About Tuas Link Close Land Bid
In March 2024, JTC Corporation awarded the industrial site at Tuas Link Close to Soon Hock Land Pte Ltd, following a competitive tender that began in November 2023 and closed on February 27, 2024. Soon Hock Land emerged as the successful bidder with a tendered sum of S$88,999,000, marking a significant milestone both for the company and for Singapore’s strategic industrial development in Tuas.
The plot awarded covers an expansive site area of 27,561.9 sqm, zoned as Business‑2 (B2) under JTC’s industrial land scheme. The site carries a 30‑year lease tenure and allows a gross plot ratio (GPR) of 2.5. JTC has set an 84‑month development completion period. These parameters signal that the site is intended for substantial industrial use, catering to businesses needing high floor loading capacity, ramp access, and long-term space security.
Receiving three bids when the tender closed suggests healthy interest in the site. Given Tuas’s growing role as Singapore’s western industrial corridor—especially with the Tuas Mega Port under development—this award illustrates the market hunger for well‑located, future‑oriented industrial land. Soon Hock Land’s bid reflects confidence in the demand for B2 industrial that support manufacturing, engineering, logistics, and supply chain functions.
This land parcel is positioned within the industrial hubpark of Tuas, where infrastructure improvements and future maritime expansion have heightened strategic value. Proximity to the future Tuas Mega Port, Tuas Link MRT, and major expressways reinforces the site’s appeal for businesses relying on efficient freight routing and staff accessibility.
About the Developer Soon Hock Land
Developer Soon Hock Land, securing this site reinforces the company’s track record in industrial development. The firm has previously undertaken large-scale projects in industrial zones and stands to further enhance its presence by developing a major B2 project in one of Singapore’s most dynamic industrial precincts. The significant tender price also reflects aggression in capturing high-quality industrial land, anticipating future growth in demand for strata‑titled B2 factories.
The new site’s attributes allow for flexible, ramp‑fronted units with high ceilings, large payload capacity, and operational efficiency. With the development horizon extending to around seven years, per JTC’s 84‑month timeline, Soon Hock Land is likely working toward a modern facility that aligns with future industrial needs, including automation, ESG compliance, and streamlined logistics.
This award reaffirms JTC’s approach to manage supply of industrial land through a transparent tender system, balancing public land release with industrial planning objectives. The clear zoning, plot ratio, and tenure terms provide transparency for bidders and eventual end‑users. By awarding sites such as Tuas Link Close, JTC ensures that well‑specified land is allocated to developers capable of creating long‑lasting, productive industrial assets.
Looking ahead, the development spawned by this tender is expected to play a role in shaping Tuas’s industrial narrative as infrastructure matures. As the Mega Port should become a key node in Tuas’s logistics and manufacturing ecosystem.opens over coming years and supporting transport networks evolve, the Soon Hock project at Tuas Link Close should become a key node in Tuas’s logistics and manufacturing ecosystem.