Real estate behemoth CapitaLand has won the tender to manage Bugis Village and Bugis Street for up to a decade, it said in a bourse filing on Thursday. It will take over the integrated management of the area on April 1, 2020 with an initial three-year tenancy, which may be renewed for two further terms of three years each and a final tenancy term not extending beyond March 30, 2030. Existing tenants...
The Singapore Land Authority (SLA), Singapore Tourism Board (STB) and Urban Redevelopment Authority (URA) will be appointing an operator for the integrated management of Bugis Village and Bugis Street to enhance the vibrancy of the area, which is popular among locals and tourists. Currently, CapitaLand Commercial Trust Limited (“CCT”) is managing Bugis Village, while Bugis Street Development Pte Ltd...
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