
25/09/2025
The Housing Development Board (HDB) will selectively acquire privately owned HDB shops if needed and increase the overall supply of commercial units that it leases out, Senior Minister of State for National Development Sun Xueling said in parliament on Wednesday (Sep 24).
With the increase in supply of HDB shops, a higher proportion will be shops that are directly rented out by HDB, of which rents have been keeping stable in recent years.
Rental rates for privately owned HDB shop units were reported to have more than doubled over the past year.