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