InfoAnda - HDB calls for tender for wet market at Sengkang Square

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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Government Education Search Search: HDB calls for tender for wet market at Sengkang Square Channel NewsAsia - 2 hours 52 minutes ago SINGAPORE: The Housing and Development Board (HDB) has reinstated the practice of building wet markets. But for the first time, private developers will be responsible for building them. Come 2010, a wet market and hawker centre development is going to be located at Sengkang Square. HDB is inviting tender, which will close on February 17 next year, for a 6,000 sqm site. HDB stopped building wet markets four years ago due to changing lifestyles of Singaporeans and the presence of large supermarkets selling fresh produce. But according to feedback from a public forum, wet markets help to promote community bonding and strengthen local identity. Private developers have been given the task to build these markets because they are deemed to be able to react faster to changes in market trends. Even though there are currently no privately built markets in Singapore, there are privately run markets such as Tampines Mart, Rivervale Plaza and Yew Tee Shopping Centre. The tenure for the Sengkang site is an initial term of five years, with an option for a second term of five years, and a further option for a third term. Nicholas Mak, director, Consultancy & Research, Knight Frank, said: "As the development itself is not very large, we don’t expect the big developers to participate. We are more likely going to see small developers or contractor companies that have some development experience bidding for the land. "For the operations side, if the company is not very experienced in it, they can always look for real estate professionals to manage that site." However, with the private sector coming in, some residents are concerned that goods sold may be more expensive as sellers will likely be charged higher rent. — CNA/so Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Singapore 173 people trapped on Singapore observation wheelAP - 22 minutes ago Over 100 stranded on giant Singapore ferris wheelReuters - 51 minutes ago Trapped wheel passengers abseil to safety: witnessesAFP - 1 hour 22 minutes ago SAF introduces new Specialist Cadet rank for traineesChannel NewsAsia - 1 hour 51 minutes ago Over 100 people trapped in Singapore FlyerChannel NewsAsia - 1 hour 41 minutes ago Enlarge Photo HDB calls for tender for wet market at Sengkang Square Most Popular – Singapore Viewed US economy shrinks as IMF warns of Great Depression Quake zone hero pig named China's animal of the year Weak sales could topple US carmakers despite bailout Two Chinese giant pandas head for Taiwan Actress Jennifer Aniston appears naked in GQ magazine View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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