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The conserved state property at 26, 28, 30, 32 & 36 Orchard Road has been put up for tender for commercial use, announced the Singapore Land Authority on Tuesday (2 May).
In its first-ever price and quality tender, SLA said it will assess bids for the property more holistically, with 50 percent of the overall score going to the proposed concept’s quality and the other 50 percent to the bid price.
In fact, the quality of the concept will be “a key consideration in determining the winning bid and the site may not be awarded to the operator that submits the highest bid price”.
“Awarding the tender based on a price and quality evaluation serves to support diversified and creative use of state properties and the introduction of new business concepts,” it said.
Built after World War I, the property was gazetted for conservation in November 2000 due to its rich and diverse architectural style. It has a land area of 835 sq m and a gross floor area of 2,334.20 sq m.
With a three-plus-three-plus-three years tenancy, the property can be transformed into a commercial school, indoor sports facility, office, or medical clinic, among others.
“Strategically, the move towards price and quality tenders marks SLA’s progression as a dynamic master-planner for the interim use of state properties and land. Recognising the changing times and environmental needs, we hope to be able to provide an expanded range of use for state properties and to encourage greater entrepreneurship,” said SLA deputy director of business planning and development Yap Eai-Sy.
The tender for the property will close on 13 June.
This article was edited by Denise Djong.
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