Landed Factory FAQ

Q2a: What is the Reserve List mechanism?

A2a: By default, available landed factories will be placed on the Reserve List and listed on JTC’s Corporate Website. Companies must first submit a tender request application to JTC for the factory of interest, and the factory will be made available for tender only if the tender request application is successful.

The successful applicant who triggers the Price Tender for the factory of interest is required to submit a tender in accordance with the Conditions of Tender (COT) before the Tender Closing Date and Time, failing which, the Application Deposit will be forfeited.

Q2b: How do I submit a tender request application for a Reserve List unit?

A2b: You may refer to “How to Apply for Landed Factory Units” - Section: "Submitting a Tender Request Application to make Reserve List Factory available for Tender” for more information on the application process.

Q2c: After I have successfully applied for a Reserve List unit to be made available for tender, can I participate in the tender with a different entity/UEN/identity/name from the one which I used to submit the tender request application?

A2c: No, you may not. You are to participate with the same entity that was used when applying for a Reserve List unit.

Q2d: Does JTC charge an application fee when applying for a Reserve List unit?

A2d: No, there is no application fee when applying for a Reserve List unit to be made available for Tender.

Q2e: Will JTC reveal the name of the successful applicant?

A2e: No, the identity of the successful applicant will not be revealed. 

Q3a: How do I identify landed factories that are available for tender?

A3a: Factory units are made available for tender only after a tender request application for a Reserve List unit is successful. Following that, the unit will no longer have the “Reserve List” indicator.

You can identify land factories that are available for tender by looking out for units which do not have the “Reserve List” indicator.

_{* Note: Units without the “Reserve List” indicator may also apply to those for which the tender has already closed and will be removed from the website subsequently.}

Q3b: How do I participate in an ongoing tender?

A3b: You may refer to "How to Apply for Landed Factory Units" for more information on the tender process.  

Q3c: Do I need to purchase a Tenderer’s Packet for the factory I am interested in before I can participate in the price tender for that factory?

A3c: While it is not mandatory for you to purchase a Tenderer’s Packet before you can participate in the price tender, you are strongly encouraged to do so, as the Tenderer’s Packet contains important information on the specifications of the factory unit and tender conditions.

The Tenderer’s Packet will expire on either the last working day of June or December of each year, or the tender closing day of the factory launch, whichever is earlier. When you purchase the Tenderer’s Packet, the end date of the packet’s validity will be made known to you. Should the validity of the Tenderer’s Packet expires and if you are still keen in the factory unit, you should purchase a fresh copy of the Tenderer’s Packet if you are still keen to make a tender request application or participate in the price tender.

Please note that the sale of the Tenderer’s Packet will cease 24 hours before the tender closing deadline, or on the last working day before the tender closing day, whichever is earlier. This is to ensure that sufficient time for purchasers to study the Tenderer’s Packet in detail before submitting the tender bid.

Q3d: How long is the tender period?

A3d: The tender period is 3 weeks, during which interested companies are welcome to participate in the tender.

Q3e: Is there a minimum bid price?

A3e: No, there is no minimum bid price for landed factories on price tender.

Q3f: If I am the only bidder for a landed factory, does it mean that I will be awarded the factory by default?

A3f: No. Units are awarded at JTC’s sole discretion, hence tenderers should bid reasonably to increase their probability of success. In general, the unit may be awarded to the highest bidder whose bid price is above the Reserve Price.  

Q3g: How do I determine what is a reasonable bid price?  

A3g: Interested tenderers are encouraged to do your own market research to determine the prevailing market rate. This can include looking at the market prices of nearby units or engaging a private property valuer if necessary.

You may also refer to the "Historical information for Landed Factory on Price Tender - Lease & Tenancy" for reference. However, please note that from 1 January 2023, tender bid for Landed Factory on Price Tender shall include Land and Building Premium (for lease) and Land and Building Rent per month (for tenancy). Prior to this, the tender bid only includes Building Premium and Building Rent per month for lease and tenancy respectively.

Q3h: Why does JTC not make the Reserve Price known?

A3h: 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.  

Q3i: When will I know the outcome of the tender?

A3i: The tender outcome will be announced within 8 weeks from the Tender Closing Date.

Q3j: Will my tender deposit be refunded if I am unsuccessful in my bid?

A3j: Yes, you will receive a refund for your tender deposit within 7 working days from the announcement of the award.

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 your deposit. Please note that the list below is not exhaustive, and you are advised to refer to the Conditions of Tender included in the Tenderer’s Packet for more information.

• If you successfully applied for a Reserve List unit but failed to participate in the tender exercise, or did not submit your tender in accordance with the Conditions of Tender. 
• 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.
• Do note that the submission of your tender into the wrong tender box will also render your tender submission as invalid. 

Q4b: Can I change the Authorised Use of the landed factory allocated to me 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 Premises?

A4c: The principle of caveat emptor applies. Landed factories are open to inspection and may be viewed by tenderers on application. The Premises 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 existing term?

A4d: Renewal will not be granted upon expiry of the existing term, as the intent will be to re-launch the factory for tender again to determine if there is any market interest at that point in time.

Q4e: Do I need to fill up the GIRO form at the point of tender submission?

A4e: No, the GIRO form is not required at the point of tender submission.

Only the successful tenderer is required to fill up the GIRO form and it is only applicable to factories that are on tenancies.

Q5a: How do I apply for a First-Come-First-Served factory unit?

A5a: You may refer to "How to Apply for Landed Factory Units" for more information on the application process.

Q5b: How much would I have to pay for a First-Come-First-Served factory unit?

A5b: You may refer to the Factsheet for the monthly rental payable.

Q6a: Why is JTC adopting Price Tender as the default allocation mechanism and doing away with Market Launch?

A6a: Adopting Price Tender as the default allocation mechanism will ensure that JTC’s land-based facilities is allocated in an open and transparent manner as companies will be competing based on the tender price. In addition, this can bring about cost savings and timely access to the land-based facilities since companies no longer need to commit resources to prepare and submit business plans and projections for assessment.

Q6b: When was this new allocation framework implemented?

A6b: The revised allocation framework for the JTC land-based facilities was implemented from 1 January 2023.

Q6c: Is there any change in the way companies are bidding under this new Price Tender regime?

A6c: Previously, the tender bid from companies only includes the Building Premium (for lease) and Building Rent per month (for tenancy), while the land rent is fixed.

Moving forward, companies will submit a single consolidated bid which shall include the Land and Building Premium (for lease) and Land and Building Rent per month (for tenancy). In relation to this, companies who are securing land-based factories on leases will have to pay upfront land premium (i.e. the land rental option will no longer be available).

Q6d: What are the options available to me if I am unable to secure a factory under the Price Tender regime?

A6d: Companies can still opt for land-based factories available on a First-Come-First-Served basis or participate in JTC’s Temporary Occupation License (TOL) tender to secure vacant facility or land for short term usage.

Companies that require a land for long-term usage can participate in our Industrial Government Land Sales (IGLS) tender to secure vacant land for longer term use.

Q6e: Why are some land-based factories on 20 years leases and some on 3+3 years tenancies? What is the rationale?

A6e: The available tenure is based on the overarching development plans of each site, as well as the overall demand and supply for sites with different tenures. Where possible, JTC will try to maximise the tenure to anchor longer term usages.