FAQ for Prospective Tenderers
Can a public listed company put in a tender that is subject to its shareholders approval if it gets accepted i.e. in compliance with Chapter 10 of the Listing Manual, where shareholders' approval is required at an EGM if the company wants to make a major acquisition?
Tenderers are required to submit firm and unconditional offers for the site. Tenders that are subject to confirmation or approval by shareholders of the tenderers will be deemed as conditional and will not be considered.
Can a company currently already undertaking a development on a URA or HDB sale site that is part of the Government land sales programme, tender for other GLS sale sites as well?
Yes, the company can tender for other GLS sale sites.
Can a company or a person who is debarred by the Standing Committee On Debarment (SCOD), Ministry of Finance, participate in URA tenders and auctions during the debarment?
A company or a person who is debarred by SCOD from participating in 'all lines of business' cannot participate in all public tenders, including URA tenders and auctions during the debarment period.
Can a company whose director(s) is debarred by the SCOD, participate in URA tenders and auctions?
The company can participate in URA tenders and auctions only if the company itself is not debarred. However, URA will also take into account the following in its decision whether to allow the company to participate:
whether the company was incorporated shortly after the effective date of debarment of the director(s);
whether the debarment of the debarred director(s) was due to criminal offences involving fraud, corruption, bid-rigging, cheating or money laundering, or nay offence of similar nature; and
whether the debarred director(s) are the only director(s) of the company at the effective date of debarment of the director(s).
Can a company who is named in the Land Sales Disqualification List, participate in URA tenders and auctions?
The company can participate in URA tenders and auctions only if:
the company is not named in the Land Sales Disqualification List maintained by the Controller of Housing (‘the Land Sales Disqualification List’);
the company whose one or more director(s) is/are not named in the Land Sales Disqualification List; and
the company whose one or more substantial shareholder(s) (as defined in section 81 of the Companies Act 1967) and/or where any of such substantial shareholder(s) is a company1, one or more director(s) of such substantial shareholder(s), is/are not named in the Land Sales Disqualification List.
Where can I locate the information on details of the developers and relevant parties who are disqualified from participating in tenders/sales of Government land?
Refer to the Land Sales Disqualification and/or Sales Suspension Framework for more information.
Where can we obtain the land price of the surrounding land parcels or other sites?
Information for all URA sale sites is available at our website at
Is a Trust permitted to submit a tender for the land parcel and will this be subject to conditions? If the tender is successful, can another Trust be appointed as the Approved Developer for the land parcel and will this be subject to conditions?
The trustees acting on behalf of the trust may submit a tender for the land parcel. If the tender is successful, the beneficiaries of the trust (i.e. the successful tenderer) as at the tender submission date will be required to hold a controlling interest of more than 50% share in the land and the proposed development until Temporary Occupation Permit (TOP) is issued for the whole of the proposed development on the land. However, the exact conditions that URA may impose will be determined only when full details relating to the trust are given after the award of tender.
If the tender is successful, any proposal by the trust (i.e. the successful tenderer) to appoint another trust as the Approved Developer will be subject to the prior written approval of the URA.
The URA will consider such proposal only after the award of tender and when full details of the successful tenderer and the proposed Approved Developer are provided.
Consideration of such proposal will be based on the requirement that the beneficiaries of the trust (i.e. the successful tenderer) as at the tender submission date shall hold a controlling interest of more than 50% share in the land and the proposed development until TOP is issued for the whole of the proposed development on the land.
If the successful tenderer is a holding company, can it appoint a Trust as the Approved Developer for the land parcel, and will this be subject to conditions?
Any proposal by the successful tenderer to appoint a trust as the Approved Developer is subject to the prior written approval of the URA.
The URA will consider such proposal after the award of tender and when full details relating to the successful tenderer and the proposed Approved Developer are provided.
Consideration of such proposal will be based on the requirement that the shareholders of the successful tenderer as at the tender submission date shall hold a controlling interest of more than 50% share in the land and the proposed development until Temporary Occupation Permit (TOP) is issued for the whole of the proposed development on the land.
Can 2 Trusts bid for the land parcel? Is there a need to inform URA of the stakes that each trust will hold in the land parcel at the point of tender submission?
Yes. Tender for the land parcel may be submitted jointly by the trustees from two or more trusts on behalf of their respective trusts. You do not need to indicate at the point of submission of tender the stake that each trust will hold in the land. However, if the tender is successful, URA will require full details relating to the trusts and if necessary, the proportions of their respective interests in the land. URA may impose such conditions as it deems necessary on the trusts as successful tenderers of the land.
URA will require the beneficiaries of the trusts (i.e. the successful tenderers) as at the tender submission date to hold a controlling interest of more than 50% share in the land and the proposed development until Temporary Occupation Permit (TOP) is issued for the whole of the proposed development on the land. However, the exact conditions that may be imposed will be determined only after the award of tender and full details relating to the trusts are given.
If the successful tenderer appoints an approved developer to sign the Building Agreement, will the approved developer be required to pay stamp duty again on the Building Agreement? What is the implication of the Rules made under the Stamp Duties Act 1929 relating to remission of any duty payable under the Stamp Duties Act 1929?
The successful tenderer has to pay stamp duty (calculated based on the full land price) on the tender acceptance letter. In a case where the successful tenderer appoints an approved developer to sign the Building Agreement, the approved developer will be required to pay another set of stamp duty on the Building Agreement unless the approved developer can get remission under the relevant Rules made under the Stamp Duties Act 1929 in respect of remission of any duty payable thereunder.
Please check with the Inland Revenue Authority of Singapore and your solicitors on the requirements of the relevant Rules relating to remission of any duty payable under the Stamp Duties Act 1929.
Can a Limited Liability Partnership (LLP) submit a tender and/or be the approved developer for a land parcel?
A Limited Liability Partnership (LLP) may tender and/or (with the consent of URA) be the approved developer for a land parcel. The requirements for controlling interest where the successful tenderer or approved developer signs the Building Agreement and carries out the development of the land parcel as stipulated in the Conditions of Tender shall similarly be adapted to apply to a LLP.
Where the successful tenderer appoints a Limited Liability Partnership (LLP) as an approved developer for the land parcel, what will be the conditions that the LLP must comply with in relation to the controlling interest requirement?
Where the successful tenderer appoints (with the consent of URA) a LLP to be the approved developer to carry out the development and sign the Building Agreement, the LLP in signing the Building Agreement shall be required and bound to ensure that, until TOP is obtained for the whole of the development, the successful tenderer's capital contribution to the LLP amounts to more than 50% of the capital of the LLP and that the successful tenderer has a right to more than 50% of the profit of the LLP. Breach of this requirement shall be a breach of the Building Agreement.
Detailed conditions relating to the controlling interest requirement will be determined only after the award of tender and submission of the necessary details and particulars in relation to the successful tenderer's proposal to appoint a LLP as an approved developer. Amendments to the form of the Building Agreement in Appendix E of the Conditions of Tender will be necessary.
Where can i view the tender documents for sites in the confirmed list and the sites made available in the reserve list?
The eDeveloper's Packets contain information that prospective tenderers would need to be aware of when submitting tenders for land parcels. The information includes, Conditions of Tender, Technical Conditions of Tender, and other relevant documents and information on the sale site.
The eDeveloper's Packets is available via e-Services (One-Stop Developers' Portal) upon payment of S$185.30 (inclusive of GST), $170.00 (w/o GST).
Payment is by Mastercard, Visa, and eNets.
