60 stalls to be offered to successful bidders in May 2012 Tender Exercise: NEA

A total of 60 stalls will be offered to successful bidders in the May 2012 Tender Exercise. 

The National Environment Agency (NEA) received a total of 343 bids for 78 stalls. 

56 stalls received competitive bids while 22 stalls received single bids. 

31 stalls from the March and April tenders which received single bids then, were included in the May tender exercise. 

A total of 27 of these stalls will be awarded. 21 stalls received competitive bids in the May tender exercise will be awarded. Six which received single bids will be awarded as they previously received single bids in earlier tender exercises. 

The remaining four stalls that did not receive any bids two cooked food stalls from Commonwealth Crescent and Taman Jurong Market & Food Centre, and two market produce stalls from Upper Boon Keng Rd and Commonwealth Crescent. 

These will be put on the June tender exercise, together with 16 other stalls which received single bids for the first time in the May tender exercise. The stalls will be awarded if they each receive at least one bid in the next tender exercise. 

NEA says the June tender exercise will commence 29 June and close 12 July. Bidders may view the provisional and final results at NEA's Customer Service Centre notice board at Environment Building Level 2 and athttp://app2.nea.gov.sg/onlinesvcs_tendernotice.aspx

As for bids for market lock-up stalls at Chinatown Complex Market at Blk 335 Smith Street, NEA says the successful tender bids received ranged from $168 to $499. 

These bids were generally lower than the current assessed rent determined by NEA's appointed rental valuation firm. 

The successful bids will be taken into consideration for future assessment of the market rents for stalls that will be operated according to new rental contracts. 

Since April 2012, these new rental contracts prohibit subletting and assignment of stalls.