The Housing and Development Board (HDB) on Monday said it will set aside $1.5 million for the fifth batch of the Revitalisation of Shops (ROS) scheme, which will benefit 3,000 shops in 32 sites.
The scheme, which began in 2007, has the government co-funding the upgrading of common area, promotional events and rent-free periods for tenants to renovate their shops.
For this fifth ROS batch, HDB will co-fund promotional events for 32 of the sites including Bedok Town Centre and Bishan Town Centre. It will also be co-funding the upgrading of common area in Ghim Moh Neighbourhood Centre.
In a post on his blog on Monday, National Development Minister Khaw Boon Wan described the ROS project as a "self-help programme" where "local Merchant Associations must take the lead and work closely with shop owners". He pointed to one successful example - the revamp of Boon Lay Shopping Centre. "It required hard work. In this case, the perserverance of the Boon Lay Merchants' Association in push for the ROS," said Mr Khaw.