Soilbuild Group has solidified its standing in Singapore’s industrial sector by winning a major site at Tampines North Drive 4. The tender for this significant site closed on October 24, with a winning bid of $85,823,999. This achievement highlights Soilbuild’s strategic prowess in the competitive property market.

The site, covering about 18,435.4 square meters, offers a gross plot ratio of 2.5 and is zoned for Business 2. Its prime location in Tampines makes it perfect for industrial use. This strategic spot will help Soilbuild Group meet the increasing demand for industrial space in Singapore.

The project’s completion is set for 60 months post-award. This timeline reflects Soilbuild’s commitment to efficient project execution and its goal to boost the region’s industrial infrastructure.

The path to securing this site began when JTC Corporation launched the tender on August 29, 2023. The process concluded with two competitive bids, demonstrating the high interest in this location. The successful bid showcases Soilbuild Group’s development capabilities and strategic insight in Singapore’s property sector.

This development marks a significant leap in industrial capacity, solidifying Soilbuild Group’s influence on Singapore’s industrial future. For the latest on real estate and opportunities, keep up with the Singapore Business Review community.