EDB launches RFI exercise for foreign system schools
The exercise will allow FSS to invest in sites with long-term leases.
The Singapore Economic Development Board (EDB) will launch a Request-For-Interest (RFI) exercise for Foreign System Schools (FSS) on 31 January 2024.
EDB and the Singapore Land Authority (SLA) will also launch a tender to repurpose a brownfield site for FSS use with more details shared at a later date.
The exercise aims to ensure that Singapore continues to have schools and curricula that meet the diverse education needs of expatriate children.
Through this exercise, FSS can obtain sites on long-term leases which are greenfield sites on 30-year leases that are zoned for educational use.
The exercise will also provide FSS on short-term leases an opportunity to invest for the long term to expand their presence.
The RFI will be evaluated by an inter-agency committee led by EDB. Evaluations will be based on the quality of the proposal, track record, the ability to meet market demand, and the financial ability of the FSS operator.
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