NEA decreases rental for hawker stalls to deter high bids

It will take effect on the hawker stall tender exercise.

Senior Minister of State for Sustainability and the Environment Koh Poh Koon said that the National Environment Agency (NEA) will decrease hawker stall rentals to deter overly high tender bids.

Koon explained that instead of an immediate decrease to the assessed market rent (AMR) during the first tenancy renewal, the rental will be adjusted downwards by 50% of the difference between their tendered rent and AMR for the second term.

The minister said that this new measure aims to encourage more prudent bidding behaviour.

It will take effect on the November 2024 hawker stall tender exercise.

NEA will provide more information and online business cost estimation tools to help prospective bidders by 2025.

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