Soon Hock's (SGX:SHE) subsidiary, Soon Hock Property Development, obtained a partial temporary occupation permit from Singapore's Building and Construction Authority for its Stellar@Tampines industrial factory project.
Shares of the property developer were down nearly 1% in Friday trading.
The full permit is expected by March 2026, according to a Thursday filing with the Singapore Exchange.
The project consists of a nine-storey ramp-up B2 industrial factory and four units of canteens with a basement carpark.