Henderson Senior Co Living Site And Scotts Road Heritage Bungalows Awarded Ts Group Tap Jv And
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Singapore Land Authority (SLA) has recently awarded tenders for two sites located at Henderson Road and Scotts Road. The tender for the site at 98 Henderson Road was awarded to a joint venture (JV) between TS Group, a dormitory and accommodation provider, and The Assembly Place (TAP), a co-living operator. The JV will develop the site into a senior co-living accommodation in partnership with Crawfurd Silver Care, the geriatric arm of Crawfurd Hospital.
The tender, which launched in June, invited interested parties to submit senior co-living proposals to revitalize the state-owned properties. After receiving six bids, the JV’s proposal was selected. The winning bid of $102,888 per month is 25.5% higher than the second-highest bid of $82,000 pm from Eco Energy, a construction and property development company. Other bids came from ISG Marketplace, Red Crowns Senior Living, Viplas Engineering, and Samwoh Corporation.
Previously operated as a student hostel by Yo:ha, the 77,551 sq ft Henderson Road site includes a four-storey building, a single-storey building, and a guardhouse. It also has eight parking spaces and a total gross floor area of about 40,361 sq ft. According to a Nov 18 LinkedIn post by SLA, the site will feature fitted apartment units, sports and recreational facilities, as well as hobby-focused spaces and programmes. SLA also mentioned that they are exploring the adaptive reuse of more asset classes of state properties for different senior co-living environments, including a potential site comprising a cluster of heritage bungalows at Admiralty.
In addition, the tender for the site of three single-storey heritage bungalows at 31, 31A, and 33 Scotts Road was awarded to Heritage At Scotts, a company that curates and manages select F&B brands in Singapore. The company submitted the sole monthly rental bid of $50,000 during the price-quality tender on Aug 7. The tender, launched on June 14 in collaboration with the Singapore Tourism Board, is for a creative lifestyle concept such as experiential retail, F&B, wellness, or beauty concepts.
The trio of colonial-era bungalows, occupying a 36,670 sq ft plot along Scotts Road, have a total gross floor area of about 11,410 sq ft. The properties have a five-year tenure, with the option to extend for another four years. According to SLA, Heritage At Scotts currently operates lifestyle offerings within neighboring black-and-white bungalows at 27, 29, 35, and 35A Scotts Road. The bungalows at 31, 31A, and 33 Scotts Road will be combined with Heritage At Scotts’ current offerings to form a larger lifestyle enclave, including a dedicated walkway and landscaped social spaces.