Soon Hock Holdings wins S$89 Million Tender for Tuas Link Close Industrial Site

In March 2024, Soon Hock Land Pte Ltd — a subsidiary tied to Soon Hock Enterprise Holding Limited — was awarded the tender for a Business 2-zoned industrial land parcel at Tuas Link Close by JTC Corporation (JTC), Singapore’s lead developer of industrial infrastructure.

Location: Tuas Link Close, Jurong/Tuas planning area, Singapore
Site Area: ~27,561.9 sqm
Zoning: Business 2 (B2) — allows for a wide range of industrial and ancillary uses
Tenure: 30 years
Gross Plot Ratio: 2.5 (maximum developable intensity)
Winning Tender Price: S$88,999,000 (~S$1,291.62 per sqm per gross plot ratio)
Tender Launched: 28 Nov 2023
Closing Date: 27 Feb 2024
Awarded On: 28 Mar 2024
Number of Bids Received: 3 (one bid later deemed invalid)

Soon Hock’s bid was significantly higher than the other valid offer (from Soilbuild Group Holdings, which came in around S$53.4 million), reflecting strong confidence in the site’s potential.