CTR Holdings wins Singapore industrial land tender for SGD 52.79 million

• CTR Holdings won a tender for a 33-year land lease in Kaki Bukit, Singapore, for SGD 52.79 million, excluding GST.
• JTC accepted the tender on August 19, 2026; shareholders will vote on the transaction on November 12, 2026.
• The proposed 18,412-square-meter development would consolidate headquarters, storage facilities and worker accommodation, with construction estimated to cost SGD 50 million.
• Total land and construction costs are estimated at SGD 102.79 million, with construction and fit-out expected to take two years.
• Internal resources and new bank financing, where available, will fund the land premium, transaction costs and GST.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CTR Holdings Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20261023-12381093), on October 23, 2026, and is solely responsible for the information contained therein.