JTC has announced the awarding of the Kaki Bukit industrial site tender to Chian Teck Realty Pte Ltd, with a successful bid of $52.8m. The tender, which was launched on 28 April 2026 and closed on 23 June 2026, attracted six bids in total.
The Kaki Bukit site is zoned for Business 2 use, covering an area of 7,364.8 square metres. It comes with a tenure of 33 years and a gross plot ratio of 2.5. The project is expected to be completed within 60 months.
This development is part of JTC’s ongoing efforts to enhance industrial infrastructure in Singapore, providing businesses with the necessary space to grow and innovate. The competitive bidding process underscores the demand for industrial land in strategic locations like Kaki Bukit.
The successful bid by Chian Teck Realty highlights the company’s commitment to expanding its industrial portfolio. The site is expected to bolster the company’s capabilities in meeting the needs of various industries, contributing to Singapore’s economic growth.
As the project progresses, it will be interesting to see how Chian Teck Realty plans to develop the site to maximise its potential. The completion of this project is anticipated to bring new opportunities and facilities to the Kaki Bukit area, supporting the local business ecosystem.
