Cosco Shipping unit to develop 2nd phase of Jurong Island Logistics Hub

The subsidiary will develop it at Tembusu Crescent.

COSCO Shipping International's unit, Cogent Jurong Island (CJI), has accepted JTC Corporation's lease offer for 25,000 square meters (sqm) of land at Tembusu Crescent, Jurong Island.

The 30-year lease will commence on 1 February 2025, but Cogent Jurong Island (CJI) took possession of the land on 1 December 2024.

CJI plans to develop the second phase of the Jurong Island Logistics Hub (JILH) on the land, which has a maximum gross plot ratio of 2.5.

The first phase of JILH was completed in April 2021.

The first phase spans 3.5 hectares with approximately 87,500 sqm of built-up area, including a 50,000 sqm warehouse and a 14,000 sqm storage yard.

Follow the link for more news on

COSCO

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia