2,800 HDB shops to gain from $1.9m funding in latest round of help to revitalise shops
Published on Apr 3, 2014 10:59 AM
About 2,800 Housing Board shops will benefit from the sixth round of a scheme to make heartland shopping areas more vibrant.
The HDB has set aside $1.9 million for this round of the Revitalisation of Shops scheme, which will cover 29 areas. This is in response to requests from local merchants' associations, the HDB said in a statement on Thursday.
The scheme will co-fund the upgrading of common areas with amenities such as shop directories, fund up to half the cost of promotional events held by the merchants' associations, and give shops a rent-free period of up to one month if they are undergoing renovation under this scheme.
Shops in previous rounds of the scheme saw their sales improve by up to 30 per cent during promotional events. At least 60 events are expected to be held in this round, in conjunction with the Great Singapore Sale, Christmas and New Year countdown celebrations, the Lunar New Year, and so on.
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