Year-long extension of rental relief for Chinatown street market tenants

SINGAPORE - Standalone stall tenants at Chinatown street market will receive a year-long extension of rental relief, the Chinatown Business Association said on Tuesday.

Since June 2021, the association has offered several rounds of assistance, giving rental reliefs of 60 per cent, then 40 per cent, and the current 25 per cent, which was due to end on March 8. Stall tenants in Trengganu Street, Sago Street and Smith Street will continue to enjoy the same discounted rental rate until the end of March next year, while those in Pagoda Street will receive a rebate of 50 per cent for six months, followed by 25 per cent for the next six months. A minimum tenure of 12 months is required.

“We hope that this discounted rental scheme will give entrepreneurs strong encouragement and an opportunity to start their business venture with the reduced capital outlay.”

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Beyond 2022: How Singapore's development will affect the property market (Bedok, Changi, Pasir Ris, Tampines)Those who live in the East have this strong sense of community and belonging within the area. That sense of community is so strong that people have dubbed the East to be the best place to live, going as so far to coin the term: East Side, Best Side. Well, when it comes to the developments that will be coming...
Source: asiaonecom - 🏆 10. / 59 Read more »