Kampong Glam Businesses Form Alliance Against Rising Rents
Small businesses in Singapore's Kampong Glam district are seeking to qualify as a business improvement district. Recent reports indicate surging rents and subletting practices are displacing long-standing local businesses. The Kampong Glam Alliance aims to lead community shaping efforts through this designation. The government provides dollar-for-dollar matching funds for such districts. The group aims to secure $200,000 to enhance public spaces and attract more visitors. Proposed initiatives include bringing back traditional Malay weaving, sandals, and food stalls to the streets. Approximately 10 percent of local business owners are currently part of this alliance. The move follows concerns that rental increases and subletting practices are displacing small businesses that have operated in the area for decades.
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Sources · 7 independent
“Recent reports show that sharply surging rents and subletting practices are pushing out small businesses, some of which have been there for decades.”
“They'll get $200,000 to bring their ideas to life. About one in ten business owners is part of an alliance, pushing for ideas such as push cuts selling food.”
“The Kampong Glam Alliance now wants to qualify as a business improvement district to take the lead in shaping it into a community space. The government also matches funds raised by such districts dollar to dollar.”
“businesses and property owners in Kampongglam are coordinating efforts to have a greater say over how the historic precinct is managed. They're aiming for a scheme that lets them pool resources to enhanced public spaces and increase footfall.”
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