JTC has announced the awarding of the industrial site at Ubi Avenue 1 to AL Tyres Pte Ltd, following a tender process that concluded on 8 July 2025. The site was secured with a bid of $12,889,000, the only bid received after the tender was launched on 29 April 2025.
The awarded land parcel, located at Ubi Avenue 1, is zoned for Business 2 use, covering an area of 6,103.3 square metres. The site comes with a tenure of 23 years and a gross plot ratio of 2.5, allowing for significant development potential. The project is expected to be completed within 60 months, providing ample time for AL Tyres to establish its operations.
This development is a notable addition to Singapore’s industrial sector, as it highlights the ongoing demand for industrial spaces in strategic locations. The successful bid by AL Tyres underscores the company’s commitment to expanding its footprint in the region.
The tender process, managed by JTC, reflects the organisation’s role in facilitating industrial growth and development in Singapore. By awarding this site, JTC continues to support businesses in their expansion efforts, contributing to the broader economic landscape.
As AL Tyres prepares to develop the site, the project is anticipated to bring new opportunities and advancements to the area, aligning with Singapore’s industrial growth objectives.
“`
