Source : The Business Times, Wednesday, October 10, 2007
A STATE property consisting of some old flats at Tiong Bahru Road has attracted much interest, with the highest bid of $230,280 per month coming from Katong Hostel Pte Ltd.
Blocks 1, 3, 5, 7 and 9 along Tiong Bahru Road, which together have 120 flats with a total floor area of 9,840 square metres, have been slated for residential use.
The development, which has a lease of three-plus-three years, has 60 three-room flats and 60 four-room flats.
Fifteen companies have put in bids for the properties, according to the provisional tender results.
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