Singapore Tourism Board seeks proposals for Jurong Lake tourism project

THE Singapore Tourism Board (STB) on Tuesday (Mar 15) launched a request for proposals (RFP) to develop and operate an integrated tourism development at Jurong Lake District.

This comes nearly 3 years after the statutory board's expression of interest (EOI) exercise was first announced for the development of the 6.8 hectare site next to Jurong Lake, which is expected to become a key lifestyle and tourism hub in Singapore's largest business district outside the CBD (Central Business District).

With the launch of the RFP, STB now estimates completion of the tourism development to take place from 2028.

The statutory board said it expects the resultant lifestyle and tourism hub to comprise high-quality accommodation as well as a mix of attractions, retail, F&B (food and beverage) and entertainment offerings - all with an emphasis on technology, edutainment and sustainability.

It should complement existing nearby attractions, such as the Jurong Lake Gardens and the new Science Centre.

STB said the development will also be well-integrated with the entire Jurong Lake District through a seamless network of pedestrian-friendly streets and well-designed public spaces.

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STB chief executive Keith Tan believes Singapore remains "a very attractive destination" for business and leisure travellers despite the Covid-19 pandemic.

"While we refresh and rejuvenate existing tourism offerings, we must also create opportunities for investments in new tourism products. The launch of this RFP signals our intent to press ahead with our medium-term plans, so that we can build better for the future," he said in a press statement.

The tender will be open for 7 months, and the closing date for the submission of proposals is Oct 18, 2022.

The entire site will be leased to the successful developer for 60 years upon award of the tender.

Under the Modified Concept and Price Revenue Tender approach, investors are required to submit their concept proposals and tender prices separately. Companies which indicated their interest during an EOI exercise for the site in 2019 will also be invited to participate in the tender.

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