JTC has announced the awarding of the industrial site at Gul Drive to Lucky Joint Construction Pte Ltd, following a competitive tender process. The site, launched for tender on 25 March 2025, attracted seven bids before closing on 20 May 2025. Lucky Joint Construction emerged as the successful bidder with a tendered sum of $4.8m.
The Gul Drive site is zoned for Business 2 use, covering an area of 48,763 square metres. The tenure for the site is set at 23 years, with a gross plot ratio of 1.4. The project is expected to be completed within 60 months, providing ample time for development and construction.
This award highlights JTC’s ongoing efforts to facilitate industrial growth in Singapore by providing strategic land parcels to capable developers. The successful bid by Lucky Joint Construction underscores the company’s competitive edge and commitment to contributing to Singapore’s industrial landscape.
The development of the Gul Drive site is anticipated to enhance the area’s industrial capabilities, potentially attracting further business investments and boosting the local economy. As the project progresses, it will be closely watched for its impact on Singapore’s industrial sector and its alignment with the nation’s broader economic goals.
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