BHCC HOLDING's subsidiary BHCC Project 2, along with other bidders, jointly submitted a tender to lease land in Singapore for industrial development
BHCC HOLDING announced that its wholly-owned subsidiary BHCC Project 2, along with other bidders, has submitted a tender to the Singapore Land Authority for industrial development. A bid deposit of approximately SGD 3 million has been paid, which will be used to cover part of the bid price if successful. The site is located at Tukang Innovation Drive in Singapore, covering an area of approximately 18,722.2 square meters, surrounded by well-established industrial and residential areas with convenient transportation. The company is optimistic about the success of the bid, believing that this move will help expand and diversify its real estate development portfolio
According to the announcement from BHCC HOLDING (01552), on September 9, 2025, the company's indirectly wholly-owned subsidiary BHCC Project 2, along with other bidders, jointly submitted a tender to lease land in Singapore for industrial development. According to the bidding conditions, a bid deposit (including BHCC's deposit of approximately SGD 3 million, equivalent to about HKD 18 million) has been paid to the tenderer, which is not less than 5% of the bid price. If the bid is accepted, the bid deposit will be used to pay part of the bid price; if the bid is not accepted, the bid deposit will be refunded to the bidder upon the expiration of the bid validity period or before, that is, on the last day of the ten weeks after the bid validity period expires or any extended period notified by the tenderer.
Before paying the bid deposit, BHCC Project 2 signed a pre-bid agreement with other bidders, which involves (among other things) the intention to jointly submit the bid and establish a joint venture after the bid is accepted, including leasing and developing the land.
The announcement stated that the land is a plot located at Tukang Innovation Drive (Plot B) in Singapore, designated for industrial business development, covering an area of approximately 18,722.2 square meters.
To develop the group's property development division, the group intends to continue exploring public land tenders and/or joint venture projects for different uses (including residential, industrial, and commercial projects) to further expand and diversify its property development portfolio. The group believes that the plot is adjacent to well-established industrial and residential areas, including Jurong East and Clementi, with good development prospects. The plot is close to recreational and retail facilities, with convenient transportation, easily accessible to the Ayer Rajah Expressway, Ahmad Ibrahim Road, major thoroughfares, and nearby MRT stations such as Jurong East, Boon Lay, and Pioneer, as well as future MRT stations like Tukang and Jurong Hill. The company is optimistic that if the bid is successful, acquiring the plot will allow the company to strengthen its property development division and diversify its property development portfolio
