JTC Third Party Build and Lease Scheme

What is JTC Third Party Build and Lease (B&L) Scheme?

This particular program enables an industrialist to designate a third-party facility provider to create a facility tailored to their requirements and specifications.

After it is finished, the industrialist will rent the building from the facility’s third-party owner. Both parties will decide and agree upon the lease’s terms and conditions.

The industrialist will be the facility’s anchor tenant and is required to occupy at least 70% of the building’s total gross floor area (GFA). Additionally, the anchor tenant must adhere to a minimal Termination Prohibition Period (TPP).

Who are third-party facility providers?

An entity is a third-party facility provider if they:
• Build a facility and lease it to an industrialist; or
• Acquires a facility from an industrialist and rents it back to them

Providers of third-party facilities include:
• Real Estate Investment Trusts (REITs), investment funds or trusts
Possesses a issued Trust Business Licence or a Capital Markets Services Licence by the Monetary Authority of Singapore (MAS).

• Developers
Possesses a proven track record of success in the development of properties. This track record ought to include the developer’s business’s most recent five years.

• Industry Association
Supported by the Economic Development Board (EDB) or Enterprise Singapore (ESG).

How Does JTC Third Party Build and Lease Scheme Work?

To apply for the JTC Third Party Build and Lease Scheme, it involves steps such as:

Project Proposal

Prepare a detailed proposal with information on the development scope, design, timeline, and financial projections.

Eligibility Check

Ensure your project meets JTC’s criteria for land use, sector alignment, and feasibility.

Application Submission

Submit your comprehensive project proposal and required documents to JTC.

Evaluation and Assessment

JTC will review your application for feasibility and alignment with their plans.

Lease Negotiation

If approved, engage in discussions on lease terms, rental rates, and conditions.

Project Execution

Proceed with permits, contractors, and construction once the lease agreement is finalized.

Reasons to Hire Us for your Application Process

Seamless Project Execution

Seamless Project Execution

Our dedicated team oversees the entire project execution, ensuring seamless coordination among all stakeholders involved. We strive to deliver projects on time, within budget, and in compliance with JTC’s requirements, providing you with peace of mind throughout the process.

Tailored Solutions

Tailored Solutions

We understand that each project is unique, and we take a customized approach to meet the specific needs of our clients. Our team works closely with you to develop tailored solutions that align with your business objectives and ensure optimal outcomes.

Experienced

Experienced

We have extensive experience and expertise in navigating the complexities of the JTC Third Party Build and Lease Scheme. Our team is well-versed in the requirements and procedures involved, ensuring a smooth and successful process for our clients.

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