SINGAPORE - Successful bidders of HDB shops will from Jan 10 have to commit to their tendered rent over two tenancy terms - a total of six years - instead of one three-year term, in a move to encourage prudent bidding.
The measure announced by the Housing Board on Jan 10 applies to successful bidders of all HDB shops, including coffee shops and medical facilities.
This comes on the back of concerns over rising rents, after a GP clinic in Tampines was rented out at $52,188 a month
Previously, when a three-year tenancy is due for renewal, the rent for the next tenancy period will be assessed by professional valuers appointed by HDB.
Under the new measure, this assessment will be carried out after the second term. Subsequently, it will be assessed each three-year term.
MND had said in a written parliamentary reply in November 2024 that HDB generally does not renegotiate rents during the tenancy period, but operators who face serious difficulties can approach HDB for assistance.
About 7,000 HDB shops are rented out by the HDB, while another 8,500 shops are privately held.
Senior Minister of State for National Development Sun Xueling told Parliament in September 2025 that HDB will selectively acquire privately held HDB shops if needed
Ms Sun said the authorities were aware that rents for privately-owned HDB shops had seen a steep increas...


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