JTC has announced the successful awarding of the industrial site tender at Kaki Bukit Avenue 5 to Extra Space Kaki Bukit Pte. Ltd. The tender, which was launched on 27 May 2025, concluded on 22 July 2025, with the sole bid amounting to $31.39m.
The site at Kaki Bukit Avenue 5 is a significant addition to Singapore’s industrial landscape, providing opportunities for further development in the area. The tender process, managed by JTC, attracted interest but ultimately received only one bid, highlighting the competitive nature of industrial site allocations in Singapore.
Extra Space Kaki Bukit’s successful bid underscores the company’s commitment to expanding its footprint in the industrial sector. The awarded site is expected to bolster the company’s capabilities and contribute to the broader industrial growth in the region.
This development is part of JTC’s ongoing efforts to optimise land use and support industrial growth in Singapore. By awarding this tender, JTC aims to facilitate the development of infrastructure that meets the evolving needs of businesses and supports economic growth.
