Teck wasn’t immediately available for comment. Representatives of Vale and Anglo American declined to comment. Freeport said it does not comment on market rumors or speculation.

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The rental works out to over S$1,000 per sq m, said Mr Ong. HDB said the tender for the Tampines clinic attracted 13 bids and was awarded to Dr Shaun Lum, the co-owner of I-Health, in March 2025.