HDB maintains stable rents for 97% of its 374 coffee shops over the past 5 years with median 1.6% increase.

The Housing and Development Board (HDB) has not increased rent for 97% of the 374 coffee shops it owns over the past five years. The Senior Minister of State for National Development, Sim Ann, made the statement in response to concerns about rising costs affecting coffee shop stallholders. The HDB has limited the median rent increase for these coffee shops to 1.6% during this period as part of efforts to assist operators and stallholders in a rising cost environment.

14 months ago
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