- POSTED: 26 May 2014 21:54
The ratio of privately and government-owned commercial and industrial properties should be reviewed, so that rental costs can be managed said Member of Parliament Gan Thiam Poh.
SINGAPORE: The ratio of privately and government-owned commercial and industrial properties should be reviewed, so that rental costs can be managed and the growth of small and medium enterprises sustained.
Member of Parliament Gan Thiam Poh suggested this on Monday (May 26) as he spoke at the debate on the President's address.
He flagged rental rates as the number one hurdle faced by smaller businesses.
Mr Gan suggested that it may be good for the Housing Board to retain control over rental of commercial properties in town centres and neighbourhoods alongside private malls to cushion costs.
On housing, he suggested an extension of the Lease Buyback Scheme beyond three-room flats as elderly residents have a desire to age in place.
And to help families, he mooted increasing the percentage of larger Build-To-Order flats allocated to second-timer families with more than one child, to encourage Singaporeans to have more babies.