Retailers seeking avenues to renegotiate leases
Some landlords hiking rents; revised fair tenancy system yet to materialise
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
AHEAD of this year's Budget on Feb 16, retail tenants are hoping for measures to help them renegotiate lease terms with landlords, as fair tenancy talks make slow progress and some landlords seek higher rents.
A new fair tenancy framework has been in the works since last year, after a long tussle over rental rebates brought what retail tenants see as a long-standing inequality between tenants and landlords to the fore.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
