Property leasing firm EM Services has put in the top bid of S$180,810 for nine blocks of HDB flats at Commonwealth Drive for interim housing.
Its bid was 30 percent more than the next highest offer of S$138,888 from Hean Nerng Holdings.
The tender by the Housing and Development Board attracted a total of 13 bids. The lowest came in at S$37,800 from a consortium led by B19 Technologies.
Under the tender rules, the winning bidder will be able to rent out 126 units of 3-room flats at Blocks 57, 61, 67 to 73 Commonwealth Drive.
The units, each measuring about 52 square metres, can be leased for three years with an option to renew for another three.
EM Services is a unit of the Housing and Development Board.
The winning bid is expected to be announced in about three weeks. – CNA /ls
Source : Channel NewsAsia – 8 Apr 2008