JTC Plant & Machinery (P&M) Investment Guide | Lease Renewal, Assignment of Lease & Net Book Value Singapore

Investment in qualifying Plant & Machinery demonstrates that a company is committed to operating and expanding its industrial activities in Singapore.

A well-supported Plant & Machinery investment schedule helps demonstrate:

• Long-term manufacturing commitment

• Industrial productivity improvement

• Automation and technology adoption

• Capital Expenditure (CAPEX)

• Industrial asset investment

• Value-added manufacturing

• Operational capability

• Business growth and expansion

For many JTC Lease Renewal and JTC Assignment of Lease applications, a properly prepared Plant & Machinery schedule forms an important part of the supporting Business Plan.

The following are examples of equipment that are generally regarded as qualifying Plant & Machinery, subject to JTC's prevailing requirements:

Production Equipment

• Manufacturing production lines

• CNC machines

• Injection moulding machines

• Metal fabrication equipment

• Printing machines

• Packaging machinery

• Food processing equipment

• Pharmaceutical manufacturing equipment

Industrial Automation Equipment

• Robotic systems

• Automated storage and retrieval systems (ASRS)

• Industrial automation systems

• PLC control systems

• Vision inspection systems

• Automated production lines

Material Handling Equipment

• Conveyor systems

• Overhead cranes

• Gantry cranes

• Hoists

• Forklifts

• Automated Guided Vehicles (AGVs)

Warehouse Equipment

• Warehouse racking systems

• Mezzanine storage systems

• Cold room equipment

• Warehouse automation systems

Utilities Supporting Production

• Air compressors

• Industrial chillers

• Boilers

• Dust collection systems

• Production exhaust systems

• Industrial water treatment systems

Items primarily used for office administration or general building purposes are generally not regarded as qualifying Plant & Machinery investments.

Examples include:

• Office furniture

• Office computers

• Office printers

• Office air-conditioning systems

• Pantry equipment

• Decorative fixtures

• General office renovation works

Does JTC accept Net Book Value (NBV)?

• Yes.

• Existing machinery purchased before the approved investment period or relocated from another facility may generally be recognised based on its Net Book Value (NBV), subject to JTC's prevailing assessment requirements and supporting documentation.

Can relocated machinery be counted?

• Yes.

• Machinery transferred from another facility may generally be included using its Net Book Value (NBV) where appropriate, subject to JTC's assessment and the nature of the application.

Can installation and commissioning costs be included?

• Generally yes.

• Costs directly related to transporting, installing, testing and commissioning qualifying Plant & Machinery may form part of the overall investment, provided they are properly supported.

Does automation equipment qualify?

• Yes.

• Industrial automation equipment that directly supports manufacturing or production processes generally qualifies as Plant & Machinery, including robotic systems, automated production lines and industrial control systems.

Does warehouse equipment qualify?

• Equipment directly supporting industrial operations, such as warehouse racking systems, conveyor systems, forklifts, overhead cranes, and warehouse automation systems, may generally qualify where they form part of the company's approved industrial activities.

A comprehensive Plant & Machinery investment schedule demonstrates a company's commitment to:

• Industrial productivity

• Manufacturing capability

• Technology adoption

• Operational efficiency

• Long-term investment in Singapore

• Sustainable industrial growth

This information forms an important component of many JTC Business Plans submitted for Lease Renewal, Assignment of Lease, and other industrial property applications.

Alliance Facilities Management has successfully advised companies on more than 150 JTC submissions involving over S$1.5 billion worth of industrial assets.

Our consultancy services include:

• Review of qualifying Plant & Machinery

• Assessment of Net Book Value (NBV)

• Identification of eligible Capital Expenditure (CAPEX)

• Preparation of Plant & Machinery investment schedules

• Integration into JTC Business Plans

• Industrial productivity justifications

• Supporting documentation for JTC Lease Renewal and JTC Assignment of Lease

Our consultants work closely with clients to ensure that Plant & Machinery investments are properly documented, clearly presented, and aligned with JTC's prevailing assessment criteria.

We’re proud to serve a wide array of industries and business sizes, including:

• ✅ Listed Companies (20.39%)

• ✅ Multinational Corporations (28.16%)

• ✅ Small and Medium Enterprises (51.45%)

Our diverse client base spans:

Sector (% Share)

• Chemical / Gas (8.74%)

• Construction / Engineering (14.56%)

• Distribution / Warehousing (11.65%)

• Food Production / Distribution (12.62%)

• General Manufacturing / Engineering (12.62%)

• Logistics / Transportation (8.74%)

• Marine / Shipbuilding (13.59%)

• Precision Engineering / Cleanroom (6.80%)

• Retail & Distribution (4.85%)

• Waste Treatment / Automobile (5.83%)

We tailor our services to the unique challenges and opportunities of each sector.  Read our 2026 Featured Success Stories here >>

Alliance Facilities Management Pte Ltd is committed to transparent, ethical and compliance-led consultancy. We do not offer, solicit or accept improper gratification, and all JTC applications are prepared based on proper business, operational, financial and regulatory merits.

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