SINGAPORE: Homegrown real estate management company Cover Projects was in the spotlight last year when the Singapore Land Authority (SLA) awarded it the tender for the heritage property at 26 Evans Road in October.

By the close of the tender, SLA had received 25 bids for the site, which were evaluated based on price and quality. Cover Projects submitted the second-highest bid, a S$265,000 monthly rate, well above the S$165,000 to S$168,000 bids submitted by LHN Group and The Assembly Place, which are among Singapore’s biggest co-living operators. The site has a lease term of five-plus-four years.

Lim Keong Wee, co-founder of Cover Projects, is...(click on link for full story on edgeprop.sg)