Marketing

• 4P: Price, Product, Place, Promotion
• Private Treaty
  • Can vary the price anytime, can nego
• Auction
  • Bid to compete, with reserve price
• Tender = Blind Bidding
• Details MUST be in print (except classified ads)
  • EA name
  • EA license num = “CEA Licence Number 1234”
  • RES name/business name
  • RES registration num = “CEA Registration Number 1234”
  • RES contact num
• Classified ads exception
  • NO need licence & registration number, and can abbreviate names
• Footnotes min font size 8

Industrial

• Industrial Government Land Sales (IGLS) by JTC
  • Tenure up to 30y
• Open Land Application Scheme (OLAS)
  • OLAS unlike IGLS, assess based on business growth
• GPR 0.8-2.5
• Min 60% industrial
• Max 40% for ancillary offices, etc
  • But no more than 25% for offices
  • Must be related offices
• Land Rent
  • Revised yearly in Jul
  • Max 5.5% increment
• Temporary Occupation Licences (TOL)
  • Up to 3y
• Property tax payable is based on 10% of the annual value

Consumer Protection (Fair Trading) Act

• Refund within 60d
• Claim up to $30k
• Can cancel contract within 5 days
• Unfair Practice = false claim, etc
• Can claim within 2y from the occurrence of the unfair practice
• Excludes sale and purchase of residential properties (but includes rentals)
• Includes financial product & services

Tribunals

• Tribunals hear claims up to $20k
• can be raised to $30k, if both parties agree and file a Memorandum of Consent online
• At the Hearing, both parties will have a chance to present their cases to the Tribunal Magistrat
• Lawyers are not allowed to represent any