Sun Xueling on sustaining local commercial diversity
Vacancy rates for HDB rental shops have remained low and stable over the past five years. Some amount of churn is healthy as it allows less competitive businesses to exit and new businesses to enter, which provide products and services that can better meet the needs of residents. Senior Minister of State for National Development Sun Xueling, who said this in reply to an MP’s questions in parliament on Wednesday (Apr 8), pointed out that HDB uses trade mix controls to ensure a good variety of shops to serve residents.
Vacancy rates for HDB rental shops have remained low and stable over the past five years. Some amount of churn is healthy as it allows less competitive businesses to exit and new businesses to enter, which provide products and services that can better meet the needs of residents. Senior Minister of State for National Development Sun Xueling, who said this in reply to an MP’s questions in parliament on Wednesday (Apr 8), pointed out that HDB uses trade mix controls to ensure a good variety of shops to serve residents.
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