Hao Mart proposes settlement to Taste Orchard tenants, asks for details of unamortised unit fit-out costs
They will also have their security deposits refunded, and have been asked to provide estimated reinstatement amounts, with waivers subject to assessment
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[SINGAPORE] Supermarket chain Hao Mart has proposed a settlement agreement to the tenants of shopping mall Taste Orchard, following the early termination of its 7.5-year master tenancy lease by landlord OG, The Business Times has learnt.
As the master tenant, Hao Mart must vacate and hand over the premises – located at 160 Orchard Road – to OG by Dec 31, 2025. Sub-tenants at Taste Orchard are required to vacate and return their units by the same deadline.
Avista Advisory Partners was earlier appointed by Hao Mart to assist in discussions with tenants relating to the lease termination.
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