Tenancy (high-rise/landed)
Transferring your tenancy
Transfer of tenancy is only permitted in instances of corporate restructuring.
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
- Transferring your business to existing shareholders who hold more than 50% of your company’s shares
- Changing the owner of your Sole Proprietorship*
- Adding a partner(s) to your Sole Proprietorship*^
- Adding or removing a partner(s) from your Partnership*^
- Converting your Sole Proprietorship to a Partnership, 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 hold more than 50% of the business’ shares.
When you transfer your tenancy, you will hand over the remaining period of your tenancy to a new tenant.
The new tenant will pay the same rent and must continue the same usage of the space (i.e. no change of use for the remaining tenancy term).
Applying for transfer of tenancy
Fill out this application form for a transfer of tenancy.
Do note that you must submit the new tenant’s most updated business profile from Accounting and Corporate Regulatory Authority (ACRA) as part of the application.
You will be notified via email if additional documents are required.
We will inform you of the outcome of your application within 14 working days of your submission.
Lease (landed)
Transferring your lease
When you transfer your lease, you will hand over the remaining period of your lease to a prospective buyer.
Transfer of lease is only permitted in instances of:
- An outright sale of your premises to a prospective buyer
- Sale and Leaseback (S&LB) Scheme, where your lease is transferred to a third-party facility provider. Find out more here.
- Corporate restructuring. For example:
- 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
- Transferring your business to existing shareholders who hold more than 50% of your company’s shares
Things to note before applying for transfer of lease:
Assignment Prohibition Period
Assignment Prohibition Period (APP) is the minimum period you are required to hold the lease. You are not permitted to transfer your lease during this period. You are also not allowed to transfer your lease if you have less than 5 years remaining in your lease period. 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:
- 800 sqm of available contiguous rooftop area; and
- 15 years of remaining lease term or more
Applying for transfer of lease
To ensure that the transferee puts the scarce land to productive use, application for the transfer of lease is subject to JTC’s assessment of the transferee’s business plan, which will be evaluated on the value-add to the Singapore economy and the creation of good jobs. Log in to the customer service portal to apply for transfer of lease.
To encourage the use of digital services, the application processing fee of $599.50 or $1,199 (inclusive GST) is temporarily waived for applications submitted through our online portals.
Note that you must submit the following on behalf of the transferee:
- The transferee’s business plan, which should include details on Fixed Assets Investments (FAI) such as plant & machinery, creation of good quality jobs and value-add to the economy
- Advisory for Industrial Allocation from the National Environment Agency (NEA) Development Control and Licensing Department (DCLD), for the transferee’s usage
- Land Use Proposal Form from Land Transport Authority (LTA), if the transferee’s usage includes warehousing
- Approval for storage of petroleum and flammable material from Singapore Civil Defence Force (SCDF), if the transferee’s usage involves such material and exceeds allowed quantities
We will inform you of the outcome of your application through email within 14 working days of your application submission.
After your application is approved
If you or the transferee conducts business activities that involve pollutive materials, an Environmental Baseline Study may need to be conducted. Find out more here.
After you receive our approval, do note you must rectify any breaches before the transfer of lease can be legally completed.
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.
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.
Notify us of transfer completion date
When the transfer of lease is legally completed, your solicitor must immediately notify us of the transfer completion date through email.
The transferee will start paying rental from the first day of the month after the transfer of lease is legally completed.