HDB shops to get S$11m boost

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The HDB will allocate S$11 million to help 3,300 shops across 35 locations enhance their business competitiveness and vibrancy, under the fourth batch of the Revitalisation of Shops (ROS) scheme.

“HDB will also be extending its co-funding portion for promotional events from the current three years to six years, in response to numerous requests from the Merchant Associations (MAs),” it said.

Started in November 2007, the ROS scheme is part of the government’s ongoing measures to assist HDB retailers. The programme comprises three components: co-funding for the upgrading of common areas, co-funding for promotional events and rent-free periods for tenants to renovate their shops.

For this batch, HDB has selected 35 sites for ROS co-funding, with 31 sites for promotional events and four sites for the upgrading of common areas and promotional events.

“To improve the overall shopping ambience for residents, HDB co-funds physical upgrading works to its shopping complexes, as well as town and neighbourhood centres.”

Under ROS batch 4, the works may include signage, shop directories, escalators, facade improvements and landmark structures.

“HDB will also co-fund up to 50 percent of the expenditure for promotional events organised by MAs to attract crowds. Based on the promotional events organised in the past three batches, retailers saw up to 30 percent improvements in their sales.”

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