{"id":27411,"date":"2026-01-10T15:44:36","date_gmt":"2026-01-10T07:44:36","guid":{"rendered":"https:\/\/sgbuzz.com\/?p=27411"},"modified":"2026-01-10T15:44:36","modified_gmt":"2026-01-10T07:44:36","slug":"bidders-for-hdb-shops-must-commit-to-tendered-rent-over-6-years-instead-of-3","status":"publish","type":"post","link":"https:\/\/sgbuzz.com\/?p=27411","title":{"rendered":"Bidders for HDB shops must commit to tendered rent over 6 years instead of 3"},"content":{"rendered":"


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SINGAPORE \u2013 Successful bidders for HDB shops will from Jan 10 have to commit to their tendered rent over two tenancy terms \u2013 a total of six years \u2013 instead of one three-year term, in a move to encourage prudent bidding. <\/p>\n

The measure announced by the Housing Board on Jan 10 applies to those who successfully bid for any HDB shops, including coffee shops and medical facilities. <\/p>\n

This comes on the back of concerns over rising rents, after a <\/p>\n

general practitioner\u2019s clinic in Tampines was rented out at $52,188 a month<\/p>\n

<\/a> in 2025 when a healthcare services firm placed the record-high bid with HDB.<\/p>\n

Previously, when a three-year tenancy was due for renewal, the rent for the next tenancy period would be assessed by professional valuers appointed by HDB.<\/p>\n

Under the new measure, this assessment will be carried out after the second term. Subsequently, the assessment will be done after each three-year term. <\/p>\n

The Ministry of National Development had said in a written parliamentary reply in November 2024 that HDB generally does not renegotiate rents during the tenancy period, but operators who face serious difficulties can approach HDB for assistance.<\/p>\n

About 7,000 shops are rented out by the HDB, while another 8,500 HDB shops are privately held. <\/p>\n

Senior Minister of State for National Development Sun Xueling told Parliament in September 2025 that <\/p>\n

HDB will selectively acquire privately held HDB shops if needed<\/p>\n

<\/a>, to meet the demand for new retail supply in existing estates.<\/p>\n

Ms Sun said the authorities were aware that rents for privately owned HDB shops had seen a steep increase.<\/p>\n

Of the privately owned shops, around 7,700 were sold on 99-year leases and still have more than 30 years left on their leases. <\/p>\n

The other 740 shops were sold on 30-year leases, and more than 80 per cent of these have less than 10 years remaining on their leases. <\/p>\n

These shops will progressively be returned to HDB and then tenanted out. Over time, there will be an increase in the supply of HDB shops, with a higher proportion of units directly rented out by the HDB, Ms Sun said.<\/p>\n

As for coffee shops, HDB said on Jan 10 that it has kept rents stable in the past three years \u2013 90 per cent of HDB coffee shops did not face any rent increases from 2023 to 2025.<\/p>\n

\u201cNonetheless, there are concerns that some operators may impose high rental mark-ups on their stallholders, even though the rents these operators pay to HDB have remained largely unchanged,\u201d it added.<\/p>\n

To improve transparency, HDB said it will start to collect and publish data on stall rents charged by operators, so that stallholders can use the information to make better-informed decisions.<\/p>\n

It will review the data collected in the coming months to assess a suitable platform and format for the publication of the data.<\/p>\n

More details will be announced when they are ready.<\/p>\n<\/div>\n

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