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Red boxes like red packets for HDB shops
Mon, Jul 06, 2009
The Straits Times

By Kimberly Spykerman & Wee Jun Kai

MR Daniel Cheong, 37, has an optical shop at Marine Parade Central, rented from the Housing Development Board. But he is a landlord too. For the past two years, he has been leasing the space in front of his store to a woman selling mobile phones and accessories.

Since October 2007, he has paid about $100 a month to the town council for that space, marked out as a red box, and lets it out for as much as $1,500.

Mr Cheong says the money helps pay for his own rent and utilities bill, which can go up to $12,000 a month.

 

 

 

 


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