Singapore’s Land Authority (SLA) has recently awarded tenders for two sites on Henderson Road and Scotts Road. The site at 98 Henderson Road was awarded to a joint venture between dormitory and accommodation provider TS Group and co-living operator The Assembly Place (TAP). The JV plans to develop the site into a senior co-living accommodation in partnership 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.
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The price-quality tender for the state-owned properties was launched by SLA in June, inviting interested parties to submit senior co-living proposals to rejuvenate them. The tender closed in August with six bids, and the JV’s bid of $102,888 per month was 25.5% higher than the second-highest bid of $82,000 submitted by Eco Energy. Other bids came from ISG Marketplace, Red Crowns Senior Living, Viplas Engineering, and Samwoh Corporation.
The site was previously a student hostel operated by Yo:ha, and it comprises a four-storey building, a single-storey building, and a guardhouse over a total land area of 77,551 sq ft. The JV plans to fit the apartment units with sports and recreational facilities as well as hobby-focused spaces and programmes, according to SLA’s LinkedIn post on Nov 18.
In addition, SLA is exploring the adaptive reuse of more state properties for differentiated co-living environments. This includes a potential site with a cluster of heritage bungalows at Admiralty.
Meanwhile, the three single-storey heritage bungalows at 31, 31A, and 33 Scotts Road were awarded to Heritage At Scotts, a company that curates and manages F&B brands in Singapore. The company was the only one to submit a monthly rental bid of $50,000 at the close of the price-quality tender on Aug 7. The tender for the trio of bungalows, launched on June 14 in collaboration with the Singapore Tourism Board, seeks a creative lifestyle concept such as experiential retail, F&B, wellness, or beauty concepts.
The bungalows, with a total land area of 36,670 sq ft, have a five-year tenure with the option to extend for another four years. 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 be integrated with existing offerings to form a larger lifestyle enclave. The compound will include a dedicated walkway linking the various properties and landscaped social spaces.