JTC IGLS Reserve List Procedure Singapore | Application Guide

The Industrial Government Land Sales programme, commonly known as the IGLS programme, is the Singapore Government’s system for releasing industrial land for private-sector development.

JTC acts as the land-sales agent for the programme and releases industrial sites through public tenders under two principal categories:

Confirmed List

• A Confirmed List site is scheduled to be launched for tender on a predetermined date. Eligible companies may participate during the tender period after reviewing the site conditions and tender requirements.

Reserve List

• A Reserve List site is launched only after JTC receives and accepts an application from an interested company. The applicant must propose a minimum bid price and specify the intended use of the site.

After a successful application, the land is not automatically awarded to the applicant. It is released through a six-week public tender, during which other eligible companies may also submit bids.

Minimum Bid Price

• The minimum bid price is the lump-sum amount proposed by the applicant when applying for the Reserve List site.

• If JTC accepts the application, this amount will be published when the site is launched. The successful applicant must subsequently submit a tender price that is at least equal to the accepted minimum bid price.

Application Deposit

• The application deposit is equal to 3% of the accepted minimum bid price.

• The deposit is not required when the initial Reserve List application is submitted. It becomes payable only after JTC accepts the application and asks the applicant to sign the agreement to participate in the tender.

Tender Deposit

• The tender deposit must generally be at least 5% of the tendered sale price.

• For the company that successfully applied to activate the Reserve List site, the earlier 3% application deposit may form part of the required tender deposit.

Reserve Price

• The Reserve Price is JTC’s internal benchmark for considering whether a tender bid is acceptable.

• The Reserve Price is different from the applicant’s published minimum bid price. A tender at or above the minimum bid price does not automatically guarantee that the site will be awarded.

Conditions of Tender

• The Conditions of Tender, or COT, set out the legal, financial and procedural requirements for participating in the tender.

Technical Conditions of Tender

• The Technical Conditions of Tender, or TCOT, contain the site-specific planning, engineering, development, infrastructure and technical requirements that the successful tenderer must comply with.

Review JTC’s current Industrial Government Land Sales listings and identify a Reserve List site marked “Available for Application.”

Examine the site information carefully, including:

• Location and site area

• Permitted and prohibited uses

• Land tenure

• Gross plot ratio

• Development requirements

• Infrastructure and access

• Tender and application deadlines

A company should not activate a site solely because its location appears suitable. Its proposed operations must also comply with the site’s authorised industrial use and technical conditions.

Obtain the current Tenderer’s Packet for the selected site at the prevailing fee.

The packet contains important documents and instructions, which may include:

• Application form

• Conditions of Tender

• Technical Conditions of Tender

• Site plans

• Submission instructions

• Prescribed envelope labels

• Payment and deposit requirements

Applicants should rely on the current Tenderer’s Packet because conditions may differ between sites and may be updated before a subsequent tender exercise.

Complete the application form contained in the Tenderer’s Packet.

The applicant will generally need to:

• State the minimum bid price in one lump sum

• Specify the intended use of the industrial site

• Provide the required company information

• Sign the application form

• Submit the documents in the prescribed format

The initial application does not require payment of the 3% application deposit.

Submit the completed application in a sealed envelope using the prescribed label and delivery method stated in JTC’s current instructions and Tenderer’s Packet.

The application must reach JTC before the applicable application closing date and time. Late or incomplete submissions may not be considered.

JTC will assess whether:

• The proposed minimum bid price is acceptable

• The intended use is suitable for the site

• The applicant is eligible to participate in a Government land-sale tender

• The applicant is not disqualified from tender participation

• Any relevant agency requirements can be met

JTC generally informs applicants of the application outcome within approximately three weeks, although additional time may be required where assessments by other agencies are involved.

If the application is accepted, the applicant must:

• Sign an agreement confirming that it will participate in the subsequent tender; and

• Pay an application deposit equal to 3% of the accepted minimum bid price.

The payment must generally be made by banker’s guarantee or bank transfer within the period specified by JTC, currently two weeks from acceptance.

If the applicant does not sign the agreement or pay the deposit within the required period, the application acceptance may lapse and the site may not be launched.

After receiving the signed agreement and application deposit, JTC will announce:

• That a Reserve List application has been accepted

• The accepted minimum bid price

• That the site will be launched for tender

• The tender opening and closing dates when available

JTC does not publicly disclose the identity of the successful Reserve List applicant.

The site is expected to be launched within six weeks after JTC receives the signed agreement and application deposit.

Once launched, the Reserve List site will be offered through a six-week open public tender.

The company that activated the site must participate using the same applying entity. It must submit a tender price that is at least equal to the minimum bid price stated in its accepted application.

Other eligible companies may also participate and submit competing tender bids.

The successful applicant may:

• Tender at the accepted minimum bid price

• Submit a higher tender price

• Use its 3% application deposit as part of the tender deposit

• Participate jointly where the original application was submitted by the same joint applicants

The total tender deposit must be at least 5% of the tendered sale price, subject to the applicable Conditions of Tender.

JTC evaluates the tenders after the tender closes.

Triggering a Reserve List site does not give the applicant priority or guarantee that it will be awarded the land. The award remains subject to JTC’s evaluation and discretion.

Being the only bidder also does not automatically guarantee an award.

Tenderers are generally notified of the result within ten weeks from the tender closing date.

Circumstances that may result in deposit forfeiture include:

• A successful Reserve List applicant fails to participate in the tender

• The applicant submits a tender below its accepted minimum bid price

• A tenderer withdraws its bid after the tender has closed

• A successful tenderer withdraws after the site has been awarded

• The tenderer fails to comply with material Conditions of Tender

The applicable Tenderer’s Packet and Conditions of Tender should always be reviewed because the circumstances for forfeiture are not limited to the examples above.

Yes. Two or more companies may jointly submit a Reserve List application.

However, the same companies named in the successful application must participate in the subsequent tender. Applicants generally cannot activate a site under one company and tender later using an unrelated company or different entity.

Where a joint tender is successful, the applicants may be required to form a single entity comprising the original participating companies by the stipulated stage of the transaction.

No.

The minimum bid price is the amount that activates the site for tender and establishes the minimum tender price that the successful applicant must meet.

It is not a guaranteed purchase price or an assurance that the applicant will win. Other companies may submit higher competing bids, and JTC retains discretion over whether the site should be awarded.

A company should therefore determine its bid based on:

• Historical IGLS tender results

• Comparable industrial land values

• Site location and infrastructure

• Remaining development costs

• Construction and financing costs

• Permitted industrial activities

• Required plant and machinery investment

• Expected operating capacity

• Long-term business viability

Before submitting an application, the company should complete a detailed industrial land feasibility assessment.

The assessment should consider:

Operational Suitability

• Determine whether the site can support the company’s proposed manufacturing, engineering, logistics, research, production or industrial activities.

Authorised and Prohibited Uses

• Review the site-specific authorised use and list of prohibited activities. A suitable land price does not overcome a conflict between the proposed operation and the permitted use.

Development Feasibility

• Assess the gross plot ratio, building height, setbacks, road access, utility requirements, floor loading, drainage, power supply and development timeline.

Financial Feasibility

• Estimate the total investment required, including:

Tendered land price

Stamp duties and professional fees

Design and authority-submission costs

Building and construction expenditure

Plant and machinery

Financing costs

Infrastructure and utility connections

Contingency provisions

Working capital

Tender Competition

• The applicant should be financially and commercially prepared for other companies to bid after the site is activated.

• The minimum bid should not be set at an amount that makes the project unviable merely to cause the site to be launched.

Alliance Facilities Management Pte Ltd provides JTC IGLS tender advisory in Singapore, including:

• Reserve List site suitability assessment

• Review of permitted and prohibited industrial uses

• Historical IGLS bid and price analysis

• Comparable industrial land assessment

• Minimum bid strategy

• Development and construction feasibility review

• Financial modelling and sensitivity analysis

• Tender-document review

• Plant and machinery planning

• Operational and manpower projections

• Coordination of supporting consultants

• Tender submission planning

Our role is to help companies determine whether an industrial site is operationally suitable, financially sustainable and aligned with the applicable JTC tender requirements before making a binding commitment.

Is the 3% deposit required when the initial application is submitted?

No. The application deposit is payable only after JTC accepts the Reserve List application. The successful applicant must then sign the tender-participation agreement and pay 3% of the accepted minimum bid price within the stipulated period.

Is the 3% application deposit capped at S$100,000?

JTC’s currently published Reserve List procedure states that the deposit is 3% of the minimum bid price. Applicants should follow the amount and payment requirements stated in the latest Tenderer’s Packet and acceptance notice.

How long does JTC take to assess a Reserve List application?

Applicants are generally informed of the result within approximately three weeks. Processing may take longer where assessment or approval from other agencies is required.

How soon will an accepted Reserve List site be launched?

After JTC receives the signed agreement and 3% application deposit, JTC will announce the accepted minimum bid price and state that the site launch will take place within six weeks.

How long is the tender period?

A Reserve List site launched following a successful application is generally open for tender for six weeks.

Must the company that activated the site participate in the tender?

Yes. The successful applicant must participate in the tender and must tender using the same entity or original joint applicants stated in the accepted application.

Can the applicant tender below its original minimum bid price?

No. Its tender price must be at least equal to the accepted minimum bid price. Bidding below that amount may result in the bid being rejected and the deposit being forfeited.

How much is the tender deposit?

The tender deposit must generally be at least 5% of the tendered sale price. The successful Reserve List applicant’s earlier 3% application deposit may form part of this amount.

Is the applicant guaranteed to win after activating the site?

No. The site is offered through an open competitive tender. Other eligible companies may bid, and the award remains at JTC’s discretion.

Will JTC reveal who activated the Reserve List site?

No. JTC publishes the accepted minimum bid price but does not publicly reveal the successful applicant’s identity.

Can companies submit a joint application?

Yes. Two or more companies may jointly apply. The same original companies must participate in the tender if the application is accepted.

Companies considering a JTC IGLS Reserve List application should complete their operational, financial and tender analysis before proposing a minimum bid price.

Alliance Facilities Management Pte Ltd assists companies with industrial-site assessment, historical tender analysis, development feasibility and IGLS tender planning.

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This page provides general information and does not replace JTC’s prevailing application instructions, Tenderer’s Packet, Conditions of Tender, Technical Conditions of Tender or written correspondence.

Requirements, fees, deadlines and site conditions may be amended. Applicants should verify the latest requirements for the specific site before submitting an application or tender.

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