Chinatown Business Association wins tender to manage iconic Smith Street in Chinatown
The master occupant are going to take on the integrated management of the shophouses and a surrounding State land story, which have a complete land area of 34,066 sq ft and an approximated gross floor location of 33,065 sq ft.
According to SLA, the revitalised Smith Street are going to see a new line-up of way of living practices and dining experiences. It says that CBA’s proposal of “distinguished way of life ideas, complementary programmes and improvements to the public field intends to further promote local Chinese heritage and strengthen the identity of the area”.
The tender was reviewed based on cost and the high quality of each provided idea. It drew in five various bidders when the tender came March, involving CBA which sent the winning quote of $123,000. As the master occupant, CBA will manage the buildings for 5 years plus a 2nd term of 4 years.
“Visitors to Chinatown Singapore can expect even more curated offerings and backgrounds for both locals and visitors upon the completion of the Smith Street restoration venture. We are looking to generate extra engaging and experiential community programmes, as well as more diverse offerings for example, imaginative way of life, retail industry and co-living/co-working concepts, while protecting and celebrating the place’s cultural and architectural ancestry,” says Lim Yick Suan, managing supervisor, Chinatown Business Association.
Lim states that the tender movement was “extremely tough” however CBA took advantage of its active visibility in the precinct for over 20 years. “Over the two decades, we have constructed and fostered relationships, and this has actually bought us a deep-rooted link to the ground,” she states. The organisation has indeed organised past occasion such as wide-scale celebration celebrations such as Five Footway Festival and Dumpling Festival, to motif markets, street tasks, occasions and workshops.
The Chinatown Business Association (CBA) has actually won the tender for a row of iconic shophouses along Smith Street in Chinatown. CBA includes stakeholders running in Chinatown, like business leaders, grassroots leaders, Chinese clan organizations, hoteliers, hawkers and retailers.
Noontalk Media sent the highest bid of $180,000, followed by runner-up CBA. Other proposals stretched from $108,174 from Benlo Ventures to $68,177 from ABR Holdings and a $53,000 proposal from IGYM Fitness.
She includes that CBA will introduce “distinctly Singaporean F&B offerings and global food offerings for either locals and visitors to experience at Smith Road”.
The tender to designate a single master lessee to supervise the historical row of shophouses at 11 to 37 Smith Street was mutually released by the Singapore Land Authority (SLA), the Singapore Tourism Board (STB) and the Urban Redevelopment Authority (URA) back in November last year.
“This experience is distinct to CBA, and we hope to leverage on our partnerships in the area and expertise of Chinatown Singapore’s heritage and culture to infuse even more excitement to Smith Street and Chinatown Singapore,” says Lim.
