Soon Hock Land Pte. Ltd. has secured a major tender from JTC Corporation for a site at Tuas Link Close, Singapore. The deal, worth nearly $89 million, is a significant milestone in the city-state’s industrial development. Spanning 27,561.9 square meters, the property offers a 30-year tenure and a gross plot ratio of 2.5, opening up vast development possibilities.

The project aims for completion in 84 months, demonstrating Soon Hock Land’s commitment to swift progress. The tender process, starting on November 28, 2023, and ending on February 27, 2024, drew three competitive bids. This reflects the high demand for industrial land in this strategic area, vital for Singapore’s supply chain and industrial operations.

This development aligns with Singapore’s efforts to boost its industrial capabilities and meet economic demands. As industries evolve and space needs increase, such projects are essential. They ensure Singapore remains a prime location for businesses and investments.

The tender win signifies more than just construction; it highlights Soon Hock Land’s dedication to Singapore’s industrial future. It shows confidence in the market, driving economic growth and creating jobs in the area.