Henderson senior co-living site and Scotts Road heritage bungalows awarded to TS Group-Tap JV and Heritage At Scotts respectively

SINGAPORE (EDGEPROP) - The Singapore Land Authority (SLA) recently awarded tenders for two sites on Henderson Road and Scotts Road. The tender for the site at 98 Henderson Road was awarded to a joint venture (JV) between dormitory and accommodation provider TS Group and co-living operator The Assembly Place (TAP). The JV will develop the site into a senior co-living accommodation in collaboration with Crawfurd Silver Care, the geriatric arm of Crawfurd Hospital. Read also: SLA launches sale of Tanjong Katong Complex in Concept-Price public tender Advertisement Advertisement The tender includes an initial four-year lease, with the option to extend for a second three-year term. SLA launched the price-quality tender for the state-owned properties in June, inviting interested parties to submit senior co-living proposals to rejuvenate them. The tender closed in August with six bids. The JV’s winning bid of $102,888 per month (pm) is 25.5% higher than the second-highest bid of $82,000 pm submitted by Eco Energy, a construction and property development company. Other bids came from ISG Marketplace ($73,000 pm), Red Crowns Senior Living ($56,000 pm), Viplas Engineering ($28,800 pm), and Samwoh Corporation ($21,889 pm). The property was formerly a student hostel operated by Yo:ha, a Singapore-based student hostel and accommodation operator. The 77,551 sq ft Henderson Road site comprises a four-storey building, another single-storey building, and a guardhouse. It also has eight parking spaces. The site has a total gross floor area of about 40,361 sq ft. According to a Nov 18 LinkedIn post by SLA, the Henderson Road site will have fitted apartment units, sports and recreational facilities, and hobby-focused spaces and programmes. Read also: SLA awards tenders for Dempsey Road properties to Power Moves and Florte Design Advertisement Advertisement SLA adds that it is currently exploring the adaptive reuse of more asset classes of state properties for differentiated co-living environments, including a potential site comprising a cluster of heritage bungalows at Admiralty. Meanwhile, the site of three single-storey heritage bungalows at 31, 31A, and 33 Scotts Road was awarded to Heritage At Scotts, a company that curates and manages select F&B brands in Singapore. The company had submitted the sole monthly rental bid of $50,000 at the close of the price-quality tender on Aug 7. The tender for the trio of colonial-era bungalows was launched on June 14 in collaboration with the Singapore Tourism Board. The tender is for a creative lifestyle concept, such as experiential retail, F&B, wellness, or beauty concepts. The three bungalows sit on a 36,670 sq ft plot fronting Scotts Road and have a total gross floor area of about 11,410 sq ft. The properties have 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 combine Heritage At Scotts’ existing offerings to form a larger lifestyle enclave. The integrated compound will include a dedicated walkway linking the various properties and landscaped social spaces. Read also: In Apac’s living sector, Singapore’s co-living gain investor interest: CBRE Advertisement Advertisement