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Vivian B.
There are 3 things we have done to reduce rental costs for hawkers:
(1) We increased the supply of hawker stalls by building new centres.
(2) Hawker stalls now have to be personally operated. They are not a way for landlords to make money. We did this by removing the practice of assignments and subletting. This removed speculation from hawker rentals.
(3) We abolished the concept of “reserve rent” for hawker stalls. In the past, NEA would reject tender bids which were less than 85% of the assessed market rent. NEA now accepts all valid competitive bids. Some stalls have been rented for as low as $10 a month.
Many more stalls have since been awarded at progressively lower rentals. NEA publishes the results every month and the latest results can be seen here -
http://www.nea.gov.sg/docs/default-...successful-tenderers---june-2015.pdf?sfvrsn=0