The land parcel is under the Industrial Government Land Sales Programme (IGLS), the first to be awarded with an additional three years of lease making the total lease tenure 33-years. It was launched in December 2024.
Boustead Singapore’s real estate solutions division has been awarded the tender to develop the Tukang Innovation Drive Plot A by JTC Corporation, together with its joint venture partners.
Boustead’s real estate division, known as BP-Innovue, will be providing development management services to deliver the project with its joint venture partners. This is the first project that has been secured since Boustead and Unified Industrial’s formation of the platform UIB.
