What is JTC Right of First Refusal (ROFR)?

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Question: What is JTC Right of First Refusal (ROFR)?

Answer: In land scarce Singapore, constant rejuvenation of land use is essential to enhance land use optimisation. To facilitate overall land use planning and developmental needs, JTC will impose ROFR clause for new contracts to allow JTC the right to buy back the property should the lessee intend to assign/sell the premises. With effect from 15 April 2010, ROFR clause will be included in the lease for new allocation, lease renewal and lease assignment cases.

At Alliance Facilities Management Pte Ltd, we specialize in the JTC Assignment of Lease process, a crucial service for businesses looking to navigate the intricate landscape of JTC property lease assignment in Singapore. Our clients, mainly multinational corporations (MNCs) and small and medium-sized enterprises (SMEs), trust us to guide them through this process as they seek to expand their operations in Singapore. This involves transferring the remaining period of lease to a prospective buyer.

We guide OUR CLIENTS through the application process for the transfer of lease, which includes the preparation and submission of the transferee’s business plan, advisory for industrial allocation from the National Environment Agency (NEA), Land Use Proposal Form from the Land Transport Authority (LTA), and the approval for storage of petroleum and flammable material from the Singapore Civil Defence Force (SCDF), if applicable. Lease transfer applications are subject to JTC’s assessment of the transferee’s business plan, including details on Fixed Assets Investments (FAI), job creation, and value-add to the economy.

Our payment structure is designed with OUR CLIENTS' best interests in mind, as we only charge upon approval and do not require any upfront payments. This demonstrates our confidence in our ability to deliver results and ensures that our success is aligned with that of our clients.

The Information Listed Above Is To Be Used As A Reference Only.

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.

JTC Industrial Property – Market Research Reports

Our Key Services Include:

Our key services include:

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