JTC Corporation has awarded the tender for an industrial site at Kaki Bukit Avenue 5 to Chiu Teng Enterprises Pte Ltd. The tender, which was launched on 30 December 2025, concluded on 3 March 2026, attracting five bids in total. Chiu Teng Enterprises secured the site with a tendered sum of S$131.88m.
The awarded land parcel, located at Kaki Bukit Avenue 5, is zoned for Business 2 activities. It spans an area of 15,397 square metres and comes with a tenure of 33 years. The site has a gross plot ratio of 2.5, and the project is expected to be completed within 60 months.
This development is significant as it reflects ongoing interest and investment in Singapore’s industrial sector. The Kaki Bukit area is known for its strategic location and accessibility, making it a desirable spot for businesses looking to establish or expand their operations.
The successful bid by Chiu Teng Enterprises highlights the competitive nature of industrial site tenders in Singapore, as companies vie for prime locations to support their business growth. The completion of this project is anticipated to contribute to the economic vibrancy of the area, providing new opportunities for businesses and employment.
