Rental Structure Analysis for Socially-Conscious Enterprise Hawker Centres

29 Mr Chua Kheng Wee Louis asked the Minister for Sustainability and the Environment (a) what is the number and percentage of stallholders under the Socially-Conscious Enterprise Hawker Centre operators that have rental formulae based on the higher of a fixed rental or a percentage of gross turnover; and (b) what are the (i) range of percentage of gross turnover charged and (ii) share of gross turnover rents as a proportion of overall rents charged.

Ms Grace Fu Hai Yien: Stall rentals at Socially-Conscious Enterprise Hawker Centres (SEHCs) are proposed by operators in their tender bids to the National Environment Agency (NEA). Since 2019, NEA has further capped stall rentals to the average of independently valued rents. Currently, only one SEHC operator applies a rental formula where stall rent may be tied to monthly gross turnover, which is subject to a rent cap of $2,550 per month.