July 5, 2009 Sunday
Updated

July 5, 2009
Shopowners rent out space
By Kimberly Spykerman and Wee Jun Kai

MR DANIEL Cheong, 37, has an optical shop at Marine Parade Central, rented from the Housing Development Board. But he is a landlord too. For the past two years, he has been leasing the space in front of his store to a woman selling mobile phones and accessories.

Since October 2007, he has paid about $100 a month to the town council for that space, marked out as a red box, and lets it out for as much as $1,500.

Mr Cheong says the money helps pay for his own rent and utilities bill, which can go up to $12,000 a month.

Read the full report in Monday's edition of The Straits Times.

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