Source : Channel NewsAsia - 13 Jan 2009
The tender for the former Mee Toh School on No.375 Race Course Road has attracted an overwhelming 20 bids.
The Singapore Land Authority (SLA) put the land up for tender under the “Ideas Tender Scheme” last month. Under the scheme, bidders are allowed to submit alternative bids for innovative uses for the property.
The 20 bids were by 14 bidders and Cambridge Institute Pte Ltd had the highest bid of S$103,998, which was S$34,600 more than the guide rent.
The property, with a gross floor area (GFA) of 2,650 square metres, has been approved for a range of uses - such as food and beverage or a private school - but bidders are allowed to submit other innovative uses under the scheme.
Meanwhile, the SLA launched on Tuesday another former school at No.3 Hu Ching Road for open tender with a guide rental of S$61,200.
It said it has already received 12 enquiries about this property.
Another property - the former Seh Chuan High School at 9-3 Jalan Seh Chuan - has been awarded to Dimensions Commercial School for a S$90,058 bid. Dimensions is planning to use it to expand the hospitality faculty of its campus.
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