Bloomberg.com, 15 Oct 2008, Adam Majendie
Oct. 15 (Bloomberg) -- Singapore is offering state-owned properties in prime locations at reduced rent to encourage art collectors to open private museums in the city-state.
The National Heritage Board, or NHB, which runs the country's museums, and the Singapore Land Authority have held preliminary discussions with collectors in Southeast Asia and are calling for applications to rent three vacant buildings, including a former catholic school and a sports hall, said Michael Koh, NHB's chief executive officer, at a media briefing.
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