Huge rent increase (31%) in hdb-run industrial building

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An honorable member of the Coffee Shop Has Just Posted the Following:

HUGE RENT INCREASE IN HDB-RUN INDUSTRIAL BUILDING

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4 Oct 2014 - 11:15am








My father rents a unit at AMK Autopoint – an HDB-managed industrial building for small and medium-sized enterprises in the car repair, servicing and refurbishment business.
His rental contract is ending at the end of this month, and we received an invitation to renew it in the middle of last month.
We were shocked by the increase in rental. If we were to sign a one-year contract, the rent would increase by 31 per cent. If we signed a three-year contract, there would be a 10 per cent increment each year until the third year, when there would be a 31 per cent increase over the current rate.
Landlords of private commercial properties are known to be profit-driven, but why is a government statutory board charging such high rental, which surpasses even that imposed by some private landlords?
Is this fair to small businesses, and is there a regulatory body overseeing this?






It is no wonder that the cost of running a business is ever-increasing – and this will eventually be passed on to consumers.
Also, the late notice of the increment caught us off guard, leaving us with little time to seek alternative arrangements.
Kee Mui Hong (Madam)
* Letter first appeared in ST Forum (3 Oct).


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