October 28, 2008

Singapore: Prime Locations at Lower Rent for Private Museum & Art Facilities

A total of three State properties in prime sites will be made available at lower rent to art collectors who are interested to open private museums through a Request-for-Interest exercise by The National Heritage Board (NHB) and Singapore Land Authority (SLA).

The properties at 222 Queen Street, 27A and 27B Loewen Road will complement existing museum and art facilities to help make Singapore the arts and tourism hub of the region. The three properties have fixed rents below commercial rates ranging between S$5,159(406.2sqm) - S$42,516(5,248.9sqm) renewable for up to 9 years. Each building is allowed to use up to 20 percent of the space for retail or dining.

Contact for details: Joanna Han at +65 6332 4419 or joanna_han@nhb.gov.sg
The submission form is available at: http://www.nhb.gov.sg/aim

Application closes: November 15, 2008.



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