[Levin]

https://www.channelnewsasia.com/singapor...er-4721936

[Levin]

The downward adjustment of tendered stall rentals will be staggered over a longer period, instead of immediately at the first point of tenancy renewal.

This will take effect from the next stall tender exercise in November this year. 

The adjustments will only apply prospectively, which means existing hawkers will not be affected

......

Prospective tenderers may put in overly high bids upfront to secure their preferred stall, knowing that under the current policy, their tendered rent will be adjusted downwards to the assessed market rent at the next tenancy renewal after three years, he added.

"But there are also some who do it without having a full understanding of the kind of business costs that are involved, resulting in them having difficulties paying high rentals that they cannot sustain in the long term."

[sgh]

Isn't this same as COE bidding? You desperate to drive out then bid super high to get lor simple logic whenever bidding system is in place. Sky is the limit.