FIS Institute is set to redevelop Old Admiralty House at Old Nelson Road in Sembawang into a boarding school, after winning the bid from the Singapore Land Authority (SLA).
However, renovations have been delayed, pending approval of the application to build an extension.
In exchange for the land plot, the private school will pay S$150,000 in monthly rent for three years, with a renewable tenure.
According to FIS Institute, the location and greenery of the place makes it an ideal location for a boarding school. It added that it hopes to commence operations by January next year.
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