SLA awards tenders for Dempsey Road properties to Power Moves and Florte Design
Florte Design’s bid of $17,904 pm represented the 3rd highest price quote obtained for the property. Nevertheless, it had the highest mixed score based on both price (which brought a 40% weightage) and quality (60% weightage).
The tenders for both sites finalized on May 29 and were assessed based on cost and premium elements.
On top of that, Florte Design means to work with local artists, performers and neighboring companies to deliver cross-promotional activities and foster group involvement.
“Our efforts to launch new artistic concepts to Dempsey are starting to form,” says Carrie Wong, director of business planning and development branch at SLA.
Power Moves’ proposal consists of establishments like a pilates studio, beauty centre, a coffee shop, and areas providing health counselling and some other wellness-based services. The studio is going to also deliver neighborhood campaigns such as outdoor work out and mindfulness courses, walkathons and concept pop-up functions to attract people.
Power Moves won the tender for 13 Dempsey Roadway (# 01-05 and # 01-07) and 13A Dempsey Road. The real estates, which are approved for health and training utilization, take up an acreage of 9,657 sq ft and have a combined estimated gross floor area (GFA) of 8,783 sq ft.
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She adds that the higher weightage of the premium component in recent tenders at Dempsey is a testament to SLA’s efforts in pursuing ideas that will definitely infuse excitement to the precinct.
SLA granted a separate tender for 13 Dempsey Road (# 01-01, # 01-02 and # 01-06) to Florte Design. The business runs native floral center The Florté. It surpassed 7 other tender bids for the real estate, that is accepted for creative lifestyle purposes.
Curio Home Accents sent the highest cost bid 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).
The units at 13 Dempsey Road take up an estimated acreage of 5,423 sq ft and have a GFA of about 4,905 sq ft.
Florte Design plans to open a market place for retail flower and lifestyle merchandise on the site with an all-day coffee shop offering floral-infused beverages. The property will even include a fitness center and a flexible event space-cum-photo salon with floral arrangements.
The Singapore Land Authority (SLA) and Singapore Tourism Board (STB) have granted 2 separate tenders for houses along Dempsey Roadway. Both tenders include a first five-year rent, with the option to expand for a next title of four years.
Power Moves is a pilates studio that at present runs at Novena Specialist Centre. The studio submitted a quote of $41,200 per month (pm), surpassing 4 many other bids for the place.
Power Moves’ quote of $41,200 pm offers a 8.4% premium over the next highest possible proposal 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) had already released both tenders between March and April, getting to even more improve Dempsey’s credibility as an one-of-a-kind lifestyle and health surround.