Written answer by Ministry of National Development on plans for wet market in Braddell Heights constituency after expiry of lease to private operator

May 8, 2023

Question No: 4534

Question by: Mr Seah Kian Peng

To ask the Minister for National Development what are the plans for the only wet market in Braddell Heights constituency located at 267 Serangoon Avenue 3 after the cessation of its lease to a private operator next year.

Answer:

Similar to other leasehold properties, the wet market will return to HDB upon lease expiry in October 2024.

2.       To avoid service disruption to residents and ensure a smooth transition to tenancy, HDB will be offering the existing private operator an interim tenancy of one year upon lease expiry. The private operator will be required to retain the existing market stallholders and maintain their rents.

3.       Thereafter, HDB intends to let out the premises on the standard three-year tenancy term. The premises will be tendered out via the Price-Quality Method (PQM), in which  proposals will be evaluated on both the tender price and  the quality of the proposals. This will allow HDB to select an operator who can best serve the residents’ needs and keep the area vibrant. HDB is also open to explore alternative proposals for the space to meet the evolving needs of residents, such as converting excess or vacant spaces into other uses. HDB is in the process of engaging local stakeholders, including the current operator and grassroots leaders, on this.