Complete Property Market Updates of Singapore

April 27, 2008

EM Services top bidder for Commonwealth flats

Filed under: General — Propertymarketupdates @ 12:26 am

EM Services Pte Ltd, a property management services company, yesterday emerged as the top bidder in a Housing & Development Board (HDB) tender to lease out 126 units of HDB flats at Commonwealth Drive.

EM Services offered $180,810 a month for a 3+3 years tenancy.

Its bid was 30.2 per cent higher than the next highest bid of $138,888 a month by Hean Nerng Holdings.

The tender, which HDB called on Feb 26, attracted 13 bids, with $37,800 a month being the lowest.

The three-room flats are located in Blocks 57, 61, and 67 to 73 of Commonwealth Drive.

Based on information on EM Services’ website, the company is a joint venture between HDB and Keppel Land Limited.

HDB is expected to make a decision in the next three weeks.

Source : Business Times – 9 Apr 2008

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