15% rental rebate for tenants of HDB, JTC, SLA commercial, industrial properties

Industrial and commercial properties managed by the Housing and Development Board (HDB), JTC Corporation and the Singapore Land Authority (SLA) will get a 15 per cent rental rebate for one year.

This will benefit more than 31,000 tenants, lessees and temporary occupation licensees and amount to S$306 million. The rebate will take effect from January 1, 2009, to December 31, 2009.

It is part of the package of measures to help reduce business costs announced in the Budget Statement on Thursday.

The agencies will write to those eligible for the rental rebate to inform them of the rebate amounts they will receive.

In addition to the rental rebate, HDB said from February, existing tenants who face rental increases of more than 10 per cent and who opt to renew their tenancies for more than a year will have their rents adjusted gradually over their renewal term.

For enquiries, tenants can call HDB’s toll-free hotline 1800-8663077 for industrial properties or 1800-8663073 for commercial properties.

JTC’s Contact Centre can be reached at 1800-5687000.

The public can email their enquiries to [email protected] or call SLA’s main line at 6323-9829 during office hours.

Source : Channel NewsAsia – 22 Jan 2009

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