Singapore Government
Singapore Budget 2003
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Budget 2003
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  ANNEXES  
 
 
 
 
 
 
 
 
 
 
 
     

 
 
Budget Speech 2003
   
Tackling Immediate Issues
 

Business Costs

 

Rental Rebates

 

1.70 Rebates on rental have been given to HDB's 18,000 tenants and lessees, JTC Corp’s 7,000 tenants, and the Singapore Land Authority's (SLA) commercial tenants. Some 2,900 stallholders in ENV, HDB and JTC hawker centres are also enjoying rental rebates. As business conditions remain weak, the Government will extend the rebates by another six months till the end of 2003. These will lower business costs for tenants by another $204 million, on top of the $200 million of rental rebates already given for the first six months of this year.

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