JTC Industrial Land Tender Q&A: A Comprehensive Guide

Answer: The JTC Industrial Land Tender is a process where JTC Corporation, the leading agency for industrial development in Singapore, invites offers for the lease of industrial land through a competitive tendering process. The lease is governed by specific conditions outlined in the Conditions of Tender and Technical Conditions of Tender.

Answer: Interested parties can participate by purchasing the Tenderer’s Packet from JTC, completing the necessary forms, and submitting a bid before the tender closing date. The Packet contains all relevant information and documents needed for the submission. The Tenderer’s Packet costs SGD 185.30, inclusive of GST. 

Answer: The Tenderer’s Packet includes the Particulars of Tender, Conditions of Tender, Technical Conditions of Tender, Form of Tender, Building Agreement, Form of Lease, Control Plans, Topographical Survey Plan, Soil Investigation Report, and other relevant documents.

Answer: Tenders should be submitted in a sealed envelope and deposited in the Tender Box located at The JTC Summit, 8 Jurong Town Hall Road, Singapore 609434, by the specified deadline.

Answer: The minimum tender deposit required is 5% of the Tendered Sale Price. This deposit demonstrates the tenderer's financial commitment to the tender process.

Answer: The tender deposit can be paid via bank transfer to JTC’s designated account or by providing a bank guarantee. Cash and cheque payments are not accepted to ensure a secure and traceable payment process.

Answer: The Tender Validity Period is ten weeks from the Tender Closing Date, during which JTC evaluates the tenders. JTC may extend this period by up to two weeks with prior notice to all tenderers if needed.

Answer: Yes, JTC reserves the right to reject any tender, including the highest bid, without providing a reason. This ensures JTC has the flexibility to select tenders that best meet their criteria.

Answer: Tenders can be disqualified for reasons such as missing the tender deposit, incomplete details, late submission, non-compliance with the Conditions of Tender, or if the tenderer is a debarred entity, under 21, bankrupt, or in liquidation.

Answer: You need to submit a completed Form of Tender, the tender deposit, and additional documents if the tenderer is a company not incorporated in Singapore, including proof of the company's registration and relevant authorization to submit the tender.

Answer: The lease term for the industrial land offered in the tender is typically 20 years, upon meeting the Conditions of Tender and Technical Conditions of Tender.

Answer: The Mandatory Occupation Requirement stipulates that the lessee must occupy at least 50% of the gross floor area of the development during the first five years from the TOP (Temporary Occupation Permit) Date to ensure the land is actively utilized for its intended purpose.

Answer: Depending on which plot of land is tendering for. 

Answer: Assignment of the lease is not allowed without prior written consent from JTC. Specific conditions apply during the first five years of the lease term to ensure the land is used as intended and to prevent speculative activities.

Answer: Non-compliance with the Conditions of Tender can result in forfeiture of the tender deposit, termination of the lease, and other legal actions by JTC to ensure compliance and proper use of the land.

Answer: The lessee must comply with JTC’s Environmental Site Assessment Requirements and Technical Guideline, including conducting environmental assessments, decontaminating the land if necessary, and ensuring sustainable development practices.

Answer: The lessee must submit detailed layout plans, building plans, and other required documents to JTC and relevant authorities for approval before commencing any development work to ensure compliance with planning and building regulations.

Answer: The lessee must install and maintain solar photovoltaic panels on the roof of the building if the available roof area is at least 800sqm, promoting sustainable energy use and compliance with JTC’s green initiatives.

Answer: JTC has the right to terminate the lease early if the lessee fails to comply with the Conditions of Tender, such as non-payment of rent, unauthorized alterations, or failure to maintain the land, ensuring proper use and compliance.

Answer: The lessee must regularize and remove any encroachments at their own cost, complying with JTC’s requirements. Failure to address encroachments can lead to penalties and legal actions.

Answer: The Project Completion Period is typically 60 months from the date of the Tender Acceptance Letter, within which the development must be completed and operational, ensuring timely utilization of the land.

Answer: With JTC’s consent, an Approved Developer can be appointed to carry out the development and sign the Building Agreement in place of the Successful Tenderer, ensuring professional and compliant development.

Answer: Possession is delivered upon receipt by JTC of all required payments and documents. A possession letter will be issued stating the possession date, which marks the start of the lease term.

Answer: The land cannot be used for any purpose other than development without prior approval from JTC and relevant authorities, ensuring compliance with the intended use and development timeline.

Answer: The Building Agreement formalizes the terms and conditions for the development and lease of the land. It must be signed by both JTC and the Successful Tenderer and is legally binding.

Answer: JTC will inform the Successful Tenderer through a Tender Acceptance Letter. The Successful Tenderer must then pay the appropriate stamp duty and submit other required documents within specified timelines to finalize the lease agreement.

Answer: Failure to sign the Building Agreement within the specified time can result in termination of the tender and forfeiture of deposits, ensuring only committed and compliant tenderers proceed.

Answer: The Successful Tenderer must pay 25% of the Tendered Sale Price within 28 days from the Tender Acceptance Letter date and the remaining 75% within 90 days, ensuring timely financial commitment.

Answer: The lessee must decontaminate the land to JTC’s satisfaction at the end of the lease term, complying with JTC’s Environmental Site Assessment Requirements and Technical Guideline, ensuring the land is returned in good condition.

Answer: Mortgaging the land is allowed only after signing the Building Agreement with JTC’s prior written consent, ensuring financial stability and compliance.

Answer: A successful tender submission requires complete and accurate documentation, compliance with all Conditions of Tender, timely submission of the Tender Deposit, and adherence to JTC’s requirements and guidelines, demonstrating commitment and capability.

Answer: Errors or omissions in the tender documents do not invalidate the tender or entitle the Successful Tenderer to compensation or reduction in the Tendered Sale Price, ensuring clarity and responsibility.

Answer: JTC will conduct a random ballot to select one for acceptance, with tenderers invited to witness the ballot, ensuring fairness and transparency.

Answer: The Successful Tenderer must pay the ad valorem duty within 14 days of receiving the Tender Acceptance Letter, ensuring timely compliance with tax obligations.

Answer: The Successful Tenderer will receive vacant possession of the JTC Land upon fulfilling the requirements stated in the Tenderer's Packet, which includes making the necessary payments and submitting the required documents as specified by JTC.

Answer: The commencement date of the Lease Term is established by delivering a letter to the Successful Tenderer, indicating the specific date from which possession of the Land is deemed to be handed over to them. This designated date will mark the beginning of the Lease Term.

Answer: By accepting the Land on an "as is where is" basis, the Successful Tenderer acknowledges and agrees to assume responsibility for the condition and state of the Land as described in the relevant section of the Tenderer's Packet. Any existing conditions, limitations, or factors related to the Land are accepted by the Successful Tenderer without alteration or modification.

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• Historical Data of JTC Industrial Land Sold from 2017 to 2024

• Historical Data of JTC Industrial Land Sold from 2014 to 2016