CORPORATE REVIEW:
MANAGING OUR LAND ASSETS

NEW LEASE OF LIFE FOR STATE PROPERTIES

22 and 24 Orchard Road.

 

SLA constantly explores ways to creatively use available State properties for new and enterprising purposes. Together with the Economic Development Board (EDB), a tender was conducted to convert the former Pioneer Secondary School at 21 Jurong West Street 81 for use as a Foreign System School. Bids for the site would be holistically assessed through a price and quality evaluation format, with quality of the proposed concept as a key consideration. The State property at 5 Pasir Panjang has been successfully tendered to The Bamboo Group IV Pte Ltd and would be converted into a Co-Living Space for young professionals. SLA and EDB also assisted Hyflux to use the State property at 38C Belvedere Close as its flagship wellness centre in Singapore, which will focus on Hyflux’s Elo water and water bath facilities. Recognising the growing demand for sustainable farming, SLA has facilitated the allocation of State land at 60 Jalan Penjara for urban farming. SLA has also developed the Tanglin Village Master Plan, to revitalise the lifestyle enclave for long-term sustainability.

“Enhancing a State property is a two-way street,” says Chris Toh, who liaised between the successful tenderer of 22 and 24 Orchard Road and the authorities. “We do our best to hand-hold tenants in their onboarding and facilitate their fitting out works to ensure that their operations can commence in a timely manner.”

 

 

LANDSCAPE ENHANCEMENT

To enhance the aesthetic appeal of the vacant properties at Kheam Hock Road, SLA launched a landscape enhancement initiative for the area, which has improved the area’s marketability, resulting in 100% occupancy of the properties. Following the success of this initiative, SLA will be continuing similar works in other estates such as Tanglin and Goodwood Hill.