15 Feb '14, 1am

SMEs start to push back at rising rents, Singapore Property News, Singapore Property Guides

SMEs start to push back at rising rents, Singapore Property News, Singapore Property Guides

Singapore's small and medium-sized enterprises (SMEs) are getting proactive about the mounting rent pressures they face - PHOTO: ST [SINGAPORE] Singapore's small and medium-sized enterprises (SMEs) are getting proactive about the mounting rent pressures they face. The Association of Small and Medium Enterprises (ASME) is studying the feasibility of a database to track industrial and retail rents. This would record effective rents rather than contractual ones, providing greater transparency for SMEs and their landlords, ASME president Kurt Wee said at BT's Budget Roundtable. "There is a need for better transparency . . . We think that in the institutional landlord space, we are seeing signs of a bit of a cartel in operation. Because we do have limited real estate space in Singapore and, very often, we're hearing anecdotes of very draconian measures on individual tenants by ...

Full article: http://www.stproperty.sg/articles-property/singapore-prop...

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SMEs start to push back at rising rents, Singapore Property News, Singapore Property Guides & Articles - STProperty

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