Home > News > Regional
Friday April 4, 2014 MYT 12:00:00 AM
Friday April 4, 2014 MYT 8:27:36 AM
ABOUT 2,800 Housing Board shops will benefit from the sixth round of a scheme to make heartland shopping areas more vibrant.
The HDB has set aside S$1.9mil (RM4.9mil) for this round of the Revitalisation of Shops scheme, which will cover 29 areas.
This is in response to requests from local merchants’ associations, the HDB said in a statement.
The scheme will co-fund the upgrading of common areas with amenities such as shop directories, fund up to half the cost of promotional events held by the merchants’ associations, and give shops a rent-free period of up to one month if they are undergoing renovation under this scheme.
Shops in previous rounds of the scheme saw their sales improve by up to 30% during promotional events. At least 60 events are expected to be held in this round, in conjunction with the Great Singapore Sale, Christmas and New Year countdown celebrations and so on.
Merchants’ associations and shops can choose to apply for some or all of the various components of the scheme. In this round, 27 applied for co-funding for events, and the other two sites applied for co-funding of upgrading works.
About S$8.4mil (RM21.8mil) has been spent in the Revitalisation of Shops scheme since it began in November 2007. — The Straits Times / Asia News Network
Tags / Keywords:
Singapore navy sends pirates on Malaysian vessel fleeing
Wanted lawyer arrested in Singapore
Immigration issues on the boil
Another short-selling victim
Weaker ringgit, rupiah can have unpleasant effects for Singapore
Father of drowned Syrian toddlers prepares to take bodies home
Netanyahu says U.S. public opinion with Israel on Iran nuclear issue
Migrants scuffle with Hungary police; dead toddler's image shocks Europe
New approach to old alliance for Saudi King and Obama
Guatemala's president quits, faces charges in graft scandal
TalentCorp turns Malaysia’s brain drain to brain gain
Forren strike boosts Norway’s Euro 2016 hopes
Mattress brand launches range with anti-static technology
Missing teacher found, but dad cheated
Copyright © 1995-2015 Star Media Group Berhad (ROC 10894D)(Formerly known as Star Publications (Malaysia) Berhad)