Another $1.9m set aside to help HDB shops revitalised
The Housing & Development Board will set aside about $1.9 million to help 2,800 shops island-wide enhance their business vibrancy and competitiveness under the sixth batch of the Revitalisation of Shops scheme.
This is in response to several requests from local Merchants' Associations.
Since the scheme was launched in November 2007, HDB has spent about $8.4 million on the scheme.
It has so far benefitted 4,600 shops at 52 sites, covering over 50 per cent of HDB Town and Neighbourhood Centres.
The scheme provides co-funding for upgrades of common areas and promotional events.
HDB will also assist tenants by granting them a rent-free period of up to one month when their shops undergo renovation in conjunction with the scheme.
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