JTC has announced the awarding of the tender for the industrial site at Plot 3 Jalan Papan to CK Toh Construction Pte Ltd. The tender, which closed on 22 April 2025, attracted three bids, with CK Toh Construction securing the site for a tendered sum of $5.39 million.
The awarded land parcel, located at Plot 3 Jalan Papan, is zoned for Business 2 use and spans an area of 71,994 square metres. The site comes with a 20-year tenure and a gross plot ratio of 1.4, with a project completion period set at 60 months.
This development is significant as it reflects ongoing industrial growth and infrastructure development in Singapore. The strategic location and zoning of the site are expected to support various business activities, contributing to the economic landscape.
The tender process, launched on 25 February 2025, highlights the competitive interest in Singapore’s industrial real estate sector. The successful bid by CK Toh Construction underscores the company’s commitment to expanding its footprint in the industrial domain.
As the project progresses, it is anticipated to bring about job opportunities and bolster the local economy. The completion of this project will likely enhance the industrial capabilities of the region, aligning with Singapore’s broader economic objectives.
“`
