Below are examples of corporate restructuring:

• Converting your business from one type of legal entity to another. Legal entities include Sole Proprietorships, Partnerships, Private Limited Companies and Limited Liability Partnerships.
• Transferring your business to a wholly-owned subsidiary, sister company, parent company or related company within the same group.
• Transferring your business to a joint venture company where you own more than 50% shareholdings.
• Changing the owner of your Sole Proprietorship*;
• Adding a partner(s) to your Sole Proprietorship*^
• Converting your Sole Proprietorship to a Partnership, or vice versa*^
• Converting your business from a Sole Proprietor / Partnership to a Limited Liability Partnership / Private Limited Company, or vice versa*^

*Please provide a marriage certificate(s) or a birth certificate(s) if the transfer involves a family member(s).

^Where the original set of shareholders / partners continue to hold more than 50% of the business' shares / partnership interests.

As the current tenant (transferor), you must complete this FormSG for a transfer of tenancy for corporate restructuring, including the transferee's details. 

Please submit your application well in advance of your tenancy expiry, as applications submitted too close to the expiry date may not be processed in time.
Tip: To ensure your application is processed on time, we strongly encourage you to submit it at least 3 months before your tenancy expires. 

We will inform you of the outcome of your application through email.
Currently, the processing time for transfer of tenancy applications may take up to two months from full application. We are actively reviewing our processes to streamline operations and improve efficiency to serve industrialists better.

We will inform you of the outcome of your application through email.

With effect from 1 May 2026, there will be a faster process for companies seeking to acquire smaller sites with shorter remaining leases. Qualifying transfer / assignment applications for these sites will be processed within 1 month from full application.

For more information, please read our Streamlined Industrial Transfer of Lease/Assignment Process.

Please note that the processing time for all other transfer / assignment applications may take up to two months from full application, while we review our processes to streamline operations and improve efficiency to serve businesses better.

Assignment Prohibition Period

Assignment Prohibition Period (APP) is the minimum period you are required to hold the lease. No transfer / assignment of lease will be permitted during this period. Transfers / Assignment are also strictly prohibited where fewer than 5 years remain on the lease term. Please check your lease agreement for the APP that applies to your premises.

Right of First Refusal

If there is a Right of First Refusal (ROFR) in your lease agreement, we reserve the first right to buy over the remaining period of your lease.

Solar Deployment 

JTC lessees are required to inform the incoming lessee of the solar deployment that the outgoing JTC lessee had undertaken. If there is no existing solar deployment, the incoming lessee will be required to undertake Mandatory Solar Deployment provided the site has:

• 600 sqm of available contiguous rooftop area; and
• 10 years of remaining lease term or more

After you receive our approval, you must rectify any breaches before the transfer of lease can be legally completed.

When the transfer of lease is legally completed, your solicitor must immediately notify us of the transfer completion date through email.

If you are on a land rental payment scheme, the transferee’s rent will be revised to the prevailing posted rate after the transfer of lease, unless you are transferring your lease due to corporate restructuring. The transferee will start paying rental from the first day of the month after the transfer of lease is legally completed.

If you are on a land premium payment scheme, an assignment levy may apply. If applicable, the levy amount will be indicated when you receive the outcome of your application.

If you or the transferee conducts business activities that involve pollutive materials, an Environmental Site Assessment may need to be conducted. Find out more about Environmental Site Assessment.

If you are creating or transferring either a mortgage or charge on your lease, your solicitors must submit a FormSG to JTC on your behalf. Please refer to Notice of Mortgage or Charge for more information.