Brief

First batch of shops for Zone A sees one bank unit unsold

The Housing Bureau (IH) announced that among the first five public housing shops in Zone A, one unit designated for a bank failed to attract any bids. The bureau is reviewing follow-up arrangements, including lease agreements, and will monitor resident needs before launching a second phase of tenders. To ease startup costs, favorable terms were offered, such as below-market rents and rent-free periods. The public housing committee said initial shops meet basic resident needs, with potential to attract more commercial tenants like banks as the area grows.

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