InfoAnda - SLA says demand for land to build schools remains healthy

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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: SLA says demand for land to build schools remains healthy Channel NewsAsia - Tuesday, December 2 SINGAPORE: The demand for land to build schools has remained healthy, with seven bids received for a piece of land at Upper Bukit Timah. The Singapore Land Authority (SLA) said that of the seven bids for the former Seh Chuan High School, four were fairly strong bids above the guide rent of S$73,100 per month. The highest bid was from Dimensions Commercial School Pte Ltd, and some of the other bidders were existing SLA tenants like Etonhouse International Holdings and Chatsworth International School Pte Ltd. The property on 9—3 Jalan Seh Chuan has a gross floor area of about 4,222 square metres, and was offered for tender in October for use as a commercial or foreign system school on a three—year tenancy, with an option to renew two further terms of three years each. SLA’s director of Land Operations, Teo Cher Hian, noted that those in the education business take a longer view and react less to short—term fluctuations. He added that this sector has remained active with strong bids. So far this year, the SLA has awarded 11 properties, with education as one of the approved uses. That is 50 per cent more than the same period last year. The authority has also launched another former school site at 375 Race Course Road under its "Ideas Tender Scheme". This means that bidders can suggest other innovative uses for the property which used to house Mee Toh School. — 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 Cargo flights resume from Bangkok intl airportReuters - 12 minutes ago CORRECTED - CORRECTED-UPDATE 2-Temasek sells food firm to Singapore Air unitReuters - 42 minutes ago S’pore Business Federation, NKorea sign MOU to spur investmentsChannel NewsAsia - 43 minutes ago S’pore, North Korea sign Investment Guarantee AgreementChannel NewsAsia - 44 minutes ago Mitsubishi Elec wins $131mln SingTel satellite dealReuters - 46 minutes ago Enlarge Photo SLA says demand for land to build schools remains healthy Most Popular – Singapore Viewed Wall Street plunges as recession becomes reality World AIDS Day highlights big challenges 20 years on Love handles increase death risk: study Saudi king says 75 dollar oil price 'fair' World's oldest person dies at 115 years View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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