The Tukang Innovation Drive Plot B industrial site awarded to Fusion Property is yet another major piece of work in a decades-long effort to transform Singapore’s western industrial corridor. Under the Industrial Government Land Sales (IGLS) programme launched by JTC, the site attracted significant interest from developers who appreciate the long-term value of this site in Jurong and Tuas’ industrial ecosystem.

The development is strategically positioned, planning parameters updated and closely aligned with logistics and commercial infrastructure and is set to support the contemporary population of industrial users in searching for efficient, future-ready space.

The best of this tender is the belief it implies that good Business 2 industrial development has indeed been an ongoing need, of confidence. Fusion Property’s application wins highlights the Tukang Innovation Drive precinct as attractive development area to the next stage of manufacturing, logistics and production. The proposal showcases that the growth in industrial land in Singapore is continuing, and transitioning from factory projects to networked, multi-use building facilities serving the needs of modern operations.

Tender Information and Planning Parameters

The site of Tukang Innovation Drive Plot B was published as part of JTC’s strategy to secure a steady influx of commercial land to support productivity and more efficient land use. Participants came forward to bid, demonstrating considerable market demand for strategically located B2-zoned land plots.

This degree of interest is an early-warning sign that developers care much more about the site’s potential for the long-term, in particular the connectivity that the site offers and the breadth of potential industrial occupiers.

Like other IGLS sites, the land parcel is organized to accommodate a contemporary multi-use industrial setting. This provides for strata subdivision, enabling flexibility for investors as well as end users. That kind of space is growing, as it allows businesses to have full control of their operating room and enjoy shared infrastructure, slick layouts and custom designed facilities.

The planning model also meets heavy vehicle access and loading requirements relevant to logistics and warehousing and to use by advanced manufacturing sectors. The award going to Fusion Property reflects the developer’s strong ability and experience in developing industrial projects in response to changing market demands.

In line with the ongoing drive towards higher-specification industrial buildings in Singapore, the development is likely to feature features that will drive productivity, operational efficiency and long-term asset value.

Situated in Singapore’s Western Industrial Hub

One of its strong selling points is the location of Tukang Innovation Drive. Located within the Jurong and Tuas industrial belt, the site has seamless connectivity to a robust ecosystem of manufacturers, logistics providers and supporting industries.

The aggregation of industrial activity promotes significant efficiencies for firms by facilitating integration and collaboration in the supply chain. The great advantage is of connectivity. This site features robust access to major expressways including Ayer Rajah Expressway (AYE) and Pan-Island Expressway (PIE) to facilitate the easy flow of goods around the island.

Its close proximity to Tuas Mega Port is also important as the next-generation port will be the world’s largest fully automated terminal. Businesses can get a quick turn around with no additional costs through Tukang Innovation Drive.

The nearby Jurong Innovation District and Tuas Biomedical Park also form part of the area’s shift toward being an industrial cluster with huge value addition. Such development attracts high-tech industries and high-tech manufacturing, necessitating more modern industrial space to accommodate automation, research and advanced production processes.

Most industrial developments are propelled by operations but the amenities in the vicinity provide a great deal of job support. Food centres, workers’ dormitories, business services and retail that cater to daily needs make the Tukang and Jurong areas well served.

This means there are companies operating within the development that may be able to offer their employees a pleasant and convenient work environment. Being connected to public transportation via local MRT and bus networks also makes the services accessible to the labour force.

This is critically important to companies needing a steady and productive work force. The existence of large industrial estates in the vicinity also results in accessible facilities – equipment vendors, equipment maintenance services, logistics partners.

Location Potential and Appeal of Long-Term Investment

Tukang Innovation Drive Plot B has the potential for ongoing value creation that is anchored in the evolving profile of industrial activities in Singapore in the medium to long-term. For automation, digitalisation, higher value-added production, and other modern facilities with higher floor loading, optimisation of layouts, and smart building features.

New development on this site can be built to fill these needs, so it is very appealing to both end users and investors. Multi-use format is appealing as well for investors. Even in the land-scarce Singapore landscape there is a strong preference for businesses to own rather than lease their premises – the strata industrial units remain a phenomenon.

The developments, of course, are good ones for investors with a potential for rent and investment and good land for development—helped along by its strategic location in the western part of Singapore, which is also seeing ongoing development.

Moreover, the sustainable growth of Tuas as the regional logistics and industrial hub will stimulate continued demand for an excellent industrial infrastructure. Tuas Mega Port and the extension of new advanced manufacturing and innovation led industries in Jurong, will ensure that the site remains one of the key engine houses in Singapore’s economy.

A Catalyst for Developing Industry for the Next Generation

The grant of Tukang Innovation Drive Plot B to Fusion Property is not merely a land handover, but rather a demonstration of Singapore’s visionary industrial strategy. JTC is also facilitating the development of facilities capable of hosting future industrial development whilst optimising the use of land as it releases well-located sites with modern planning parameters.

For companies it translates to improved productivity and better connectivity by means of high-end industrial space. For investors, it is an opportunity to grow alongside a new generation of industrial developments in one of the country’s most vibrant industrial areas. With the formation of the project, this will allow Jurong and Tuas to move forward on its way to become a globally competitive industrial hub in the future.