Starting November 2011, industrialists may apply for leased land by participating in a new price-quality land tender scheme.
The tender is launched on a quarterly basis. Site details are made available to the public via the JTC website, as well as advertisements in the Classifieds section of The Straits Times and Lianhe Zaobao.
Applicants will be assessed based on the strength of their business plan and their bid rent, which will form their starting rent. Businesses can also benefit from the certainty given by the fixed rental escalation. In addition, applicants must also meet a minimum plot ratio requirement.
JTC will notify applicants of the outcome of their application 30 working days from the closure of the tender. Please click here for tender procedures.
Application opens: 25 November 2011Closes: 16 December 2011
Bookmark this page
Share this Page