SINGAPORE (EDGEPROP) – The Singapore Land Authority (SLA) recently awarded tenders for two sites on Henderson Road and Scotts Road.
The tender for the site at 98 Henderson Road was awarded to a joint venture (JV) between dormitory and accommodation provider TS Group and co-living operator The Assembly Place (TAP).
The JV will develop the site into a senior co-living accommodation in collaboration with Crawfurd Silver Care, the geriatric arm of Crawfurd Hospital.
The tender includes an initial four-year lease, with the option to extend for a second three-year term.
SLA launched the price-quality tender for the state-owned properties in June, inviting interested parties to submit senior co-living proposals to rejuvenate them. The tender closed in August with six bids.
The JV’s winning bid of $102,888 per month (pm) is 25.5% higher than the second-highest bid of $82,000 pm submitted by Eco Energy, a construction and property development company.
Other bids came from ISG Marketplace ($73,000 pm), Red Crowns Senior Living ($56,000 pm), Viplas Engineering ($28,800 pm), and Samwoh Corporation ($21,889 pm).
The property was formerly a student hostel operated by Yo:ha, a Singapore-based student hostel and accommodation operator. The 77,551 sq ft Henderson Road site comprises a four-storey building, another single-storey building, and a guardhouse. It also has eight parking spaces. The site has a total gross floor area of about 40,361 sq ft.
According to a Nov 18 LinkedIn post by SLA, the Henderson Road site will have fitted apartment units, sports and recreational facilities, and hobby-focused spaces and programmes.
SLA adds that it is currently exploring the adaptive reuse of more asset classes of state properties for differentiated co-living environments, including a potential site comprising a cluster of heritage bungalows at Admiralty.
Meanwhile, the site of three single-storey heritage bungalows at 31, 31A, and 33 Scotts Road was awarded to Heritage At Scotts, a company that curates and manages select F&B brands in Singapore. The company had submitted the sole monthly rental bid of $50,000 at the close of the price-quality tender on Aug 7.
The exterior of the bungalow at 33 Scotts Road (Photo: SLA)
The tender for the trio of colonial-era bungalows was launched on June 14 in collaboration with the Singapore Tourism Board. The tender is for a creative lifestyle concept, such as experiential retail, F&B, wellness, or beauty concepts.
The three bungalows sit on a 36,670 sq ft plot fronting Scotts Road and have a total gross floor area of about 11,410 sq ft. The properties have a five-year tenure, with the option to extend for another four years.
According to SLA, Heritage At Scotts currently operates lifestyle offerings within neighbouring black-and-white bungalows at 27, 29, 35, and 35A Scotts Road.
The bungalows at 31, 31A and 33 Scotts Road will combine Heritage At Scotts’ existing offerings to form a larger lifestyle enclave. The integrated compound will include a dedicated walkway linking the various properties and landscaped social spaces.
Or, if you prefer to skip those before your piece is published, look out for a recent free write by one of Fellowship’s readers.
The article originally appeared in Beasts of a Mirror, a guide to getting your copy of all events before “Singularity” and teases the taxes of secession faded where others have been forgotten. The updated articles are available in English with a short chapter on ”Imperial Machendork Telegraph”, a slang term for The National Ku Klux Klan and also
