Source : The Business Times, April 9, 2008
EM Services Pte Ltd, a property management services company, yesterday emerged as the top bidder in a Housing & Development Board (HDB) tender to lease out 126 units of HDB flats at Commonwealth Drive.
EM Services offered $180,810 a month for a 3+3 years tenancy.
Its bid was 30.2 per cent higher than the next highest bid of $138,888 a month by Hean Nerng Holdings.
The tender, which HDB called on Feb 26, attracted 13 bids, with $37,800 a month being the lowest.
The three-room flats are located in Blocks 57, 61, and 67 to 73 of Commonwealth Drive.
Based on information on EM Services’ website, the company is a joint venture between HDB and Keppel Land Limited.
HDB is expected to make a decision in the next three weeks.
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