jtc lease assignment

Navigating JTC Assignment of Lease – A Comprehensive Guide

• Post author By Samuel Craig
• Post date December 29, 2023

The vast majority of industrial properties in Singapore occupy land leased from government agency JTC Corporation (JTC). A common transaction within these estates involves assignment of lease, referring to the transfer of remainder lease rights to another party. For light industrial building owners and tenants seeking such transfers, understanding the JTC lease assignment process is imperative before executing transactions. In this article, we explore key details regarding procedures, eligibility, timelines and available assistance.

Understanding JTC Assignment of Lease

Assignment of Lease refers to the process wherein an industrial property occupant transfers the right to utilize the remaining years of their lease to a third party. This transfer is typically accompanied by a mutually agreed-upon price, and the new assignee assumes all lease obligations until the expiration of the lease term. Notably, all assignments within JTC estates must receive explicit approval from JTC.

Why Assignment of Lease Matters for Industrial Occupants

Monetization of lease asset value:.

Assignment allows industrial occupants to unlock the value of their lease asset, converting it into capital. This can be a strategic financial move, especially when businesses seek additional liquidity.

Business Restructuring through Entity Change:

Companies undergoing restructuring or a change in corporate structure can utilize lease assignment to align their real estate assets with the evolving needs of the business.

Relocation to Upgraded Premises:

For businesses looking to upgrade or relocate to more suitable premises, assignment provides a viable avenue. It enables a seamless transition to a new location without the complexities of initiating fresh land bids.

Closure through Tenant Replacement:

In cases where a business decides to cease operations at a specific location, assignment allows for the replacement of the tenant. This facilitates a smoother exit strategy while maintaining the utilization of the premises.

How JTC Assignment of Lease Works

The process of JTC Assignment of Lease involves coordinated efforts between the assignor, assignee, and JTC. Here’s a step-by-step overview:

Joint Application Submission:

Both the assignor and assignee must submit a joint application to JTC. This application should be accompanied by supporting documents, including a justification for the assignment, profiles of both parties, the required application fee, and a draft legal assignment agreement.

Evaluation by JTC:

JTC evaluates the application based on guidelines that may include considerations such as the relevance of the trade sector, the track record of the companies involved, legal compliance, and other relevant factors.

Approval and Binding Agreements:

Once approved, the assignor and assignee proceed to sign binding agreements. This includes the completion of lease payments and the official change of premises registration.

Completion of Process:

The entire process typically concludes within 1-3 months, provided that the application is thoroughly prepared and all requirements are met.

Key Things to Note about JTC Assignment of Lease

Several key considerations should be kept in mind during JTC Assignment of Lease transactions:

JTC Clearance for Assignors:

Assignors must obtain JTC clearance before initiating any assignment process.

Due Diligence for Assignees:

Assignees are advised to perform due diligence on the condition of the property they are acquiring to avoid any unforeseen issues.

Separate Buyout or Relocation for Existing Tenants:

Existing tenants may require a separate buyout or relocation arrangement, which should be addressed in the assignment process.

Rent Adjustments by JTC:

JTC may stipulate rent adjustments based on current market rates, and this should be factored into the overall consideration.

Legal Fees for Assignment Agreements:

Legal fees apply for the preparation of assignment agreements, and parties involved should budget accordingly.

Seeking Professional Help

Given the complexity of the assignment approval process, seeking specialized assistance is crucial for efficiency and success. Industrial real estate agents and lawyers play a vital role in navigating considerations such as:

Ensuring Assignor Lease Clearance:

Clearing any existing obligations of the assignor is crucial for a smooth assignment process.

Negotiating Tenant Buyout:

Professionals assist in negotiating tenant buyout agreements, ensuring a fair and mutually beneficial arrangement.

Marketing Property Listings:

Property listings are effectively marketed to suitable buyers, maximizing the chances of a successful assignment.

Structuring Optimal Terms:

Professionals aid in structuring terms of assignment that align with the best interests of both parties.

Liaising with JTC:

Experts handle and expedite communications with JTC, ensuring that queries are addressed promptly.

Facilitating Handover Logistics:

Post-approval, professionals assist in facilitating the smooth handover of the premises.

Aside from JTC Assignment of Lease

While Assignment of Lease  is a prominent transaction within JTC estates, there are other key lease-related transactions that businesses may consider:

Lease Buyouts for Land Ownership:

Businesses may explore lease buyouts as a strategy to obtain ownership of the land.

Subletting to Third Parties:

Subletting to a third party can be an option for businesses looking to optimize space utilization.

Lease Renewals for Extended Tenure:

Renewing leases provides businesses with the opportunity to extend their tenure in a particular location.

Within Singapore’s industrial property landscape, most premises sit on JTC land leases. Occupants seeking to maximize lease value via assignment to another party must thus obtain official approval. Navigating the documentation, tenant transitions and negotiations involved represents complex work. Appointing advisors like real estate agents  or lawyers saves time and optimizes outcomes when pursuing assignments or related lease transfers under JTC.

• Skip to primary navigation
• Skip to main content
• Skip to primary sidebar
• Skip to footer

Conventus Law

More results...

Singapore – Taking Security Over JTC Leases With An Option For Lease Extension – Issues And Solutions.

October 3, 2019 by Conventus Law

3 October, 2019

It is common for JTC Corporation (“JTC”) to grant leases for an initial lease term, with an option for a further lease term upon the satisfaction of certain conditions. This client update explains the issues that a financing bank may encounter when taking security over such leases and the possible solutions that may be adopted.

A mortgage is commonly taken by a bank over the initial JTC lease. The mortgage only secures the initial JTC lease. Two issues to consider upon the expiry of the initial JTC lease are:

(a)  Security over the further JTC lease

Upon the expiry of the initial JTC lease, the mortgage will correspondingly lapse as well, as it only secures the initial JTC lease. The mortgage will not automatically secure the further JTC lease upon its issuance. Further security documentation and steps are required for the bank to have security over the further JTC lease; and

(b)  The gap period between the expiry of the initial JTC lease and issuance of the further JTC lease

There may be a gap period between the expiry of the initial JTC lease and issuance of the further JTC lease. The bank is technically unsecured during this gap period. The bank will have to consider the usual issues such as:

(i) the ability and willingness of the borrower to create security when the further JTC lease is issued;

(ii) insolvency issues during the gap period; and

(iii) competing third party interest (eg conflicting security interest and negative pledge).

Suggested Solutions

Debenture – fixed and floating charge

The bank can obtain a debenture which creates a fixed and floating charge over all the present and future assets of the borrower, in addition to the mortgage of the JTC lease. The debenture will create security over the further JTC lease upon its issuance. It will also contain the usual negative pledge to prevent the creation of security over the future JTC lease in favour of other parties. The debenture is in addition to a specific security by way of a mortgage over the further JTC lease upon its issuance.

Undertaking to extend the lease and create security over the further JTC lease

The bank can require the borrower to undertake to meet all the conditions and take all the steps for JTC to issue the further JTC lease and thereafter create security over the further JTC lease. The undertaking can be included in the finance documents or in a separate deed of undertaking. If the undertaking includes an obligation to create security over the further JTC lease upon its issuance, it would need to be registered under section 131 of the Companies Act as it amounts to an agreement to create a charge which is registrable.1

Assignment of the future JTC lease with mortgage in escrow

The bank can also consider an assignment, together with a mortgage in escrow, of the further JTC lease prior to its issuance.2 Additional steps including the lodging of a caveat, registration under section 131 of the Companies Act, and complying with the usual JTC requirements for creating security over JTC leases (eg notice of mortgage) would also have to be considered. It would also be advisable to engage with JTC on a case by case basis, if this option is chosen.

The mortgage in escrow would be completed upon JTC’s grant of the further JTC lease and the registration of the mortgage with the Singapore Land Authority. Additional steps such as entering into a supplemental security document, completing a variation of charge, and issuing a fresh notice of mortgage would also have to be considered.

It is important for banks to understand the issues and solutions when taking security over a further JTC lease. Banks should also engage the borrower and JTC in a timely manner on the modus operandi relating to the lease extension and security. This is often dependent on the factual matrix of each case. 

1 See the definition of “Charge” in section 4 of the Companies Act (Cap 50, 2006 Rev Ed) (“Companies Act”); see also Diablo Fortune Inc v Duncan, Cameron Lindsay and another [2018] SGCA 26. 2 It is noted that the effectiveness of the assignment and the nature of the security that is created due to the assignment is not an issue that is completely settled.

Register for your monthly Asia legal updates from Conventus Law

Error: Contact form not found.

Cracking The Code: Legal Hurdles For Integrating AI In Singapore.

- jonathan kok - partner, withersworldwide.com.

Bank Of Thailand Holds Public Hearing On Virtual Banking Supervision Notice.

- athistha (nop) chitranukroh - partner and director, corporate and commercial, tilleke & gibbins.

India – AKP Banking & Finance Digest- March 26, 2024.

- anuroop omkar - ak & partners,.

CONVENTUS LAW

CONVENTUS DOCS CONVENTUS PEOPLE

3/f, Chinachem Tower 34-37 Connaught Road Central, Central, Hong Kong

[email protected]

Singapore: Taking Security Over JTC Leases With An Option For Lease Extension – Issues And Solutions

It is common for JTC Corporation ("JTC") to grant leases for an initial lease term, with an option for a further lease term upon the satisfaction of certain conditions. This client update explains the issues that a financing bank may encounter when taking security over such leases and the possible solutions that may be adopted.

A mortgage is commonly taken by a bank over the initial JTC lease.

The mortgage only secures the initial JTC lease. Two issues to consider upon the expiry of the initial JTC lease are:

(a) Security over the further JTC lease

Upon the expiry of the initial JTC lease, the mortgage will correspondingly lapse as well, as it only secures the initial JTC lease. The mortgage will not automatically secure the further JTC lease upon its issuance. Further security documentation and steps are required for the bank to have security over the further JTC lease; and

(b) The gap period between the expiry of the initial JTC lease and issuance of the further JTC lease

There may be a gap period between the expiry of the initial JTC lease and issuance of the further JTC lease. The bank is technically unsecured during this gap period. The bank will have to consider the usual issues such as: (i) the ability and willingness of the borrower to create security when the further JTC lease is issued; (ii) insolvency issues during the gap period; and (iii) competing third party interest (eg conflicting security interest and negative pledge).

Suggested Solutions

Debenture – fixed and floating charge.

The bank can obtain a debenture which creates a fixed and floating charge over all the present and future assets of the borrower, in addition to the mortgage of the JTC lease. The debenture will create security over the further JTC lease upon its issuance. It will also contain the usual negative pledge to prevent the creation of security over the future JTC lease in favour of other parties. The debenture is in addition to a specific security by way of a mortgage over the further JTC lease upon its issuance.

Undertaking to extend the lease and create security over the further JTC lease

The bank can require the borrower to undertake to meet all the conditions and take all the steps for JTC to issue the further JTC lease and thereafter create security over the further JTC lease. The undertaking can be included in the finance documents or in a separate deed of undertaking. If the undertaking includes an obligation to create security over the further JTC lease upon its issuance, it would need to be registered under section 131 of the Companies Act as it amounts to an agreement to create a charge which is registrable. 1

Assignment of the future JTC lease with mortgage in escrow

The bank can also consider an assignment, together with a mortgage in escrow, of the further JTC lease prior to its issuance. 2 Additional steps including the lodging of a caveat, registration under section 131 of the Companies Act, and complying with the usual JTC requirements for creating security over JTC leases (eg notice of mortgage) would also have to be considered. It would also be advisable to engage with JTC on a case by case basis, if this option is chosen.

The mortgage in escrow would be completed upon JTC's grant of the further JTC lease and the registration of the mortgage with the Singapore Land Authority. Additional steps such as entering into a supplemental security document, completing a variation of charge, and issuing a fresh notice of mortgage would also have to be considered.

It is important for banks to understand the issues and solutions when taking security over a further JTC lease. Banks should also engage the borrower and JTC in a timely manner on the modus operandi relating to the lease extension and security. This is often dependent on the factual matrix of each case.

1 See the definition of "Charge" in section 4 of the Companies Act (Cap 50, 2006 Rev Ed) ("Companies Act"); see also Diablo Fortune Inc v Duncan, Cameron Lindsay and another [2018] SGCA 26.

2 It is noted that the effectiveness of the assignment and the nature of the security that is created due to the assignment is not an issue that is completely settled.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

  © Mondaq® Ltd 1994 - 2024. All Rights Reserved .

Login to Mondaq.com

Password Passwords are Case Sensitive

Forgot your password?

Why Register with Mondaq

Free, unlimited access to more than half a million articles (one-article limit removed) from the diverse perspectives of 5,000 leading law, accountancy and advisory firms

Articles tailored to your interests and optional alerts about important changes

Receive priority invitations to relevant webinars and events

You’ll only need to do it once, and readership information is just for authors and is never sold to third parties.

Your Organisation

We need this to enable us to match you with other users from the same organisation. It is also part of the information that we share to our content providers ("Contributors") who contribute Content for free for your use.

What is the Minimum JTC Assignment Prohibition Period for Lessees?

Our Services

Our Clients

Research Reports

Backed by Strong Track Records for Reliability, Quality and Service Excellence

We have worked with both high-profile MNCs, as well as a variety of SMEs. Here's a list of clients we have worked with -

A: Industrial lessees are required to fulfil the investment and plot ratio requirements (if any) stipulated in the Building Agreement/ Schedule of Building Terms/ Agreement for Lease, as well as to occupy the leased premises for a minimum period (“Assignment Prohibition Period”) before they are eligible to sell the property in the open market. The minimum assignment prohibition periods are as follows:

New Lessees and Lessees with Approved Lease Renewals (lease tenures of up to 30 years)

 - During investment period and 5 years thereafter

Lessees with Renewed Tenure - During investment period and 5 years thereafter, or 3 years from commencement of renewed term, whichever is later

Buyers who have purchased JTC facilities from the secondary market

Leases with ≤ 30 Years Remaining - 5 years from date of legal completion of assignment

Leases with > 30 Years Remaining - 10 years from date of legal completion of assignment

All Lessees - Leases with < 5 years remaining

At Alliance Facilities Management Pte Ltd , we specialize in the JTC Assignment of Lease process, a crucial service for businesses looking to navigate the intricate landscape of JTC property lease assignment in Singapore. Our clients, mainly multinational corporations (MNCs) and small and medium-sized enterprises (SMEs) , trust us to guide them through this process as they seek to expand their operations in Singapore. This involves transferring the remaining period of lease to a prospective buyer.

We guide OUR CLIENTS through the application process for the transfer of lease, which includes the preparation and submission of the transferee’s business plan, advisory for industrial allocation from the National Environment Agency (NEA), Land Use Proposal Form from the Land Transport Authority (LTA), and the approval for storage of petroleum and flammable material from the Singapore Civil Defence Force (SCDF), if applicable. Lease transfer applications are subject to JTC’s assessment of the transferee’s business plan, including details on Fixed Assets Investments (FAI), job creation, and value-add to the economy.

Our payment structure is designed with OUR CLIENTS ' best interests in mind, as we only charge upon approval and do not require any upfront payments . This demonstrates our confidence in our ability to deliver results and ensures that our success is aligned with that of our clients.

The Information Listed Above Is To Be Used As A Reference Only.

The information listed above is to be used as a reference resource for your personal consumption only. It is not intended to be and does not constitute financial advice, investment advice or any other advice, All applications are subject to final approval by JTC at JTC's discretion (including any terms and conditions that JTC may in its discretion impose with such final approval). While every endeavour has been made to ensure that the information provided herein is correct, ALLIANCE FACILITIES MANAGEMENT PTE LTD disclaims liability for any damage or loss that may be caused as a result of any error or omission.

JTC Industrial Property – Market Research Reports

Statistics on Historical Data of JTC Industrial Land Sold from 2017 to 2024

Statistics on Historical Data of JTC Industrial Land Sold from 2014 to 2016

Statistics on JTC Prepared Industrial Land - Updated 4th Quarter 2023

Statistics on JTC Ready-Built Facilities (Land Based) - Updated 4th Quarter 2023

Statistics on JTC Industrial Property – Quarterly Market Report - 1st Quarter 2017 to 4th Quarter 2023

Statistics on JTC Land Rent for JTC's Standard Factory and Purpose-built Factory - Updated 1st January 2024

Historical Data of Industrial Properties Caveats Lodged from 2022 to 2024

Historical Data of Industrial Properties Caveats Lodged from 2020 to 2021

Historical Data of Industrial Properties Caveats Lodged from 2018 to 2019

Historical Data of Industrial Properties Caveats Lodged from 2016 to 2017

Historical Data of Industrial Properties Caveats Lodged from 2010 to 2015

Historical Data of Industrial Properties Caveats Lodged from 2000 to 2009

Our Key Services Include:

Our key services include:

JTC Assignment of Lease Application : We assist Clients in preparing successful proposals and business plans for obtaining approval for the JTC Lease Assignment or purchase of JTC property and industrial land.

JTC Standard Factories Launch : We provide guidance on preparing successful proposals and business plans for obtaining approval for successfully purchasing directly from JTC for Standard Factories Launch and Tender Application .

JTC New Industrial Land Application / Tender / Industrial Government Land Sales Programme (IGLS) : Our team specializes in preparing, analyzing, and tendering for JTC Industrial Land .

JTC Lease Renewal / Extension of Lease : We support clients in preparing successful proposals and business plans to obtain approval for applying for JTC Lease Renewal and Extension of the Lease .

JTC Third-Party Build and Lease Scheme : We help clients successfully apply for JTC Third-Party Build and Lease Scheme .

JTC Anchor Tenant Application : Our expertise enables clients to successfully apply for approval as JTC Anchor Tenant for industrial properties.

JTC Concept and Price Tender : We guide clients in successfully applying for JTC factory under the Concept and Price Tender (CPT) .

Construction of JTC Factory / Industrial Developments Services : We provide consultation on Facilities Optimization and Construction of JTC factory .

JTC Industrial Property – Market Research Reports : We offer up-to-date statistics on historical data of JTC industrial land sold, Prepared Industrial Land , Ready-Built Facilities (land-based) , Quarterly Market Reports , JTC Land Rent for JTC's standard factory and purpose-built factory, and historical data of JTC properties caveats lodged from 2000 to 2024 .

Singapore Economic Outlook 2024 : Quarterly Report on Singapore Economic Performance. Next Update 3rd week of May 2024.

Welcome to Alliance Facilities Management Pte Ltd's scheduling page.

Scheduling an Appointment for Video Web Conferencing Call / Phone Call with Us

Please follow the instructions to add an event to our calendar. If you briefly explain the reason for your enquiry, we can put you in touch with the right person immediately.

Let us know how we can help

Schedule Time With Us

All information received will always remain confidential. We will contact you as soon as we review your message. Web conferencing details will be provided upon confirmation. Please feel free to reach out for any queries in the meanwhile. 

We can be reached directly at WhatsApp: https://wa.me/6598000001 and at Mobile: +6598000001 (Danny MAK)

• Search for:

No products in the cart.

• Smart QC 4.0
• I Vision Metrology
• Work Holding System
• Tool Measurement (Online / Offline Machine)
• Tool Management System
• Robotic Automation
• CAROMAT Vertical Carousel System
• Deburring Cell
• ASRS – Automatic Storage and Retrieval system
• Radio Shuttle Racking System
• Robotic Polishing System
• Consultancy
• JTC Lease Renewal / Extension
• JTC Assignment of Lease / JTC Lease Transfer
• JTC Standard Factory Launch and Tender Application
• JTC Industrial Land / Industrial Government Land Sales (IGLS)
• JTC Third Party Build and Lease Scheme
• JTC Anchor Tenant Application in Singapore

Real Estate Consultancy Services

Experience a Smooth & Efficient JTC Property Process with our Consultancy Services

With a focus on real estate consultancy services, we specialize in helping businesses navigate the complex landscape of industrial properties in Singapore and also JTC lease renewal and lease assignment. We also provide cutting-edge solutions and leverage advanced technologies in areas such as robotic automation, process control, and space optimization.

Why Choose Us?

Uv sud scmc certified consultancy firm, experienced in jtc lease assignment, renewal & extension, and factory set up, comprehensive manufacturing technology and solutions, our best-selling products.

Solutions for the Real World

Our measurement tool is a state-of-the-art device designed to deliver accurate and reliable measurements for various industrial applications.

I Vision – Metrology

Our i-Vision Metrology system is a cutting-edge solution that combines advanced technology and precise measurements to deliver accurate and detailed data for industrial metrology applications.

With our Modula innovative design and advanced technology, Modula systems optimize space utilization, streamline inventory management, and enhance overall productivity.

Our SMART QC 4.0 system is a proprietary software solution that enables full automation of quality control processes.

Our Consultancy Services

Real Estate

We specialize in JTC lease renewal and lease assignment, lease extension, factory launch and tender application, industrial land and IGLS sales, third-party build and scheme, and anchor tenant application.

We concentrate on providing manufacturing solutions and strategies to help our clients overcome commercial problems.

Manufacturing

Our dedicated team of experts collaborates with manufacturers across various industries, leveraging digital technologies and strategic insights to drive innovation, streamline production processes, and unlock new growth opportunities.

Robotics & Automation

In order to create a completely functional and coherent automated ecosystem, we acquire and merge the numerous technologies, robots, and component subsystems, and where necessary, assure compatibility with legacy systems.

CAROMAT Series

GARANT Tool

i Vision Video Measuring System

Modula SLIM

Modula LIFT

Latest posts.

Importance of JTC Land Rent in Singapore Industrial Sector

As Singapore continues as a leading global hub for manufacturing, logistics and advanced industry, the [...]

Guide to the Various Caveat Types & How to Lodge a Caveat

Purchasing a property is a significant and exhilarating milestone, whether it’s your first home, an [...]

JTC Industrial Property: Lease Renewal & Assignment Guide

Singapore’s industrial landscape offers a myriad of opportunities for businesses to thrive. The Jurong Town [...]

Why Engage Factory Setup Consultants for JTC Lease Agreement

Singapore is a manufacturing powerhouse thanks to JTC Corporation’s world-class industrial estates. Securing a JTC [...]

Ultimate Guide to Robotic Process Automation (RPA)

Robotic Process Automation (RPA) is transforming how businesses operate, providing an efficient and cost-effective way [...]

Why Use Vertical Carousel Module Systems as Storage Carousels

Automated vertical carousels are becoming increasingly popular in the manufacturing industry. These high-density automated storage [...]

Reasons You Need a Deburring Machine for Metal Finishing

Laser and plasma cutting are a few of the most popular methods for creating clean, [...]

Benefits Of Using Radio Shuttle Pallet Rack System In Factories

As the global economy becomes increasingly competitive, companies are looking for ways to increase efficiency [...]

Find Your Perfect Space with Our JTC Solutions - Contact Us Now!

Username or email address  *

Password  *

Remember me Log in

Lost your password?

Username  *

Email address  *

Current time by city

For example, New York

Current time by country

For example, Japan

Time difference

For example, London

For example, Dubai

Coordinates

For example, Hong Kong

For example, Delhi

For example, Sydney

Geographic coordinates of Elektrostal, Moscow Oblast, Russia

City coordinates

Coordinates of Elektrostal in decimal degrees

Coordinates of elektrostal in degrees and decimal minutes, utm coordinates of elektrostal, geographic coordinate systems.

WGS 84 coordinate reference system is the latest revision of the World Geodetic System, which is used in mapping and navigation, including GPS satellite navigation system (the Global Positioning System).

Geographic coordinates (latitude and longitude) define a position on the Earth’s surface. Coordinates are angular units. The canonical form of latitude and longitude representation uses degrees (°), minutes (′), and seconds (″). GPS systems widely use coordinates in degrees and decimal minutes, or in decimal degrees.

Latitude varies from −90° to 90°. The latitude of the Equator is 0°; the latitude of the South Pole is −90°; the latitude of the North Pole is 90°. Positive latitude values correspond to the geographic locations north of the Equator (abbrev. N). Negative latitude values correspond to the geographic locations south of the Equator (abbrev. S).

Longitude is counted from the prime meridian ( IERS Reference Meridian for WGS 84) and varies from −180° to 180°. Positive longitude values correspond to the geographic locations east of the prime meridian (abbrev. E). Negative longitude values correspond to the geographic locations west of the prime meridian (abbrev. W).

UTM or Universal Transverse Mercator coordinate system divides the Earth’s surface into 60 longitudinal zones. The coordinates of a location within each zone are defined as a planar coordinate pair related to the intersection of the equator and the zone’s central meridian, and measured in meters.

Elevation above sea level is a measure of a geographic location’s height. We are using the global digital elevation model GTOPO30 .

Elektrostal , Moscow Oblast, Russia

For the first time Rosatom Fuel Division supplied fresh nuclear fuel to the world’s only floating nuclear cogeneration plant in the Arctic

The fuel was supplied to the northernmost town of Russia along the Northern Sea Route.

The first in the history of the power plant refueling, that is, the replacement of spent nuclear fuel with fresh one, is planned to begin before 2024. The manufacturer of nuclear fuel for all Russian nuclear icebreakers, as well as the Akademik Lomonosov FNPP, is Machinery Manufacturing Plant, Joint-Stock Company (MSZ JSC), a company of Rosatom Fuel Company TVEL that is based in Elektrostal, Moscow Region.

The FNPP includes two KLT-40S reactors of the icebreaking type. Unlike convenient ground-based large reactors (that require partial replacement of fuel rods once every 12-18 months), in the case of these reactors, the refueling takes place once every few years and includes unloading of the entire reactor core and loading of fresh fuel into the reactor.

The cores of KLT-40 reactors of the Akademik Lomonosov floating power unit have a number of advantages compared to the reference ones: a cassette core was used for the first time in the history of the unit, which made it possible to increase the fuel energy resource to 3-3.5 years between refuelings, and also reduce the fuel component of the electricity cost by one and a half times. The FNPP operating experience formed the basis for the designs of reactors for nuclear icebreakers of the newest series 22220. Three such icebreakers have been launched by now.

For the first time the power units of the Akademik Lomonosov floating nuclear power plant were connected to the grid in December 2019, and put into commercial operation in May 2020. The supply of nuclear fuel from Elektrostal to Pevek and its loading into the second reactor is planned for 2024. The total power of the Akademik Lomonosov FNPP, supplied to the coastal grid of Pevek without thermal energy consumption on shore, is about 76 MW, being about 44 MW in the maximum thermal power supply mode. The FNPP generated 194 million kWh according to the results of 2023. The population of Pevek is just a little more than 4 thousand, while the FNPP has a potential for supplying electricity to a city with a population of up to 100 thousand people. After the FNPP commissioning two goals were achieved. These include first of all the replacement of the retiring capacities of the Bilibino NPP, which has been operating since 1974, as well as the Chaunskaya TPP, which has already been operating for more than 70 years. Secondly, energy is supplied to the main mining companies in western Chukotka in the Chaun-Bilibino energy hub a large ore and metal cluster, including gold mining companies and projects related to the development of the Baimsk ore zone. In September 2023, a 110 kilovolt power transmission line with a length of 490 kilometers was put into operation, connecting the towns of Pevek and Bilibino. The line increased the reliability of energy supply from the FNPP to both Bilibino consumers and mining companies, the largest of which is the Baimsky GOK. The comprehensive development of the Russian Arctic is a national strategic priority. To increase the NSR traffic is of paramount importance for accomplishment of the tasks set in the field of cargo shipping. This logistics corridor is being developed due regular freight voyages, construction of new nuclear-powered icebreakers and modernization of the relevant infrastructure. Rosatom companies are actively involved in this work. Rosatom Fuel Company TVEL (Rosatom Fuel Division) includes companies fabricating nuclear fuel, converting and enriching uranium, manufacturing gas centrifuges, conducting researches and producing designs. As the only nuclear fuel supplier to Russian NPPs, TVEL supplies fuel for a total of 75 power reactors in 15 countries, for research reactors in nine countries, as well as for propulsion reactors of the Russian nuclear fleet. Every sixth power reactor in the world runs on TVEL fuel. Rosatom Fuel Division is the world’s largest producer of enriched uranium and the leader on the global stable isotope market. The Fuel Division is actively developing new businesses in chemistry, metallurgy, energy storage technologies, 3D printing, digital products, and decommissioning of nuclear facilities. TVEL also includes Rosatom integrators for additive technologies and electricity storage systems. Rosenergoatom, Joint-Stock Company is part of Rosatom Electric Power Division and one of the largest companies in the industry acting as an operator of nuclear power plants. It includes, as its branches, 11 operating NPPs, including the FNPP, the Scientific and Technical Center for Emergency Operations at NPPs, Design and Engineering as well as Technological companies. In total, 37 power units with a total installed capacity of over 29.5 GW are in operation at 11 nuclear power plants in Russia. Machinery Manufacturing Plant, Joint-Stock Company (MSZ JSC, Elektrostal) is one of the world’s largest manufacturers of fuel for nuclear power plants. The company produces fuel assemblies for VVER-440, VVER-1000, RBMK-1000, BN-600,800, VK-50, EGP-6; powders and fuel pellets intended for supply to foreign customers. It also produces nuclear fuel for research reactors. The plant belongs to the TVEL Fuel Company of Rosatom.

Rosatom obtained a license for the first land-based SMR in Russia

On April 21, Rosenergoatom obtained a license issued by Rostekhnadzor to construct the Yakutsk land-based SMR in the Ust-Yansky District of the Republic of Sakha (Yakutia).

ROSATOM and FEDC agree to cooperate in the construction of Russia's first onshore SNPP

ROSATOM and FEDC have signed a cooperation agreement to build Russia's first onshore SNPP in Yakutia.

Rosatom develops nuclear fuel for modernized floating power units

Rosatom has completed the development of nuclear fuel for the RITM-200S small modular reactor designed for the upgraded floating power units.

• Victor Mukhin

Victor M. Mukhin was born in 1946 in the town of Orsk, Russia. In 1970 he graduated the Technological Institute in Leningrad. Victor M. Mukhin was directed to work to the scientific-industrial organization "Neorganika" (Elektrostal, Moscow region) where he is working during 47 years, at present as the head of the laboratory of carbon sorbents.     Victor M. Mukhin defended a Ph. D. thesis and a doctoral thesis at the Mendeleev University of Chemical Technology of Russia (in 1979 and 1997 accordingly). Professor of Mendeleev University of Chemical Technology of Russia. Scientific interests: production, investigation and application of active carbons, technological and ecological carbon-adsorptive processes, environmental protection, production of ecologically clean food.   

Title : Active carbons as nanoporous materials for solving of environmental problems

Quick links.

• Conference Brochure
• Tentative Program

What is subletting?

Subletting occurs when you allow your premises to be tenanted and used by other businesses 1 .  These businesses will be considered as your sub-tenants. 

JTC only allows subletting for its lessees.  JTC tenants are not allowed to sublet any of their space, except to related businesses. See ' Subletting to related businesses ' below. 

Subletting for lessees

JTC lessees should fully occupy and utilise 100% of their Gross Floor Area (GFA) for their own business needs and operations.  However, where there is excess space available in the short term e.g. during lull business periods, JTC lessees may apply to JTC for permission to sublet such space, up to 30% of the overall GFA.  Such subletting shall be considered by JTC on a case-by-case basis for a period of no longer than three years.  Failure to obtain JTC’s approval to sublet shall be considered as a breach of the lessee’s lease conditions and may result in the termination of your lease or higher sublet fees of up to 100% of assessed sublet rent. To find out how to apply to JTC for approval to sublet, click here . Subletting to related businesses

Where the lessee’s space is used by related businesses, this shall not be considered within the 30% GFA limit permitted for subletting.  Related businesses are defined as those undertaking a related business to the lessee’s operations, where: - The lessee owns more than 50% of the related business's shareholding; or - The related business owns more than 50% of the lessee's shareholding

Lessees who wish to sublet to related businesses are required to obtain approval from JTC.

Subletting for tenants

Subletting by tenants in a high-rise development or workshop is not permitted, unless it is to related businesses. 

For the avoidance of doubt, JTC reserves the right to terminate all lessees and tenancies, and recover the land and space, or to impose higher sublet fees of up to 100% of assessed sublet rent by JTC , where proper approval of subletting has not been obtained.

1 This includes space used for secondary workers dormitory.

Application and fees

Things to note for the application:

• For subletting to related businesses , the maximum subletting term is within the duration of your current tenancy/lease.
• For subletting to non-related businesses, the maximum subletting term is 3 years or the duration of your current tenancy/lease, whichever expires earlier.
• Your subtenant’s usage must abide by our usage guidelines  and other Government Agencies' rules and regulations (e.g. URA’s 60:40 space usage regulation ).
• Subletting for office-use only is not permitted (i.e. any office usage must support the manufacturing operations within the sublet space).
• Subletting open land is not permitted.
• You must submit a floor plan indicating the area you intend to sublet, or if alterations have been made to the floor plan. You may sketch on existing building plans  to indicate the area you intend to sublet.
• Most updated business profile from Accounting and Corporate Regulatory Authority (ACRA)
• Advisory for Industrial Allocation from the National Environment Agency's (NEA) Development Control and Licensing Department (DCLD)
• Land Use Proposal Form from Land Transport Authority (LTA), if the subtenant's usage includes warehousing
• Approval for storage of petroleum and flammable material from Singapore Civil Defence Force (SCDF), if your subtenant's usage involves such material and exceeds allowed quantities
• Approval from  National Authority (Chemical Weapons Convention) , if your subtenant's usage involves chemicals on Jurong Island sites

Applying for subletting

Log in to the customer service portal to submit your application.

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.

We will inform you of the outcome of your application through the customer service portal, SMS and email within 7 working days of your submission.

Subletting fee

The subletting fee is payable through GIRO.

We will inform you of the subletting fee for the full period in our sublet consent letter. For late sublet applications, a higher sublet fee may be charged. 

Further details can be found in our " Subletting your Premises " guide.

Renewing your subletting term

Log in to the customer service portal to submit your subletting renewal application. You can do so 6 months before your subletting term expires.

Termination

Terminating your subletting term.

Log in to the customer service portal to submit your subletting termination notification.

You must ensure that your subtenant can vacate your premises by the effective termination date.

You will be billed up to the end of the month of the effective termination date.