SLA awards tenders for Dempsey Road properties to Power Moves and Florte Design
SLA granted a different tender for 13 Dempsey Roadway (# 01-01, # 01-02 and # 01-06) to Florte Design. The company manages native flower center The Florté. It defeated 7 various other tender quotes for the property, that is approved for creative lifestyle uses.
She includes that the higher weightage of the premium component in current tenders at Dempsey is a testament to SLA’s efforts in pursuing ideas that will definitely inject dynamics to the precinct.
The Singapore Land Authority (SLA) and Singapore Tourism Board (STB) have awarded 2 particular tenders for properties throughout Dempsey Roadway. Both tenders come with a first five-year rent, with the choice to expand for a second term of four years.
The units at 13 Dempsey Roadway utilize a projected land area of 5,423 sq ft and have a GFA of about 4,905 sq ft.
Curio Home Accents provided the best price proposal of $40,000 pm. Other bidders include Lotusonwater Feng Shui ($21,700 pm), Maywell Lifestyles ($13,244 pm), V-Zug Singapore ($12,500 pm), Elliott’s Antiques ($12,000 pm), Estudio Technologies ($10,800 pm) and Petizen ($5,000 pm).
“Our initiatives to launch brand-new creative ideas to Dempsey are beginning to materialize,” states Carrie Wong, director of business planning and property development division at SLA.
Power Moves’ proposal includes establishments like a pilates center, beauty centre, a café, and areas providing health coaching and many other wellness-based services. The center is going to also deliver community initiatives such as outdoor exercise and meditation courses, walkathons and concept pop-up functions to draw audiences.
Florte Design’s bid of $17,904 pm represented the 3rd highest cost bid got for the real estate. However, it had the greatest mixed score based on both price (which brought a 40% weightage) and quality (60% weightage).
Power Moves gained the tender for 13 Dempsey Roadway (# 01-05 and # 01-07) and 13A Dempsey Street. The estates, that are authorized for wellness and training utilization, occupy an acreage of 9,657 sq ft and have a combined projected gross floor area (GFA) of 8,783 sq ft.
The tenders for both spots finalized on May 29 and were assessed based upon price and premium aspects.
Power Moves’ quote of $41,200 pm represents a 8.4% premium over the next highest possible bid of $38,000 pm that was submitted by Lotusonwater Feng Shui. Other bidders involve Theta Collective ($22,000 pm), The Smok Hous ($13,777 pm) and Hub Solutions ($7,007 pm).
The Singapore Land Authority (SLA) had already started both tenders between March and April, getting to further enhance Dempsey’s track record as an one-of-a-kind lifestyle and health surround.
Furthermore, Florte Design intends to work with local area artists, performers and nearby services to deliver cross-promotional functions and foster local interaction.
Florte Design intends to open up a market place for retail flower and lifestyle merchandise on the site with an all-day coffee shop offering floral-infused drinks. The real estate is going to in addition include a fitness shop and a versatile event space-cum-photo salon with floral arrangements.
Power Moves is a pilates center that at the moment runs at Novena Specialist Centre. The studio forwarded a proposal of $41,200 per month (pm), surpassing 4 many other proposals for the site.
