SLA awards tenders for Dempsey Road properties to Power Moves and Florte Design
The units at 13 Dempsey Road take up an approximated land area of 5,423 sq ft and have a GFA of about 4,905 sq ft.
Florte Design’s bid of $17,904 pm represented the third highest rate bid got for the real estate. Nevertheless, it had the greatest bundled score based on both price (which carried a 40% weightage) and quality (60% weightage).
Florte Design aims to open up a marketplace for retail floral and life-style merchandise on the place with an all-day cafeteria offering floral-infused beverages. The real estate will even include a physical fitness center and a versatile event space-cum-photo studio with flower arrangements.
On top of that, Florte Design plans to work with local artists, musicians and neighboring services to deliver cross-promotional functions and foster group involvement.
She includes that the higher weightage of the premium component in recent tenders at Dempsey is a testament to SLA’s efforts in pursuing concepts that will infuse dynamics to the district.
Power Moves succeeded the tender for 13 Dempsey Road (# 01-05 and # 01-07) and 13A Dempsey Street. The estates, that are accepted for wellness and fitness purpose, take up an acreage of 9,657 sq ft and have a combined projected gross floor area (GFA) of 8,783 sq ft.
The Singapore Land Authority (SLA) had started both tenders between March and April, pursuing to even more enhance Dempsey’s reputation as an unique lifestyle and wellness enclave.
“Our initiatives to present new artistic ideas to Dempsey are starting off to materialize,” claims Carrie Wong, director of business planning and property development branch at SLA.
Curio Home Accents submitted the optimum cost quote of $40,000 pm. Additional bidders consist of 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).
Power Moves is a pilates center that currently operates at Novena Specialist Centre. The center sent a quote of $41,200 per month (pm), defeating four many other bids for the site.
Power Moves’ quote of $41,200 pm represents a 8.4% premium over the next highest bid of $38,000 pm that was submitted by Lotusonwater Feng Shui. Various bidders include Theta Collective ($22,000 pm), The Smok Hous ($13,777 pm) and Center Solutions ($7,007 pm).
The Singapore Land Authority (SLA) and Singapore Tourism Board (STB) have allocated two particular tenders for real properties along Dempsey Roadway. Both tenders include a starting five-year rent, with the possibility to prolong for an additional term of four years.
The tenders for both sites closed on May 29 and were assessed based on price and quality aspects.
SLA awarded a different tender for 13 Dempsey Road (# 01-01, # 01-02 and # 01-06) to Florte Design. The company operates native flower shop The Florté. It beat 7 other tender proposals for the real estate, that is approved for creative lifestyle usages.
Power Moves’ proposition consists of centers like a pilates studio, aesthetic center, a coffee shop, and rooms providing nutritional counselling and other wellness-based services. The studio will also deliver neighborhood initiatives like outdoor fitness and mindfulness classes, walkathons and concept pop-up functions to attract crowds.