Thursday, February 5, 2009

Former School Put Up For Rent

Source : The Business Times, February 5, 2009

The Singapore Land Authority (SLA) has launched the former Siglap Primary School for rent by public tender.

The 2,258 sq m property at 10 LaSalle St has a guide rent of $42,900, which works out to $1.77 psf.

Approved uses for the site include commercial, privately funded and foreign schools, arts/dance/ drama studios and child- care or kindergarten.

SLA has received enquiries from 10 interested parties. The director of its land operations (private) division, Teo Cher Hian, said: 'Based on the favourable response to our recent tenders for sites with a commercial school as an approved use, we have reason to believe this site will be similarly well received, despite current economic conditions.'

Last year, two properties were awarded for education-related use. And in 2007, eight properties were awarded for such use.

Schools that have rented from SLA include Dimensions Commercial School, Westminster Unicampus, EASB Institute of Management, JCU Singapore, Canadian International School and Curtin University.

In January, Cambridge Institute put in the top bid for the former Mee Toh School in Race Course Road. It hopes to use the building to conduct diploma and tertiary courses.

Siglap Primary School is being offered on a three- year lease with an option to renew for a further three years, then a further two years.

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