Fees and Charges
Here are the fees and charges payable for renewal of JTC leases:
A non-refundable administrative fee of $1070 (GST inclusive) will be charged at the point of submission of online applications. For applications submitted in hard copy, a non-refundable administrative fee of $1177 (GST inclusive) is payable via cash or cheque.
Where there is a change/ extension of existing approved usage, an additional non-refundable administrative fee of $235.40 (GST inclusive) will be charged at the point of submission of online applications. For applications submitted in hard copy, a non-refundable administrative fee of $535 (GST inclusive) is payable via cash or cheque.
Other fees and charges include JTC survey fee, URA processing fee, Survey Department's fee, cost of preparing legal documents, and Goods and Services Tax (GST).
Please note that we only accept cheque for payment via mail.
Terms and Conditions
Your land rent will be revised to market rent prevailing at the start of the new lease term. To assist you in adjusting to the land rent, you will be given rental concessions in the initial years of the new lease term.
- Building and Investment Period
Following JTC's approval of your lease renewal application, you will be granted three years from the date of our offer to carry out your proposed building extensions and to make the necessary Fixed Asset Investments.
Within six months following the expiry of the building and investment period, you are required to submit an audited statement of all your Fixed Asset Investments over the three-year period.
The audited statement will be used in confirming your lease entitlement. If there is a shortfall between your declared investments and your actual investments, the lease term offered to you will be prorated.
The period of lease renewal offered is based on your proposed gross plot ratio and business plan. Therefore, you will be tied to your declared gross plot ratio and Fixed Asset Investments. If there is a shortfall in the investments and/or gross plot ratio, the lease term shall be prorated.
- Assignment Prohibition Period (revised w.e.f. 15 November 2013)
Industrial lessees are required to fulfil the declared investments and plot ratio (if any) as stated in the Offer Letter, as well as to occupy the leased premises for a minimum period (“Assignment Prohibition Period”) before they are eligible to sell the property in the open market.
The assignment prohibition period is 5 years from fulfilment of investment criteria or 3 years from commencement of renewed term, whichever is later. There should also be remaining tenure of at least 5 years before the lessee is eligible to sell the property in the open market.