Singapore News

News from Singapore

Katong Hostel to lease flats

Posted by jtsmyth8 on November 7, 2007

A company that has just won an HDB tender in a pilot scheme plans to rent out 120 flats at Tiong Bahru for up to $4,500 a month to foreign students and possibly expats. The flats – said to be the first built in Singapore after independence – will get a $3 million face-lift and be ready for tenants by year-end.

Katong Hostels won the tender in a pilot scheme to lease out flats vacated under a redevelopment scheme.

The original tenants are getting new flats elsewhere. The firm, part of the privately-held Vita Group of hostels, provides international student housing.

It will be managing agent for the 60 three-room and 60 four-room walk-up flats.

(story)

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