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Tiong Seng Holding’s construction arm Tiong Seng Contractors has been awarded the S$277.3 million contract to develop JTC Space @ Tuas, the firm announced in an SGX filing Wednesday (1 July).
Awarded via an open tender by JTC Corporation, the contract will see Tiong Seng develop JTC Space @ Tuas, a first-of-its kind facility that integrates various factory types comprising seven land-based factories, 36 ramp-up and 95 flatted factories across two 10-storey blocks and three 9-storey blocks that cater to a range of heavy and light manufacturing industries such as oil and gas, precision engineering and general manufacturing.
Located at Tuas Avenue 1, JTC Space @ Tuas will also feature supporting facilities such as a Heavy Vehicle Park, an amenity centre, and a workers’ dormitory.
“By housing companies along the manufacturing value chain within an integrated development, JTC Space @ Tuas will encourage collaboration between companies, increase their productivity and operational efficiencies while addressing their operational needs at the same time,” said Tiong Seng Holdings CEO Pek Lian Guan.
The construction of JTC Space @ Tuas will commence in mid-July, and is expected to be completed in 2017. This will increase the company’s order book to approximately S$1.5 billion, extending to 2020
Image: Artist’s impression of JTC Space @ Tuas. (Source: JTC Corporation)
Nikki De Guzman, Editor at CommercialGuru, wrote this story. To contact her about this or other stories email nikki@propertyguru.com.sg
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