princess_morbucks
02-05-14, 15:20
http://www.businesstimes.com.sg/breaking-news/singapore/hdb-extends-grace-period-rule-restricting-rental-transfers-20140502
HDB is extending the grace period for long-time tenants affected by a rule that restricts the transfer of its business space.
The three-year grace window will be extended to six years, Minister for National Development Khaw Boon Wan said on Friday in on his blog.
The concession will apply to existing HDB commercial and industrial tenants who are already HDB tenants for at least 15 years.
Mr Khaw explained that many long-time tenants asked the HDB for a longer grace period when the HDB met up with various groups of tenants in the past few months.
HDB is extending the grace period for long-time tenants affected by a rule that restricts the transfer of its business space.
The three-year grace window will be extended to six years, Minister for National Development Khaw Boon Wan said on Friday in on his blog.
The concession will apply to existing HDB commercial and industrial tenants who are already HDB tenants for at least 15 years.
Mr Khaw explained that many long-time tenants asked the HDB for a longer grace period when the HDB met up with various groups of tenants in the past few months.