Old School (pictured), which is home to art galleries and creative design studios and located at the former Methodist Girls' School (MGS) site in Mount Sophia, has had its appeal for another lease extension turned down, as the URA and Singapore Land Authority (SLA) are insistent that its tenants move out by 30 June 2012.
Its lease was extended twice, in December 2011 and June 2012, to provide its tenants more time to secure alternative premises, said URA and SLA in a Straits Time report.
The master tenant appealed for another extension in January.
The URA and SLA said that the master tenant was fully aware of its short-termed lease when it signed up for a two-year lease from 15 June 2007 to 14 June 2009, with the option to renew for a final year.
In December 2011, the SLA informed the master tenant that it could bid for another property but Old School showed no interest in doing so, saying that the new property was not a "straightforward replacement".
Mabel Tay, one of the founders of the Old School, said factors such as location, tender price, building layout, timing, accessibility and proximity to the creative community have to be taken into consideration.
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