Potential customers who are interested in applying for a new JTC facility or existing customers who are keen to take up another JTC facility may wish to note that investment is one of the criteria used to determine the success of an application and the length of tenure of a successful applicant. 

The types of investments used in assessing an applicant include the following:

• Plant and Machinery (P&M)

P&M refers to fixed assets as defined in a company’s audited statement of accounts and used in the production of goods and services in connection with the company’s business. Companies applying for JTC's land or space will have to declare their overall investment figures and provide justification for the declared figure.

• Intellectual Capital (also known as Knowledge Driven Industries, KDI measures)

This refers to a company's investments in developing its knowledge, skills and capabilities. This is assessed through a combination of qualitative and quantitative indicators. 

Qualitative indicators

a) Innovative Products / Services / Processes

Companies are assessed on whether their products / services / processes are innovative enough to give them a competitive edge over their competitors.

b) Centre of Competence 

Companies are also evaluated on the markets they serve, the value chain they are responsible for and the geographical spread of their business.

c) Strategic Tie-Ups

Companies will be gauged on their strategic tie-ups with research institutes, tertiary institutions or market leaders in product design and development as well as technology creation / adaption to acquire technological know-how. 

Quantitative indicators

a) Research and Development (R&D) expenditure

b) Percentage of workers holding diploma qualifications and above

•  Building and Civil (B&C) Works

A company is also required to meet the minimum B&C works guidelines. This comprises a set of qualitative design guidelines and standards. Companies applying for JTC's land and facilities will have to provide a set of cost figures indicating the expected building standard. There are also aesthetic control guidelines for B&C works on normal and prime sites. A prime site is one that fronts an expressway and has prominent visibility from the road.  

Note: Please note that the investment criterion may not be fully applicable for all new applications for JTC's land and facilities. It may vary, depending on the type of facility that the prospective customer is interested in. For example, applicants for JTC's flatted factories are not assessed based on their P&M investment. The prospective customer would have to declare the level of P&M investments when applying for new allocation of land and ready-built factories. The level of P&M investment will be taken at the end of the investment and building period of 3 years while intellectual capital investment will be taken at the end of 2 years after the investment period. If companies are unable to meet their declared investment figures, their lease term will be pro-rated on a linear basis.

For more details, please contact our officers at 1800-5687000 or  for assistance.