Singapore Land Authority (SLA) has recently launched a tender for a group of twenty heritage bungalows in Sembawang. These properties, which have a leasehold of five years and an option for extension of four years, are up for grabs.
These two-storey black-and-white bungalows, located along Admiralty Road East, Falkland Road, Auckland Road West and Fiji Road, have a rich history dating back to the 1920s and 1930s. With a total area of 245,300 sq ft, the bungalows offer a combined estimated gross floor area of 94,945 sq ft.
The bungalows are open for lease with the purpose of being used as serviced apartments, catering to multi-generational and senior co-living concepts. F&B and retail use are also permitted, as long as the gross floor area does not exceed 9,580 sq ft. The minimum stay for a serviced apartment is one week.
In addition, SLA will evaluate bids based on a price-quality basis. The tender will close on June 11 at 11am and the award of the site is expected to be announced in October.
With the recent trend of repurposing state properties, SLA’s move to offer these heritage bungalows for lease is not surprising. Other than co-living and serviced apartments, these properties can also be utilized for pop-up events and social impact hubs, bringing a unique aspect to the area.
If you are interested in owning a piece of history and want to explore this opportunity, don’t miss the chance to submit your tender by the deadline.
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