As a gesture of goodwill, HM will provide rental waivers for JWHC's stallholders from June and until the end of their tenancy. It will also offer a S$1,000 relocation fee to eligible stallholders.
NEA separately announced on Tuesday that it will conduct a request for proposal to enhance the hawker centre's operations and offerings so they can better meet the needs of residents. It is estimated that the hawker centre will be closed temporarily after HM's exit and will reopen in the second half of 2021. Existing stallholders will be offered the option to return to the rejuvenated JWHC when it is ready - provided they wish to return.
Senior Minister of State for the Environment and Water Resources Amy Khor said NEA's immediate priority is to work with HM to ensure that incumbent stallholders will be well taken care of during this period of transition and that it would help all to find a stall to continue their hawker trade if they wish to.
Koufu shares were trading at 61.5 Singapore cents as at 4.52pm on Tuesday, down 0.5 cent or 0.8 per cent.For daily updates on weekdays and specially selected content for the weekend. Subscribe to
Source: News Formal (newsformal.com)
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