The Singapore Land Authority (SLA) has launched a tender for 33 black and white bungalows at Mount Pleasant.
These colonial bungalows are approved for residential use.
They will be offered for an initial tenancy period of three years with an option to renew for two more three-year terms.
The units have a gross floor area (GFA) ranging from about 200 to 1,100 square metres and a land area ranging from about 1,500 to 18,000 square metres.
Together, the properties have a GFA of some 17,000 square metres and occupy a land area of about 182,000 square metres.
SLA said the guide rent for the 33 bungalows is some S$488,000 per month.
The tender will close on September 21.
Source : Channel NewsAsia– 31 Aug 2010