JTC concludes $131.9m tender as 2025 land pipeline shuts

Chiu Teng Enterprises secured the parcel under the second half 2025 IGLS programme.

JTC has awarded the industrial site at Kaki Bukit Avenue 5 to Chiu Teng Enterprises Pte Ltd for about $131.9m, closing the final Confirmed List site under the second half of the 2025 Industrial Government Land Sales (IGLS) programme.

The tender, launched on 30 December 2025 and closed on 3 March 2026, drew five bids, it said in a press release.

The site is zoned Business 2 and spans 15,397 square metres, with a gross plot ratio of 2.5. It carries a 33-year lease and a project completion period of 60 months.

JTC launched the site with an additional three-year lease tenure under enhancements to the industrial land lease framework.

The Kaki Bukit Avenue 5 plot is the final Confirmed List site under the second half 2025 IGLS programme.