Iconic McDonald’s Queensway outlet will stay for at least another three years
McDonald’s previously announced in April that the outlet at Ridout Tea Garden was closing at the end of 2021.
The 32-year-old Japanese-themed McDonald’s at Queensway is here to stay after it won the tender bid for the plot of land from Land Transport Authority (LTA).
Previously, it was announced that the McDonald’s outlet at Ridout Tea Garden would be closed permanently after its lease expires in December this year.
Several youths had expressed their disappointment over the closing. Some shared with Youthopia their fondest memories of the outlet, which included being bitten by a terrapin and celebrating their birthdays.
Hanbaobao Pte Ltd, Singapore licensee of McDonald’s, was the second highest bidder among 14 companies bidding for tenancy on that property at $40,000 per month.
The highest bid was $55,000 and made by The Oddle Company, owner of the food delivery platform Oddle Eats.
McDonald’s was awarded the tender for the 57,453 sq ft site for the next three years.
Singapore Land Authority also offered the winning bidder an extension of the tenancy for two more terms of three years.
The site also has two units, one of which is occupied by a Japanese buffet restaurant.
As one of the oldest operating McDonald’s outlets in Singapore, it has been serving customers since 1989.
It is surrounded by a pond and a stretch of greenery, providing a pleasing sight for residents.