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Written reply to PQ on application of retail premise lease agreements onto PHC lease agreements

10 January 2024

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Question

 

Ms See Jinli Jean: To ask the Minister for Trade and Industry what are the Ministry's considerations in applying its approach to retail premise lease agreements onto private hire car (PHC) lease agreements by introducing practices such as having (i) a code of conduct for the leasing of PHCs as well as (ii) an industry committee to guide the upkeep and adoption of such a code.


Written Answer by Minister for Trade and Industry Gan Kim Yong


1. The Code of Conduct for Leasing of Retail Premises in Singapore is an industry-led effort and a product of extensive deliberations between both tenant and landlord representatives, as well as relevant trade associations and chambers, to identify and resolve key issues in the leasing of retail spaces. It is currently overseen by the Fair Tenancy Industry Committee (FTIC), an industry body comprising tenant and landlord representatives.


2. Industry stakeholders involved in lease agreements for private hire cars, such as leasing companies, drivers, and relevant industry bodies, may wish to consider if a similar industry-led approach is relevant in their case. The Government welcomes stakeholder-driven efforts to ensure that the PHC leasing industry is fair and competitive.

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