CNA938 Rewind - Soaring heartland shop rents: HDB may intervene to stabilise costs
The Housing and Development Board may step in to acquire some privately owned heartland shops as rents continue to climb sharply. Shopkeepers have raised concerns about doubling rents and difficulties passing on costs to customers. Hairianto Diman and Elakeyaa Selvaraji look at what’s driving the costs up and how effective HDB’s involvement would be with Nicholas Mak, Chief Research Officer at Mogul.sg.
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11 min
