From 16 October 2013, the assignment of new commercial tenancies is no longer allowed. If you are our tenant, you must return the unit to us if you would like to exit your business.
If your tenancy started before 16 October 1998, you will have until 15 October 2019 to assign your tenancy.
You can apply to assign an HDB commercial tenancy via GoBusiness Licensing.
For units in HDB shopping and office complexes, please approach the respective Managing Agents.
The administrative fees are:
For units in HDB shopping and office complexes, please approach the respective Managing Agents to enquire on the administrative fees.
The following are the terms and conditions for the assignment of tenancies for commercial units. Here, you can learn about the criteria for assigning your tenancy, as well as conditions you need to meet in the event of special situations.
You can apply for assignment of your tenancy if:
The new tenant can take up the tenancy at either the balance term or choose a fresh 1, 2, or 3-year term.
For a fresh term, the proposed rent will be revised to the prevailing market rent or remain at the existing rent, whichever is higher. For the balance term, the proposed rent will remain the same as the existing rent.
For units let out for specific trade/ use, the proposed trade(s) must comply with the trade conditions specified during tender allocation. For example, if the unit is only for ‘office’ use, no change of trade/ use will be considered.
No rent-free fitting-out period will be given to the new tenant (assignee). The assignment of the unit is on an ‘as-it-is’ condition, and mutually agreed between you and the proposed assignee.
In the event of early termination (regardless of the reason), the proposed tenant shall not be entitled to any compensation/ indemnity/ ex-gratia payment/ grant of any alternative premises/ other relocation benefits.
If the unit is included in any of our upgrading programmes, any subsequent revision in rent will be borne by the tenant from the completion date of the upgrading works. The revision in rent is based on the improvement works that have been done in the estate as well as the provision of the Space Adding Item.
Here is a list of HDB shopping and office complexes.
You can rent a unit from our tenant or shop owner. These are the application instructions and conditions.
Here are details on the criteria and procedure to take over an HDB commercial unit from an existing tenant.