A tender to develop Blocks 17 and 18 Dempsey Road was conducted by the Singapore Tourism Board (STB) and Singapore Land Authority (SLA) on Thursday (Aug 13).
The two blocks, within the Dempsey cluster of Tanglin Village, will be developed for retail and food and beverage (F&B) use, and the joint effort between both agencies aims to “strengthen the Tanglin Village’s position as a unique lifestyle enclave and encourage the development of interesting lifestyle concepts”. the joint press release said.
Currently, Block 18 houses retail and F&B outlets and its tenancy expires on Feb 29, 2016, while Block 17 is vacant, said SLA.
SLA will adopt the Price and Quality evaluation format to conduct the tender, with 40 per cent of the overall score for the bid price and 60 per cent for the quality of the concept. This means the site may not be awarded to the operator that submits the highest bid price. Rather, the quality of the proposed concept will be a key consideration in determining the winning bid, the press release said. The tender closes on Sep 15.
Mr Lee Seng Lai, Director of Land Operations (Private) Division at SLA, said: “The introduction of the Price and Quality tender will help bolster Tanglin Village’s unique character and charm as a popular lifestyle enclave for all Singaporeans.”
This is the first time the Price and Quality evaluation format is being used for commercial and F&B use, SLA told Channel NewsAsia. This follows the 2013 announcement when such a tender evaluation format was used to assess bids put in by child care and kindergarten operators for state-owned properties.
Mr Desmond Sim, head of research at CBRE, said: “Traditionally, if you look at these two blocks, it is the gateway to Dempsey, because it is the first two blocks you will encounter when you move into Peirce Road. So, definitely a good dining concept would definitely be accepted. And of course, any new concept on retail will never be shown the door. It will definitely be accepted as well.”
Source : Channel NewsAsia – 14 Aug 2015