The Dempsey Road area which is home to restaurants, bars and gourmet grocers is set to get more vibrant.
The Singapore Land Authority (SLA) has awarded the tender to redevelop parts of Tanglin Village to property investment firm Country City Investment.
The project will cover 20,147 square metres of land with a gross floor area of 7,503 square metres.
The new land plots will complement the present area known as Dempsey Hill.
Nine blocks along Dempsey Road – Blocks 13, 13A, 14A, 14C, 14D, 14E, 15, 16, and 26 – which currently have more than 20 tenants, will be redeveloped.
The redevelopment of the cluster of old British army buildings is targeted for completion by the first half of 2009.
General manager of Country City Investment Pte Ltd, Nicholas Ng, said: “We are thrilled to be awarded this new tender so that we can expand our footprint and further extend the area of Dempsey Hill.
“We will not only be offering competitive rental prices to new and current tenants, but will support all of them with various marketing activities to assist them, especially during this financial climate.”
Source : Channel NewsAsia – 18 Dec 2008