Question
Ms Hazel Poa: To ask the Minister for Trade and Industry (a) whether the Ministry has data on the average annual rate of increase in rent for food establishments in (i) hawker centres (ii) coffeeshops that are owned by HDB (iii) HDB coffeeshops owned privately (iv) food courts and (v) restaurants; and (b) if so, what is the data for the period from (i) 2000 to 2004 (ii) 2005 to 2009 (iii) 2010 to 2014 and (iv) 2015 to 2019.
Written Answer by Minister for Trade and Industry Gan Kim Yong
1. Data on the average increase in rent per annum for firms in the food and beverage services sector for the requested periods are provided in Table 1. A further breakdown of the food and beverage services sector is not available.
Table 1. Average Increase in Rent Per Annum for the Food & Beverage Services Sector
|
Year |
Average Increase in Rent Per Annum |
|
2000-2004 |
0.1% |
|
2005-2009 |
-1.2% |
|
2010-2014 |
7.4% |
|
2015-2019 |
-2.6% |
Source: DOS
Note: Data for the food and beverage services sector excludes hawkers and stall holders.
2. Based on available data for hawker centres, the median monthly rental for non-subsidised cooked food stalls has remained relatively stable at around $1,250, with a per annum increase of 0.3% on average from 2015 to 2020.