Wednesday, April 07, 2010

HDB advised Sheng Siong to consider before making rental adjustment

The HDB said they have advised Sheng Siong to consider before making any rental or tenancy adjustments. This is after Sheng Siong 30 per cent increase in rental of stalls in their recent bought over of wet markets in areas located in Choa Chu Kang, Bukit Batok and Serangoon North.

HDB commented that Sheng Siong is a private company and thus has no rights to force them to do certain business decisions. I wonder what is the use of just merely say but then no action taken. HDB has also further assured vicinity's residents these wet markets will remain as wet markets and any conversion must come with their approval. Till date, approximately 10 per cent have decided not to carry on with their business due to the 30 per cent in rental fee, and should more leave, will Sheng Siong have a strong case to convert them into a new business setup?

After all, Sheng Siong is a private operator.

HDB assures residents of marketing needs; reminds Sheng Siong of wet market use [via]

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