CNA938 Rewind - How Heartland Businesses Will Cope With 6-Year Rent Lock-In
New HDB shop tenders will now require successful bidders to commit to the tendered rent for six years, up from three. The move is meant to encourage more prudent bidding and keep stall rents more reasonable, amid concerns over escalating bids. Andrea Heng and Hairianto Diman unpack what this means for heartland businesses, operating costs — and whether shoppers could feel it in everyday prices with Professor Sing Tien Foo, Provost’s Chair Professor, Department of Real Estate at the NUS Business School
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15 min
