Chinatown Business Association wins tender to manage iconic Smith Street in Chinatown

The Chinatown Business Association (CBA) has won the tender for a row of renowned shophouses throughout Smith Street in Chinatown. CBA consists of stakeholders running in Chinatown, such as business leaders, grassroots leaders, Chinese clan organizations, hoteliers, hawkers and sellers.

The tender was assessed based on rate and the top quality of each provided idea. It drew in five several prospective buyers when the tender came March, including CBA which submitted the winning offer of $123,000. As the master lessee, CBA will certainly take care of the buildings for five years plus a second term of four years.

Midtown Modern condo

She adds that CBA is going to introduce “distinctly Singaporean F&B offerings and worldwide food products for both residents and travelers to indulge in at Smith Road”.

Noontalk Media submitted the greatest quote of $180,000, followed by runner-up CBA. Other quotes ranged from $108,174 from Benlo Ventures to $68,177 from ABR Holdings and a $53,000 proposal from IGYM Fitness.

“This experience is special to CBA, and we wish to take advantage of on our relationships in the community and knowledge of Chinatown Singapore’s heritage and society to infuse even more vibrancy to Smith Street and Chinatown Singapore,” says Lim.

The master renter will carry out the combined management of the shophouses and a nearby State land plot, which have an overall acreage of 34,066 sq ft and an estimated gross floor area of 33,065 sq ft.

The tender to designate a single master lessee to oversee the historic row of shophouses at 11 to 37 Smith Street was collectively launched by the Singapore Land Authority (SLA), the Singapore Tourism Board (STB) and the Urban Redevelopment Authority (URA) back in November in 2023.

According to SLA, the revitalised Smith Street are going to see a brand-new line-up of lifestyle methods and eating experiences. It claims that CBA’s proposal of “differentiated lifestyle principles, corresponding programmes and upgrades to the general public scope intends to further promote neighborhood Chinese heritage and strengthen the identity of the area”.

Lim claims that the tender exercise was “extremely challenging” yet CBA benefitted from its energetic existence in the precinct for over twenty years. “Over the 2 decades, we have actually built and sustained connections, and this has actually bought us an ingrained link to the ground,” she states. The organisation has indeed arranged past occasion such as wide-scale celebration events such as 5 Footway Festival and Dumpling Event, to motif markets, street activities, occasions and workshops.

“Visitors to Chinatown Singapore can anticipate even more curated services and backgrounds for both residents and travellers upon the conclusion of the Smith Street rejuvenation venture. We are looking to bring in a lot more engaging and experiential community programs, in addition to more diverse offerings just like imaginative way of living, retail and co-living/co-working practices, while maintaining and celebrating the place’s ethnic and architectural culture,” says Lim Yick Suan, executive supervisor, Chinatown Business Association.


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