BT EXCLUSIVE

As rebates end, restaurants and retailers reel from rent, deposit hikes

Some tenants struggling to recover from pandemic face unexpected rent hikes of up to 20%, four- to six-month deposits for one-year renewal

Singapore

SOME Singapore retail and food and beverage (F&B) businesses are grappling with unexpected rental increments and hefty security deposits (SDs), as they struggle to get back on their feet after Covid-19's impact, The Business Times has learnt.

To be clear, the