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Business

Assignment of Premises

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. 

Terms and conditions

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.

Criteria

You can apply for assignment of your tenancy if:

  • You have fulfilled conditions in the Tenancy Agreement during your existing term of tenancy with us
  • You/ the proposed tenant do/ does not owe us any arrears
  • The proposed tenant is not a bankrupt
  • The proposed trade/ use is approved by us
  • You took up the HDB commercial unit before 16 October 1998

Length of tenancy

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.

Units allocated under specific trade conditions

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.

Rent-free fitting-out period

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.

Early termination

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.

Upgrading programmes

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.

Application procedure

You can apply to assign an HDB commercial tenancy via LicenceOne.

For units in HDB shopping and office complexes, please approach the respective Managing Agents.

Administrative fees 

The administrative fees are:

  • $100 (excluding GST) for the balance term
  • $200 (excluding GST) for a fresh term and where there is a change of use of living quarters to non-residential use

For units in HDB shopping and office complexes, please approach the respective Managing Agents to enquire on the administrative fees.