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:
HDB moves to curb properties speculation
From 'coffee shop king' to best-selling author overnight
Coffee shop sold for nearly RM60mil
Big spenders chalk up massive debts from non-stop shopping sprees
Mobile shopping on the rise
Libyan PM says government responsible for bombing Tripoli airport
More U.S. troops deployed in Ferguson to guard against fresh riots
Exclusive: U.S. to leave more troops in Afghanistan than first planned - sources
Flournoy withdraws from consideration as U.S. defence secretary - sources
Uncooperative folk hampering Health Department’s move to curb dengue
Syrian government air strikes kill 63 in Raqqa - monitoring group
United States says EU's Google case should not be politicised
Khoon Hooi’s Spring/Summer 2015 collection is chic, fresh and classy
Shakhtar lose to Bilbao having already qualified
Copyright © 1995-2014 Star Publications (M) Bhd (Co No 10894-D)