The industrial property market of Singapore continues to attract development interest and Soon Hock (3) Pte Ltd was able to secure the 5 Tuas Avenue 13 B2 industrial land parcel under the Industrial Government Land Sales (IGLS) programme for S$43.388 million.

The tender was officially awarded by JTC Corporation on September 30, 2026, after a competitive bidding exercise which attracted five bids. Established in Singapore’s Tuas industrial district, the site is ripe for future industrial development, serving manufacturing, logistics and other B2 industrial activities.

With a total area of 17,422.4 square metres, the land parcel is for a 33-year lease term and has a gross plot ratio of 1.4. The location in the industrial district of Western Singapore will help in the development of the area and the existing infrastructure.

 

Soon Hock wins 5 Tuas Avenue 13 Industrial Land Tender. The award of the 5 Tuas Avenue 13 IGLS site is another industrial land acquisition by Soon Hock that is indicative of the company’s continued focus on Singapore’s industrial real estate sector.

The tender was launched on June 30, 2026, and was officially closed on August 25, 2026, at 11:00 AM. According to JTC, there were five bids for the industrial land parcel and Soon Hock (3) Pte Ltd became the successful company.

The winning bid of S$43.388 million is equivalent to around S$165 per square foot per plot ratio (psf ppr) given the gross floor area on the site permitted.

This land acquisition provides Soon Hock with an opportunity to develop a new industrial property in Tuas, where demand for suitable business premises is influenced by manufacturing activities, supply chain requirements and industrial infrastructure development.

The eventual development concept, building design and market positioning will depend on the developer’s plans as well as regulatory approval.

 

5 Tuas Avenue 13 Industrial Land Specifications.

The following table summarises the official development parameters given by JTC Corporation.

Site	5 Tuas Avenue 13 Singapore 638977
Successful Tenderer	Soon Hock (3) Pte Ltd
Land Zoning	Business 2 (B2)
Land Area	187,534 sq ft
Lease Tenure	33 Years
Gross Plot Ratio	1.4
Maximum Permissible GFA (Approx.)	24,391.36 sqm
Strata Subdivision	Allowed
Project Completion Period	60 Months
Tender Award	September 30, 2026
Tender Price	S$43,388,000
Estimated Land Rate	S$165 psf ppr

 

Strategic Location within Tuas Industrial Estate.

The 5 Tuas Avenue 13 facility is located in Tuas, one of Singapore’s major industrial and manufacturing districts. Tuas has become a key location for businesses that work in engineering, industrial production, logistics, warehousing and supporting services. Its concentration of industrial facilities provides an environment in which businesses can operate right next to suppliers, customers and complementary industries.

The location also benefits from connections to Singapore’s western industrial corridors, including Jurong, Pioneer and neighbouring Tuas industrial estates. The main transport infrastructure in the larger district includes the Ayer Rajah Expressway (AYE), Pan Island Expressway (PIE) and road connections for moving industrial goods through Western Singapore.

For manufacturers and logistics providers, expressways and industrial clusters in place can be an added benefit to operational efficiency, especially for businesses working on volume of deliveries, equipment transportation and distribution. The accessibility and transport system of the future development will depend on the approved site layout and vehicular access arrangements.

 

Potential Development of a New B2 Industrial Facility.

Due to the Business 2 zoning, the 5 Tuas Avenue 13 land parcel is meant for industrial use as per Singapore’s planning laws.B2 industrial properties generally cater to a wider range of industrial activities than B1 developments, with the relevant authorities’ requirements and approved use.

Potential industrial activities may include manufacturing, engineering, industrial processing, equipment assembly, warehousing and other supporting industrial activities. The relatively large land area of approximately 1.74 hectares allows the developer to explore various building configurations.

Based on planning approval and commercial considerations, the development could potentially include high-ceiling industrial spaces, goods lifts, loading and unloading facilities, heavy-duty flooring or vehicle access arrangements suitable for industrial operations.

However, these features are still possibilities, not confirmed specifications. No specific unit mix, floor plan or building plan was defined by the tender for JTC. Strata Subdivision Allowed. A surprising aspect of the 5 Tuas Avenue 13 IGLS site is that strata subdivision is permitted according to the tender contract.

This gives the developer the flexibility to consider a strata-titled industrial development, subject to the applicable approvals and conditions. If Soon Hock introduces the strata industrial concept, the development could be suitable for companies looking for individual industrial units rather than purchasing an entire industrial building.

Strata subdivision permission does not necessarily mean the project will be launched for individual unit sales. The final development strategy will have to be confirmed. Tuas Mega Port Transformation and Industrial Property Potential. Of course, one of the more substantial reasons for interest in Tuas industrial properties is the development of Tuas Port.

Over the long run, Singapore’s port transformation will be able to enhance the western region’s role in maritime logistics, cargo handling and industrial activities. As port operations gradually consolidate in Tuas, companies that have freight forwarding, supply chain management, engineering, equipment maintenance and logistics services may also consider locations in the surrounding industrial districts.

The 5 Tuas Avenue 13 industrial development could benefit from this larger transformation through its position within the Tuas industrial ecosystem. For businesses that need to be close to big logistics networks, a Tuas location can reduce some transportation and coordination requirements.

However, the commercial benefit of any project will depend on its design, accessibility, price and suitability for the business. Why Tuas is still the important industrial property location in Singapore. Due to its concentration of manufacturing facilities, infrastructure and industrial land in Tuas, it remains a major industrial centre in Singapore.

Unlike commercial districts where industrial development opportunities may be limited, Tuas has wide areas designated for industrial operations. So it is a very special area for businesses that demand particular industrial facilities, larger operational spaces and proximity to other manufacturers. Industrial properties in Tuas can appeal to any type of business activity including precision engineering companies, industrial equipment suppliers, manufacturing businesses, and logistics services providers.

In addition to the development of new B2 industrial projects, businesses can also compare modern facilities to older factory buildings. Companies considering relocating or expanding usually consider such factors as floor loading capacity, ceiling height, electrical supply, loading arrangements, building accessibility and compliance with their approved industrial use.

A future development at 5 Tuas Avenue 13 could meet some of these requirements, if Soon Hock does address those specifications. Soon Hock’s expansion in Singapore Industrial Property. The acquisition of 5 Tuas Avenue 13 adds to Soon Hock’s industrial property development in Singapore.

The acquisition was made through Soon Hock (3) Pte Ltd. Soon Hock Enterprise Holding Limited announced the award on September 30, 2026.

The land acquisition is in line with the company’s business expansion plans and industrial property portfolio development plan, said the company’s statement.

The project is a relatively large investment where land acquisition cost is about S$43.39 million.

The total development expenditure will also depend on construction costs, professional fees, financing arrangements and other project-related expenses.

As Singapore’s industrial property market changes, developers with industrial experience might be best placed to react to new business needs.

For the 5 Tuas Avenue 13 project, more details about its development concept, building design and commercial positioning will be important to determine its eventual market appeal.

 

Industrial Government Land Sales Programme 2026.

The 5 Tuas Avenue 13 site was released under Singapore’s first-half 2026 Industrial Government Land Sales Programme. The IGLS programme supports the supply of industrial land to meet Singapore’s manufacturing and industrial development needs.

The Government releases industrial sites through competitive tender exercises, which provide private-sector developers with the opportunity to participate in the development of industrial properties. The 5 Tuas Avenue 13 parcel was launched along with the Jalan Besut industrial site on 30 June 2026.

Both parcels were zoned B2 and were offered with 33-year lease terms, but the area of the sites and possible gross plot ratios were different.

 

Frequently Asked Questions (FAQs)