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AS part of its efforts to increase the supply of office space, the Singapore Land Authority (SLA) said it has awarded the tender for three state properties to be rented out.The property at 3 Shan Road, formerly Moulmein Community Centre, has been awarded to Phillip Securities Pte Ltd, which won the bid at $35,000 a month. Phillip is planning to set up an investor centre at the site. The tenancy is for three years and renewable on terms up to 2016.
The former CPIB building at Cantonment Road is awarded to Bravo Building Construction Pte Ltd, which put in the highest bid price of $91,731 a month.
The property development firm plans to spend $3 million to refurbish the property and transform it into an environmentally friendly building. It will also allow those with physical disabilities to get around more easily.
The SLA also awarded another former government building in Pearl's Hill Terrace. What used to be the former CID Training Centre will be leased to Hean Nerng Warehousing Pte Ltd at $5,300 monthly.
Since the beginning of this year, the SLA has pushed out 13 properties for office use only.
The latest award brings the total estimated gross floor area for office use added by SLA this year to about 90,000 sq m.
More office space will be added over the next few months as more state properties are being offered. They include the property at 169 Sims Avenue, former Pei Chun Public School in Lorong 6 Toa Payoh; former ITE Balestier and Kim Keat Camp in Jalan Rajah, and the former Haig Boys' School in Mountbatten Road.
Tenders have opened for the first and second properties. The tenders for the other separate sites are being evaluated.
SLA director of land operations Simon Ong said: 'Financial institutions should find our state properties suitable for their needs as they are well-located, of the right size, easily adaptable and most importantly, at relatively affordable rentals.'
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