Procedures for the Industrial Government Land Sales Reserve List
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Procedures for the Industrial Government Land Sales Reserve List -
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.
Frequently Asked Questions (FAQs)
Question: Application for sites on the Industrial Government Land Sales (IGLS) Reserve List
Answer: A developer who is interested in purchasing a JTC site on the GLS reserve list must submit the application form, indicating the minimum price that he is willing to bid for the site if it is put up for tender. The Applicant understands that a valid application shall consist of the following criteria:
The Applicant shall use the most updated application form for purpose of this Tender application;
The Applicant shall put the proposed quantum for the minimum bid price in lump sum;
The Applicant's signature must be executed at the signatory page of this Tender application;
The prescribed label must be pasted on the envelope containing this Tender application.
Question: Submission of Application Form for sites on the Industrial Government Land Sales (IGLS) Reserve List
Answer:
The completed form must be enclosed in a sealed envelope with the prescribed label.
The Applicant must also indicate clearly on the front of the sealed envelope of the land parcel being applied for.
No application fees will be charged.
The Applicant will be informed of the outcome of his application within three weeks.
Question: Acceptance of the Application
Answer:
Upon acceptance of the application, the Applicant will be advised to execute to participate in the tender when the land sale is launched and to pay a deposit of 3% of the minimum bid price by way of a cashier's order, or by bank transfer within a period of two weeks.
The Applicant will henceforth be referred to as the "committed applicant". Where 3% of the minimum price exceeds $5 million, the deposit payable shall be $5 million only.
Question: Tender of a Reserve List Site Through Open Tender
Answer:
Upon the execution of the agreement and payment of the deposit by the Applicant, JTC will make a public announcement about the acceptance of the application and the accepted minimum bid price.
The identity of the committed Applicant will not be disclosed to the public.
Under the agreement, the government will launch the site for tender within six weeks from the date of signing of the agreement, failing which the agreement will lapse and the deposit will be refunded, without interest, to the committed Applicant.
Under the agreement, if the Applicant fails to submit a bid in the tender, puts in an invalid bid or bids below the submitted bid price, the deposit will be forfeited.
The land sale will be conducted in the form of a public tender. The opening bid price shall be the minimum bid price as stated in the Particulars of Tender.
The Applicant will be allowed to use the deposit for the agreement as full or part payment of the tender deposit. This will be applicable also in the event the tender is submitted by the Applicant jointly with another party. If he puts in a bid in accordance with the agreement, but is not the highest bidder in the tender, his deposit will be refunded.
The tender will be opened for six weeks from the date of launch.
Question: Purchase a JTC Property Directly from the JTC Reserve Units Listing of Standard Factories
Answer:
As 100% of our Company's consultancy fee is payable after approval-in-principle is obtained from JTC for the Consent for the Purchase of Standard Factory, our Company reserved the right to reject any company in our opinion after our initial assessment that does not qualify to purchase a JTC Property from the Reserve Units Listing of Standard Factories.
JTC Industrial Property – Market Research Reports
Statistics on Historical Data of JTC Industrial Land Sold from 2017 to 2024
Statistics on Historical Data of JTC Industrial Land Sold from 2014 to 2016
Statistics on JTC Prepared Industrial Land - Updated 4th Quarter 2023
Statistics on JTC Ready-Built Facilities (Land Based) - Updated 4th Quarter 2023
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
Historical Data of Industrial Properties Caveats Lodged from 2000 to 2009
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.
Our Key Services Include:
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.
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