28 Mar '14, 12pm

Eunos Industrial Estate tenants to be relocated ahead of redevelopment,

Eunos Industrial Estate tenants to be relocated ahead of redevelopment,

HUNDREDS of tenants in 26 blocks at Eunos Industrial Estate will be relocated to Ang Mo Kio as the Housing Board plans for the redevelopment of the estate. HDB will offer tenants of the 399 affected units replacement space in a new high-rise industrial complex in Ang Mo Kio Industrial Park 3 . The 4.7ha complex in Ang Mo Kio is due for completion in mid-2018. The tenants will stay at Eunos until then. Eligible tenants will get a goodwill payment of $48,000 per relocated unit to defray relocation costs. They will also be offered a rent-free fitting-up period of two to six months. Rents for the replacement units will be set at the market rate as when the tenant selects the new unit, or as of the date the new tenancy starts, whichever is lower. The relocation is part of HDB's industrial redevelopment programme (IRP), launched in 1997 to "recycle, redevelop and intensify" exis...

Full article: http://www.stproperty.sg/articles-property/industrial/eun...

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