients in preparing successful proposals and business plans for obtaining approval for the JTC Lease Assignment or purchase of JTC property and industrial land.

• JTC Standard Factories Launch: We provide guidance on preparing successful proposals and business plans for obtaining approval for successfully purchasing directly from JTC for Standard Factories Launch and Tender Application.

• JTC New Industrial Land Application / Tender / Industrial Government Land Sales Programme (IGLS): Our team specializes in preparing, analyzing, and tendering for JTC Industrial Land.

• JTC Lease Renewal / Extension of Lease: We support clients in preparing successful proposals and business plans to obtain approval for applying for JTC Lease Renewal and Extension of the Lease.

• JTC Third-Party Build and Lease Scheme: We help clients successfully apply for JTC Third-Party Build and Lease Scheme.

• JTC Anchor Tenant Application: Our expertise enables clients to successfully apply for approval as JTC Anchor Tenant for industrial properties.

• JTC Concept and Price Tender: We guide clients in successfully applying for JTC factory under the Concept and Price Tender (CPT).

• Construction of JTC Factory / Industrial Developments Services: We provide consultation on Facilities Optimization and Construction of JTC factory.

• JTC Industrial Property – Market Research Reports: We offer up-to-date statistics on historical data of JTC industrial land sold, Prepared Industrial Land, Ready-Built Facilities (land-based), Quarterly Market Reports, JTC Land Rent for JTC's standard factory and purpose-built factory, and historical data of JTC properties caveats lodged from 2000 to 2024.

• Singapore Economic Outlook 2024: Quarterly Report on Singapore Economic Performance. Next Update 3rd week of May 2024.