Singapore’s Land Authority (SLA) has recently announced the awarding of tenders to develop two sites on Henderson Road and Scotts Road. The site at 98 Henderson Road will be jointly developed by dormitory and accommodation provider TS Group and co-living operator The Assembly Place (TAP) into a senior co-living accommodation in partnership with Crawfurd Silver Care, the geriatric arm of Crawfurd Hospital.
The tender, which closed in August, invited interested parties to submit proposals to rejuvenate state-owned properties for senior co-living purposes. The winning bid by TS Group and TAP was $102,888 per month (pm), 25.5% higher than the second-highest bid of $82,000 pm from construction and property development company Eco Energy. Other bids were also submitted by ISG Marketplace, Red Crowns Senior Living, Viplas Engineering, and Samwoh Corporation.
The Henderson Road site, which was previously a student hostel, comprises of a four-storey building, a single-storey building, and a guardhouse with a total gross floor area of about 40,361 sq ft. According to SLA, the site will feature fitted apartment units, sports and recreational facilities, as well as hobby-focused spaces and programmes.
In addition to this, SLA is also exploring the adaptive reuse of other state properties for differentiated co-living environments. This includes a potential site at Admiralty that consists of a cluster of heritage bungalows.
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Meanwhile, the site of three single-storey heritage bungalows at 31, 31A, and 33 Scotts Road has been awarded to Heritage At Scotts, a company that curates and manages select F&B brands in Singapore. The company submitted the sole monthly rental bid of $50,000 at the close of the tender on August 7. The three bungalows, which have a total gross floor area of about 11,410 sq ft, will be developed into a creative lifestyle concept such as experiential retail, F&B, wellness, or beauty concepts.
The tender for the trio of colonial-era bungalows was launched in collaboration with the Singapore Tourism Board and has 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 be combined with existing offerings to form a larger lifestyle enclave, complete with a dedicated walkway and landscaped social spaces. SLA also mentions that Heritage At Scotts may look into creating a co-living space in the future.