Borders has said that a dispute with its landlord, Wheelock Properties, has caused its bookstore at Wheelock Place to be closed since Tuesday. Borders said it was "extremely disappointed" with its landlord of 13 years, but did not elaborate. It also reassured the public that the store's closure is not linked in any way to the shutdown of over 200 Borders stores in Australia and the US when its parent...
Rental Dispute
With Singaporeans increasingly turning to renting out their apartments for extra income, more disputes are flaring up between landlords and tenants, according to lawyers and property agents. And it is not only the landlords who are giving their tenants headaches. Anecdotally, complaints of landlords being held ransom by tenants in arrears and refusing to move out are increasing. Property agent G Rajan...
Some tenants at The Verge shopping mall at Serangoon Road have refused to pay rent because of what they said are failed promises by the mall's management. Tenants Channel NewsAsia spoke to say in 2009, they were told that 35 per cent of the mall would house IT and electronic stores which would draw in the crowds. But tenants, like Josephine Chua who took up two units based on that premise in 2009, were...
A hefty rental hike for Sunset Way eateries led to shock and awe. The detente that followed appeased the stayers. The bruising war in the niche area, touted as the next Holland Village, erupted nearly three months ago. The master tenant for the eateries, Circles International Solutions (CIS), had on June 1 raised rentals by up to 80 per cent. At least five eateries at Block 106 in Clementi Street 12...
After a near month-long tussle, some tenants at The Grangeford may stay on at the condominium after all. About 40 of them have expressed interest to do so under the new landlord, Savills although the actual number could be higher as some enter into joint-leases with others to rent whole apartment units. Residents had been given till 5pm on June 30 to vacate the premises after previous landlord Ideal...
With the worsening economy, more landlords could see their tenants defaulting on rents. But one landlord in Queenstown has taken matters into his own hands by posting personal details of his errant tenant all over the neighbourhood. The leaflets stated that this man had left suddenly without informing his landlord. He also allegedly made off with the housekeys and has not returned any calls. The...
Opera Gallery remained shut on Monday, one day after a stand-off with its landlord, Toshin Development, which has the master lease at Ngee Ann City. On Sunday morning, security guards from Toshin had sealed off the premises and tried to move the artworks worth US$20 million to vacate the unit for a new tenant. It was not because Opera Gallery did not pay its rent, but according to Toshin, it has a new...
A rental dispute turned ugly at Ngee Ann City on Sunday morning. Security was called in to the Opera Gallery - one of the tenants there - to seal off the premises which houses over S$20 million worth of art. The Opera Gallery had brought in dramatic street art during the F1 race last September. And now it is caught in some drama itself. Its landlords at Ngee Ann City ordered security to seal off the...