---
title: "Boustead wins over $100m Tukang industrial contract"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/281439544.md"
description: "Boustead Projects has secured a contract exceeding $100m for a 10-storey industrial development at Tukang Innovation Drive, Singapore. This project, a joint venture with Lian Beng Group, will create over 260 industrial units and is expected to be completed in 24 months. The contract increases Boustead's engineering backlog to $566m, but is not anticipated to significantly impact profitability or earnings for the financial year ending March 2026."
datetime: "2026-04-02T00:30:52.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/281439544.md)
  - [en](https://longbridge.com/en/news/281439544.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/281439544.md)
---

# Boustead wins over $100m Tukang industrial contract

**Project lifts engineering backlog to $566m.**

Boustead Projects has secured an engineering and construction contract worth more than $100m to build a 10-storey ramp-up industrial development at Tukang Innovation Drive in Singapore.

The Business 2 project sits under a 50:50 joint venture between Boustead Projects’ subsidiary, BP-Innovue, and Lian Beng Group’s subsidiary, SLB Development, which won the JTC land tender announced in May 2025.

The completed development will house more than 260 strata-titled industrial units designed for heavy industrial operations across an 18,687 square meter (sq m) site with an allowable gross floor area of 46,717.5 sq m.

It is planned as a multi-user facility with dedicated heavy vehicle parking and is expected to be completed within 24 months.

Boustead said the contract raised the Real Estate Solutions Division’s order backlog to $402m and the group’s engineering order backlog to $566m.

The company added that the contract is not expected to have a positive material impact on profitability, earnings per share, and tangible net asset value per share for the financial year ending 31 March 2026.

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