CK Toh Construction Pte Ltd, a local construction firm, has emerged as the winning bidder for the industrial development site at Plot 3 Jalan Papan. The tender was awarded by JTC Corporation on 20 June 2025, with CK Toh winning the parcel with an offer of S$5.388 million.
Site Details & Zoning
- Location: Plot 3 Jalan Papan
- Land Area: 7,199 sq ft
- Zoning: Business 2 (B2), allowing light industrial uses subject to regulatory approval
- Gross Plot Ratio: 1.4
- Tenure: 20-year lease
The site comes with standard height restrictions, covering all rooftop structures, cranes, antennas, and additional fixtures.
Development Timeline
CK Toh Construction is expected to complete the development within five years from the date of tender acceptance.
Market Context & Competitive Insights
Industrial land tenders in Jalan Papan have attracted varied interest. Notably, a nearby parcel (Plot 2) had previously drawn a higher bid, awarded at roughly S$7 million to Vicom in December 2022 for a 20-year lease. That parcel was larger, spanning approximately 0.66 hectare (~133,000 sq ft). Compared to its larger neighbor, Plot 3 was keenly contested, with CK Toh’s winning bid reflecting strong interest anchored in pragmatic land use and local demand.
What It Means for CK Toh Construction & the Industry
- Strengthening Local Presence: This acquisition deepens CK Toh’s industrial portfolio in a prime manufacturing node, bolstering its urban industrial credentials.
- Meeting Demand for Light Industrial Space: As household and small industrial processes expand in Singapore, there continues to be steady demand for optimized, B2-zoned facilities.
- Potential for Innovation: The site offers a canvas for CK Toh to apply advanced industrial planning, perhaps integrating modular design, green infrastructure, or flexible factory operations.
What to Watch Next
- Planning Submissions: CK Toh must submit development plans to JTC and other authorities in line with B2 zoning rules, likely within a few months.
- Construction Timeline: Given the five-year deadline, phased works could begin as early as 2026, pending approvals.
- Market Ripples: This successful bid may influence pricing strategies in future JTC tenders, balancing cost pressure with smart design imperatives.
This award underscores persistent investor confidence in Singapore’s industrial land sector even at modestly sized sites like Plot 3. CK Toh Construction’s measured bid suggests a nuanced approach: securing valuable land for future-ready industrial facilities, while avoiding aggressive overbidding. As the company advances its project plans, the Jalan Papan site may well become a showcase of efficient, forward-looking industrial development.
