Extension of Code of Conduct for Leasing of Retail Premises to Other Commercial Leases

Debated in Parliament on 10 May 2021.

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Raj Joshua Thomas asked whether the Code of Conduct for Leasing of Retail Premises would be extended to other commercial leases like offices and industrial spaces, if there is a timeline for this, and if legislation would be introduced to enforce the Code.
Chan Chun Sing responded that the Code was an industry-led effort specific to retail, F&B, and lifestyle sectors facing challenges like e-commerce competition, and that other industries have unique circumstances making the Code less applicable to them.
The Government accepted the industry’s recommendation to enact legislation making the Code mandatory for all retail tenancies, with landlord and tenant associations pledging to adopt it from 1 June 2021.
There was no indication of plans to extend the Code to non-retail commercial leases or introduce broader legislation beyond the retail sector.

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Raj Joshua Thomas

Mr Raj Joshua Thomas asked the Minister for Trade and Industry (a) whether the Code of Conduct for Leasing of Retail Premises in Singapore will be extended to other commercial leases such as those for offices and industrial-use premises; (b) whether there is a timeline for the Code of Conduct to be extended to these other types of leases; and (c) whether legislation will be introduced to enforce the Code of Conduct.

Chan Chun Sing

The Code of Conduct for the Leasing of Retail Premises in Singapore is an industry-led effort, developed jointly by landlords and retail tenants to increase the vibrancy, resilience and competitiveness of Singapore’s retail, food and beverage, and lifestyle sector. The Code addresses the severe challenges that this sector has faced from multiple disruptions and intense competition, especially from e-commerce. Other industries have their own unique circumstances, which may make the Code of Conduct for Leasing of Retail Premises less applicable.

As announced in March 2021, the Government has accepted the industry’s recommendation to enact legislation to make compliance with the Code of Conduct mandatory for all retail tenancies in Singapore. Prior to any legislation, key landlord and tenant associations have already pledged that they will adopt the Code from 1 June this year. This is a strong foundation for the retail sector to overcome its challenges and to emerge stronger in a post-COVID-19 world.

Summary written by AI (learn more)

Raj Joshua Thomas asked whether the Code of Conduct for Leasing of Retail Premises would be extended to other commercial leases like offices and industrial spaces, if there is a timeline for this, and if legislation would be introduced to enforce the Code.
Chan Chun Sing responded that the Code was an industry-led effort specific to retail, F&B, and lifestyle sectors facing challenges like e-commerce competition, and that other industries have unique circumstances making the Code less applicable to them.
The Government accepted the industry’s recommendation to enact legislation making the Code mandatory for all retail tenancies, with landlord and tenant associations pledging to adopt it from 1 June 2021.
There was no indication of plans to extend the Code to non-retail commercial leases or introduce broader legislation beyond the retail sector.

Questions identified by AI (learn more)

Extension of Code of Conduct for Leasing of Retail Premises to Other Commercial Leases | PAPERCUTS

Extension of Code of Conduct for Leasing of Retail Premises to Other Commercial Leases

Debated in Parliament on 10 May 2021.

Summary written by AI (learn more)

Raj Joshua Thomas asked whether the Code of Conduct for Leasing of Retail Premises would be extended to other commercial leases like offices and industrial spaces, if there is a timeline for this, and if legislation would be introduced to enforce the Code.
Chan Chun Sing responded that the Code was an industry-led effort specific to retail, F&B, and lifestyle sectors facing challenges like e-commerce competition, and that other industries have unique circumstances making the Code less applicable to them.
The Government accepted the industry’s recommendation to enact legislation making the Code mandatory for all retail tenancies, with landlord and tenant associations pledging to adopt it from 1 June 2021.
There was no indication of plans to extend the Code to non-retail commercial leases or introduce broader legislation beyond the retail sector.

Questions identified by AI (learn more)

Full Transcript

Raj Joshua Thomas

Chan Chun Sing

Summary written by AI (learn more)

Raj Joshua Thomas asked whether the Code of Conduct for Leasing of Retail Premises would be extended to other commercial leases like offices and industrial spaces, if there is a timeline for this, and if legislation would be introduced to enforce the Code.
Chan Chun Sing responded that the Code was an industry-led effort specific to retail, F&B, and lifestyle sectors facing challenges like e-commerce competition, and that other industries have unique circumstances making the Code less applicable to them.
The Government accepted the industry’s recommendation to enact legislation making the Code mandatory for all retail tenancies, with landlord and tenant associations pledging to adopt it from 1 June 2021.
There was no indication of plans to extend the Code to non-retail commercial leases or introduce broader legislation beyond the retail sector.

Questions identified by AI (learn more)

Extension of Code of Conduct for Leasing of Retail Premises to Other Commercial Leases

Summary

Questions Identified

Full Transcript

Raj Joshua Thomas

Chan Chun Sing

Summary

Questions Identified

Extension of Code of Conduct for Leasing of Retail Premises to Other Commercial Leases

Summary

Questions Identified

Full Transcript

Raj Joshua Thomas

Chan Chun Sing

Summary

Questions Identified