Government Land Sales Programme FAQ
Q1a: I’m interested to participate in an IGLS tender of a particular site. What should I do?
A1a: You may refer to "How to apply for IGLS sites” for more information on the IGLS tender process and how to participate.
Q1b: What is the difference between Confirmed and Reserve List?
A1b: Sites on the Confirmed List will be made available for tender on a pre-determined date. Once the site is made available for tender, interested companies may submit a bid anytime within the 8-week tender period.
For sites on the Reserve List, interested companies must first submit an application to JTC to release the site for tender, and the site will be made available for tender only if the application is successful. Following the successful application, the successful applicant is required to submit a tender in accordance with the Conditions of Tender (COT) before the Tender Closing Date and Time, failing which, the Tender Deposit will be forfeited.
Q1c: What can the IGLS land be used for?
A1c: The land from the IGLS programme may be utilised for developments that cater to the specific needs of industrialists. Nevertheless, do note that some land plots are not suitable for certain land usages. Please visit each IGLS site listing to view the List of Prohibited Uses for more information. Do note that the information on prohibited uses will be available only when the site is launched for tender or available for application.
2. IGLS application for a reserve list site
Q2a: How do I apply for a Reserve List site?
A2a: You may refer to "How to apply for IGLS sites" for more information on the application process.
Q2b: Do I need to pay the application deposit when applying for a Reserve List site?
A2b: Application deposit is not required at the point of application submission. It will only be payable if the application is successful.
Q2c: As a successful applicant, can I participate in the IGLS tender with a different entity/UEN/identity/name from the one which I used to apply for a Reserve List site?
A2c: No, you may not. You are required to participate with the same entity that was used when applying for a Reserve List unit.
Q2d: Can more than 1 company jointly apply for a Reserve List site?
A2d: Yes, two or more companies may jointly submit a single application. However, the entities listed in the application must be the same entities that participate in the IGLS tender should the application be successful.
If the tender bid is successful, a single entity, made up of the same two original companies who have submitted the application, must be formed by the time of the final payment.
Q2e: Does JTC charge an application fee?
A2e: There is no application fee when applying for a Reserve List Site to be made available for Tender.
Q2f: Will JTC reveal the name of the successful applicant?
A2f: The identity of the successful applicant will not be revealed.
3. Participating in an IGLS tender
Q3a: How do I identify IGLS sites that are available for tender?
A3a: Under both the Confirmed and Reserve List, IGLS sites that are available for tender will have the “Available for Tender” indicator.
Q3b: How do I participate in an IGLS tender?
A3b: You may refer to "How to apply for IGLS sites" for more information on the tender process.
Q3c: Can more than 1 company jointly participate in an IGLS tender?
A3c: Yes, 2 or more companies may jointly submit a single tender bid. If the tender bid is successful, a single entity, made up of the original companies who have submitted the application, must be formed by the time of the final payment.
Q3d: Do I need to purchase a tenderer’s packet for the site I am interested in before I can participate in the IGLS tender for that site?
A3d: No, however, you are strongly encouraged to do so as the tenderer’s packet contains important information such as the Conditions of Tender, as well as the Form of Tender which you will need to submit as part of the tender process.
Please note that the tenderer’s packet is only valid for the immediate IGLS tender. Should the site be re-launched for another IGLS tender subsequently, it is advisable for you to make a new purchase as vital information within the tenderer’s packet may have been updated.
Q3e: How long is the tender period?
A3e: For sites on the Confirmed List, the tender period is 8 weeks, during which companies are welcome to participate in the tender.
For sites on the Reserve List which have been made available for tender after a successful application, the tender period is 6 weeks.
Q3f: Is there a minimum bid price?
A3f: For sites on the Confirmed List, there is no minimum bid price.
However, for sites on the Reserve List which have been made available for tender, there will be a minimum bid price.
Q3g: If I am the only bidder for an IGLS site, does it mean that I will be awarded the site by default?
A3g: No. Sites are awarded at JTC’s sole discretion, hence tenderers should bid reasonably to increase their probability of success. In general, the site may be awarded to the highest bidder whose bid price is above the Reserve Price.
Q3h: How do I determine what is a reasonable bid price?
A3h: Interested tenderers are encouraged to do your own market research to determine the prevailing market rate. This could include looking at the market prices of nearby sites or engaging a private property valuer if necessary.
You may also refer to the "IGLS Historical Data" for the past successful bids for reference.
Q3i: Why does JTC not make the Reserve Price known?
A3i: As the valuation constantly changes with market and economic conditions, it is not practical to publish a reserve price which may require frequent updating throughout the tender period. Interested tenderers are encouraged to do your own market research to determine the prevailing market rate. As a guide, tenderers can take reference from the historical information on the successful tendered prices on JTC’s website to help in determining the market land price to bid
Q3j: When will I know the outcome of the tender?
A3j: Yes, you will receive a refund for your tender deposit within 7 working days from the announcement of the award.
4. Additional information
Q4a: What are some common circumstances that will result in JTC forfeiting my deposit?
A4a: The following are some of the common circumstances that will result in the forfeiture of deposit. Please note that the list below is not exhaustive, and you are advised to refer to the Conditions of Tender in the Tenderer’s Packet for more information.
- If you successfully applied for a Reserve List site but failed to participate in the tender exercise.
- If you successfully applied for a Reserve List site but bid less than the amount indicated in your tender application form.
- If you withdraw your bid after the tender exercise has closed.
- If you are successfully awarded the site but choose to withdraw your tender thereafter.
Q4b: Can I change the Authorised Use of the awarded site at any point within the tenure?
A4b: No, you may not. Any change in authorised use will require prior written approval from JTC.
Q4c: What should I do if I find encumbrances within the site boundary?
A4c: The principle of caveat emptor applies. The site is available for viewing on application. The site is to be taken on an “as is where is” basis, including any defects (latent, inherent or otherwise) and each tenderer shall be deemed to have full notice and knowledge when submitting a tender bid, and shall not raise any objection or requisition whatsoever in respect thereof.
Q4d: Will renewal be granted upon expiry of the lease?
A4d: Renewal will not be granted upon expiry, as the intent will be to re-launch the site for tender again to determine if there is any market interest at that point in time.