Tag Archives: HDB News

Wet markets saga: Outcome after Jan

Posted on 22 Oct 2009 | Comments Off on Wet markets saga: Outcome after Jan

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 →

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HDB clarifies it cannot interfere in sale of privately-owned wet markets

Posted on 21 Oct 2009 | Comments Off on HDB clarifies it cannot interfere in sale of privately-owned wet markets

The Housing and Development Board (HDB) has said it cannot take over the wet markets owned by private operators or interfere with the commercial negotiation between the new owner and the stallholders when such wet markets change hands.

The HDB also cannot “impose new requirements that are more stringent on the new owner, compared to those already imposed on the existing one”.

HDB said this in a statement on Wednesday in response to recent media reports on the concerns of some stallholders affected by the sale of five wet markets owned by a commercial operator.

These five markets are located in Choa Chu Kang Street 62, Choa Chu Kang Avenue 1, Serangoon Avenue 3, Bukit Batok West Avenue 8 and Fajar Road.

Some of the stallholders have asked the government to intervene so that they can retain their stalls at current rents after the change in the commercial owner of the wet markets. Continue reading →

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