Photo by Alief Baldwin via Pexels

NParks sets up revised tenancy agreement for landscape, orchid land plots

In the new 6+3 year model, renewal will occur only once at 7th year of tenancy.

The National Parks Board (NParks) will revise the tenure structure for new landscape and orchid nursery land plots from the current 3+3+3 years to 6+3 years.

The revised tenancy model, which addresses demand for an extended first-term tenure, will apply to the next tranche of tenancy plots put up for tender by NParks starting from November 2025.

Under the new 6+3 year model, tenancy renewal and rental revisions will occur only once at the 7th year of tenancy, instead of twice at the 4th and 7th years.

“This will address the demand for a longer first-term tenure, as nurseries typically require substantial upfront investment and development costs and a longer timeline to complete construction and become operational,” NParks said.

To create the revised arrangement, the board also took input from the Landscape Industry Association Singapore (LIAS).

“The revised tenancy model provides greater business stability, enabling nursery operators to improve business planning and make longer-term investments in technology and equipment,” NParks and LIAS said.

NParks will introduce new tender processes and will open public consultation for the first national standard on tree management Code of Practice for Pruning of Trees in Tropical Urban Landscapes, as part of the board's “ongoing efforts to support businesses in the landscape industry.” 
 

Join Singapore Business Review community
Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Top News

iFAST debuts as ETF issuer with four SGX listings
They offer exposure to Japanese, South Korean, and Taiwanese stocks.The Singapore Exchange (SGX) has listed four iFAST Xtrackers UCITS exchange-traded funds (ETFs) on 22 October, giving investors access to the equity markets of Japan, South Korea, and Taiwan.
Markets