JTC has awarded the tender for the industrial site at Plot B Tukang Innovation Drive to Fusion Land Pte. Ltd. The successful bid was valued at $95.188m. The tender process, which began on 29 July 2025, concluded on 9 September 2025, attracting three bids in total.
The awarded site, located at Plot B Tukang Innovation Drive, is zoned for Business 2 activities. It spans an area of 18,722.2 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 highlights the ongoing demand for industrial spaces in Singapore, particularly in areas designated for business and innovation. The successful bid by Fusion Land underscores the company’s commitment to expanding its footprint in the industrial sector.
The award of this tender is part of JTC’s broader strategy to facilitate industrial growth and innovation in Singapore. By providing well-planned industrial spaces, JTC aims to support businesses in enhancing their operational capabilities and contributing to the country’s economic development.
