Plum school site in Swiss Club area up for subleasing

[SINGAPORE] New and existing players in the foreign school arena looking for a long-term investment in a flagship Singapore campus will soon be able to bid for a 26-year lease for a property surrounded by international schools and near Good Class Bungalow (GCB) areas.

The German European School Singapore (GESS) has launched a tender for a 26-year sub-lease on its main campus at 72 Bukit Tinggi Road in the Swiss Club locale. The minimum reserve price is set at $39 million, which translates to $415 per square foot on the existing gross floor area of 93,969 sq ft for the campus. Situated near the former Turf Club grounds, the 130,216 sq ft site is zoned for "educational institution" use under the Urban Redevelopment Authority's (URA) Master Plan 2008.

The school's enrolment has been on the rise and has outgrown its current premises. Besides the Bukit Tinggi premises, GESS operates a campus on a short-lease site on Jalan Jurong Kechil in the Bukit Batok area.