SLA awards tenders for Dempsey Road properties to Power Moves and Florte Design
Power Moves gained the tender for 13 Dempsey Road (# 01-05 and # 01-07) and 13A Dempsey Road. The properties, that are authorized for wellness and training purpose, inhabit an acreage of 9,657 sq ft and have a combined estimated gross floor area (GFA) of 8,783 sq ft.
She adds that the better weightage of the premium component in current tenders at Dempsey is a testament to SLA’s efforts in seeking ideas that will inject vibrancy to the precinct.
Power Moves’ proposition consists of facilities like a pilates center, beauty center, a café, and areas offering health coaching and some other wellness-based services. The center will also deliver community efforts such as outdoor exercise and mindfulness classes, walkathons and concept pop-up functions to lure audiences.
The units at 13 Dempsey Roadway take up an approximated acreage of 5,423 sq ft and have a GFA of about 4,905 sq ft.
In addition, Florte Design means to work with local area artists, performers and close-by businesses to offer cross-promotional functions and foster group interaction.
The Singapore Land Authority (SLA) had launched both tenders in between March and April, pursuing to even more enhance Dempsey’s reputation as an one-of-a-kind lifestyle and health surround.
Power Moves’ quote of $41,200 pm offers a 8.4% premium over the following greatest proposal 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).
Florte Design aims to open a marketplace for retail flower and lifestyle product on the area with an all-day café offering floral-infused drinks. The real estate will also include a fitness center and a versatile event space-cum-photo studio with floral arrangements.
Florte Design’s quote of $17,904 pm presented the 3rd highest rate proposal obtained for the property. Nevertheless, it had the highest mixed score based on both value (which lugged a 40% weightage) and quality (60% weightage).
The tenders for both sites finalized on May 29 and were checked based on cost and premium facets.
The Singapore Land Authority (SLA) and Singapore Tourism Board (STB) have recently granted 2 separate tenders for real properties throughout Dempsey Roadway. Both of these tenders come with an initial five-year rent, with the option to expand for a next title of 4 years.
Power Moves is a pilates center that at the moment runs at Novena Specialist Centre. The studio submitted a bid of $41,200 per month (pm), surpassing 4 other bids for the place.
SLA awarded a different tender for 13 Dempsey Road (# 01-01, # 01-02 and # 01-06) to Florte Design. The firm operates homemade flower shop The Florté. It surpassed seven other tender bids for the property, which is approved for creative lifestyle uses.
Curio Home Accents sent the highest price bid of $40,000 pm. Additional 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 efforts to launch brand-new innovative ideas to Dempsey are starting off to take shape,” claims Carrie Wong, director of business planning and property development division at SLA.
