Four master tenants at Punggol East, Tebing Lane offered lease extension of up to a year
MP Yeo Wan Ling said she hoped the extension would give businesses at Punggol East and Tebing Lane more time to prepare for the transition.
Four major businesses at Punggol East and Tebing Lane in Singapore have been granted lease extensions of up to a year. This extension, announced by Member of Parliament Yeo Wan Ling, will enable businesses to remain operational until the end of 2027. The announcement comes after it was reported that over 50 tenants at the Punggol East container park were required to cease operations by October 31, ahead of the lease's expiry.
Yeo met with relevant agencies to address the concerns of businesses affected by the impending expiry of their tenancies. The extension, subject to tenancy and regulatory requirements, aims to give businesses more time to finalize their transition and business continuity plans. Agencies such as the Singapore Land Authority, JTC Corporation, NParks, and the Housing and Development Board will continue to assist affected businesses in finding alternative premises within Punggol, should they be available.
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