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The $52,188 monthly rental bid for a general practitioner (GP) clinic in Tampines is the highest per square foot rent that the Housing Development Board (HDB) has received for GP and dental clinics of this size to date. Responding to AsiaOne's queries o$52k bid to rent Tampines clinic 'highest' psf received for GP, dental clinics of this size: HDB
The $52,188 monthly rental bid for a general practitioner (GP) clinic in Tampines is the highest per square foot rent that the Housing Development Board (HDB) has received for GP and dental clinics of this size to date. Responding to AsiaOne's queries on Thursday (June 5), HDB said that the tender for the Tampines clinic attracted 13 bids in total. It was awarded to Dr Shaun Lum, the co-owner of I-Health Medical Holdings, in March 2025, at $52,188 a month. The unit at Block 954C Tampines Street 96 in March is reportedly 52 sqm, which is about 560 sq ft big. «This is significantly higher than the average tendered rent of around $9,800 per month for similar-sized clinics let by HDB in 2024 and it is also the highest per square foot rent that HDB has received for GP and dental clinics of this size to date,» said HDB. The housing board added that all tenders awarded for GP clinics thus far are based on tendered price. And that bids submitted by tenderers — including private clinic operators — are business decisions influenced by various factors including location, shop size, trades, and prevailing market conditions. Read more