Tag Archives: Choa Chu Kang Street 62

HDB to decide on sale to Sheng Siong but will not take over markets

Sheng Siong, the proposed buyer, is willing to continue renting out stalls to existing holders, instead of converting the wet market into air-conditioned outlets. — PHOTO: WANBAO

THE fate of stallholders at five wet markets slated for sale will be known after January next year, when the Housing Board (HDB) reaches a decision on whether to let the purchases go ahead.

Sheng Siong – the interested buyer – has told HDB it is prepared to continue renting out the wet market stalls to the existing holders.

It is no longer proceeding with its original plan to convert them to Sheng Siong air-conditioned markets. Continue reading →

HDB said stallholders in five markets in Choa Chu Kang Street 62, Choa Chu Kang Avenue 1, Serangoon Avenue 3 (left), Bukit Batok West Avenue 8 and Fajar Road, which were bought by Heeton, are ‘tenants of Heeton, not HDB’, and it cannot interfere as this is a private property transaction. — ST PHOTO: TERENCE TAN

THE Housing and Development Board (HDB) has said it cannot take over the wet markets or interfere with the commercial negotiation between the new owner and the stallholders.

In a statement on Wednesday, it added that it cannot also ‘impose new requirements that are more stringent on the new owner, compared to those already imposed on the existing one.’

The statement came a day after Minister for Environment and Water Resources Yaacob Ibrahim said in Parliament on Tuesday that private operators of wet markets would have to get approval from the HDB for the sale and any change of their uses. Continue reading →