THE Housing Board (HDB) has moved to curb speculation in its commercial and industrial properties, in a bid to prevent the costs from being passed on to customers.
Starting tomorrow, all new tenants will need to tender for premises direct from HDB. This is a switch up from current practices, where an outgoing tenant can transfer the property to an incoming tenant, for a fee or cash premium that is negotiated between the two.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!