JTC awards Tukang Innovation Drive site in $81.9m tender

The tender, which was launched on 31 December 2024 and closed on 8 April 2025, attracted five bids in total.

JTC has awarded the tender for the industrial site at Plot A Tukang Innovation Drive to joint tenderers Fusion Property Pte. Ltd. and BP-Innovue Pte. Ltd. at a tendered sum of $81.9m, the agency announced.

The tender, which was launched on 31 December 2024 and closed on 8 April 2025, attracted five bids in total.

According to JTC, this marks the first Industrial Government Land Sales (IGLS) site awarded with an additional three years of lease tenure under recent enhancements to Singapore’s industrial land lease framework.

The tenure for the site has been extended to 33 years, compared to the previous standard of 30 years.

The awarded site at Plot A Tukang Innovation Drive is zoned for Business 2 use, with a site area of 18,687 square metres and a gross plot ratio of 2.5. The project is to be completed within 60 months.