Five blocks of flats in Tiong Bahru have been given a facelift, and they will be rented out to expatriates and foreign students.
The rental for the units can cost up to S$4,500 a month. The flats are over 50 years old and are believed to be among the first to be built in Singapore.
Katong Hostel successfully won the HDB tender to rent out the 120 available units.
It invested S$3 million to renovate them with a contemporary design, but it decided to preserve the exterior by using just a fresh coat of paint.
The original tenants have moved out under a redevelopment scheme.
The flats will be ready by March next year.
Half of them are three-room flats while the rest are four-room units.
Katong Hostel said it is charging a high rental rate because it is providing better services such as housekeeping, full security and free wireless services.
Joyce Sim, General Manager, Katong Hostel, said, "We will have our maintenance personnel and operation personnel over here… so basically within the whole premises...cleanliness, hygiene or even the basic kind of operation will be all done by our operation team, and we have actually set up a 24-hour office, and our security checkpoint." - CNA/ms
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