JTC to launch Tukang reserve site after $70.5m bid

The public tender opens on 29 July and runs for six weeks.

JTC is set to launch an industrial site at Plot B, Tukang Innovation Drive, for sale by public tender after receiving an application with a minimum committed bid of $70.5m.

The 1.87-hectare site, with a 33-year lease and a gross plot ratio of 2.5, was previously listed under the Reserve List of the first half of the 2025 Industrial Government Land Sales (IGLS) programme.

Under the Reserve List system, JTC is to make public the minimum bid price committed for the land parcel.

However, the identity of the applicant will not be released.

The public tender for the land parcel is scheduled for 29 July with a tender period of six weeks.

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