Retailers seeking avenues to renegotiate leases
Some landlords hiking rents; revised fair tenancy system yet to materialise
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.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
SMEs
Sun rising for Singapore businesses breaking into Japan market
One in three Singapore SMEs expect AI to replace or take over jobs: survey
Fintech KPay aims to triple Singapore merchant base, double local workforce
Singapore SMEs in contractionary mode for fifth straight quarter: OCBC
B2K’s second-generation leaders paw a new path in pet products
Finding a growth vector with digital solutions