>

>

Cover Projects awarded tender for heritage building at 26 Evans Road

By Nur Hikmah Md Ali

/ EdgeProp Singapore |

January 30, 2024 5:50 PM SGT

The property at 26 Evans Road sits on a 153,821 sq ft site (Photo: SLA)

Join our Telegram channel and follow our Facebook for the latest update.

The Singapore Land Authority (SLA) has awarded the tender for the state-owned property at 26 Evans Road to local hospitality management turnkey solutions provider Cover Projects.

The tender for the refurbishment and repurposing of the conserved property for various uses, such as serviced apartments, students' hostels, offices or F&B use, was launched on Aug 16 last year. SLA encouraged co-living concepts when it launched the tender for the Evans Road property, which will be for a lease period of 5+4 years.

A total of 25 bids ranging from $63,000 a month to $319,000 a month were received at the close of the tender on Oct 12. Local construction company Samwoh Corp submitted the highest bid of $319,000 per month.

Read also: Grandson of Genting Group founder leads Cover Projects, carves niche in Singapore’s heritage properties

Other bids came from established co-living operators LHN Group, which launched the Coliwoo brand and The Assembly Place, which submitted bids of $165,000 and $168,000, respectively.

The tender was evaluated based on price and quality aspects, with the successful bidder selected based on the highest combined score. Even though Cover Projects had submitted the second-highest bid of $265,000 a month, it was awarded the tender for the project.

The property at 26 Evans Road sits on a sprawling site of about 153,821 sq ft. It's located off Bukit Timah and within walking distance of the Singapore Botanic Gardens. On the site are several buildings, comprising two 3-storey buildings, another two 2-storey buildings and four single-storey buildings. They have a combined estimated gross floor area of about 69,593 sq ft. There are 56 surface parking spaces for cars.

Tags:

Follow Us

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

Far East Shopping Centre’s $908 mil en bloc deal aborted

2

World’s largest Mercure Hotel opens on Club Street

3

Grandson of Genting Group founder leads Cover Projects, carves niche in Singapore’s heritage properties

4

The Residences at W Singapore Sentosa Cove relaunches at prices from $1,648 psf, 40% below the peak

5

Residential transactions with contracts dated March 26 to April 2 [DONE DEALS]

Our Site

Follow Us

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.

View More

Close Ad

00:00