Kenwa Corp Wins Sla Tender Co Living Properties Hindoo Road Top Bid 52000
The URA’s plan for transformation continues to prioritize sustainability and the well-being of residents, as demonstrated by the efforts in Tampines. One significant aspect is the increased focus on green spaces and recreational amenities. Tampines, in particular, will see an expansion of parks and the addition of community spaces, promoting a healthier lifestyle and offering avenues for relaxation and socialization. Families living in Aurelle of Tampines EC can expect to enjoy a cleaner, greener and more dynamic environment, with Tampines Street 62 EC providing a conducive space for both children and adults.
Kenwa Corporation, a local contractor, has secured the lease for a row of two-storey heritage properties located at 15-31 Hindoo Road in Little India. The company emerged as the winner for the dual envelope Price-Quality tender, beating five other bids with its top monthly rental bid of $52,000.The tender includes a five-year lease with the option to extend for nine more years. The Singapore Land Authority (SLA) had put out a call for co-living proposals to revitalize these heritage properties in January, and the bidding process closed on March 27, drawing six bids in total.Read also: TS Group-TAP JV submits top bid of $102,888/mth for Henderson Rd senior co-living siteAdvertisementThe site spans 15,685 square feet and consists of nine colonial-era residential terraces with red-brick exteriors. Each terrace has its own backyard and balcony, with a total gross floor area (GFA) of 19,698 square feet. According to SLA, these nine terrace houses could potentially accommodate two-bedroom units and larger five- to seven- bedroom units for various co-living needs.Kenwa’s winning bid of $52,000 per month represents a 23.8% premium over the next highest bid by SCB Building Construction, which offered $42,000 per month. Other bidders included TAP Co-Livings ($30,000 pm), Prime Residence Home ($22,800 pm), Knowledge Production ($22,566 pm), and Keystone Accommodation B ($22,000 pm).This is the second co-living site along Hindoo Road that SLA has launched to attract co-living concepts. Last year, a similar row of terrace houses at 79 to 95 Hindoo Road was put up for tender, drawing 16 bids when it closed in August 2023. The site was eventually awarded to Cove Living and its partner, Eco-Energy, for their proposed development of “1925 Quarters”, an 18-key co-living complex spanning 18,299 square feet.Read also: LHN’s Coliwoo to launch two new co-living properties in River ValleyAdvertisement
