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By Nikki De Guzman:
The
Housing and Development Board (HDB) will set aside around S$1.5 million
to help 3,000 shops enhance their vibrancy and competitiveness.
Spread
across 32 locations islandwide, this is the fifth batch of shops to
benefit from HDB’s Revitalisation of Shops (ROS) Scheme.
Introduced
in November 2007, the scheme is part of the government’s ongoing
efforts to help HDB retailers and has benefitted 4,500 shops, or about
50 percent of our Town and Neighbourhood Centres.
Under the
scheme, retailers can get co-funding for upgrading of common areas,
co-funding for promotional events, and rent-free periods for tenants to
renovate their shops.
For promotional events, HDB will co-fund up
to 50 percent of the expenditure for promotional events organised by MAs
to attract crowds. For the latest batch, 60 events are expected to be
organised.
Nikki De Guzman, Junior Reporter at PropertyGuru, wrote this story. To contact her about this or other stories email nikki@propertyguru.com.sg
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