Debated in Parliament on 26 Sep 2025.
Mr Kenneth Tiong Boon Kiat asked the Minister for National Development (a) whether the Ministry monitors commercial-vacancy durations and concentration by landlords; (b) whether prolonged vacancies reflect landlords asking high rents to protect valuations; (c) what is the Ministry's assessment on the impact on (i) rental affordability and (ii) feasibility of a commercial vacancy tax; and (d) whether public disclosure of median rents and vacancy rates by building will be mandated.
This question has been addressed by the reply to Mr Gerald Giam's Parliamentary Question No 60 on the Order Paper for 23 September 2025. [Please refer to "Reasons and Trend of Vacant Commercial Units and Impact of High Rents on Business Viability and Growth", Official Report, 23 September 2025, Vol 96, Issue 3, Written Answers to Questions for Oral Answer not Answered by End of Question Time section.]
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