July 11, 2022

Car dealers in Ubi motor belt seek extension to expiring leases

By brit

SINGAPORE – Leases for several car showrooms in the Kampong Ubi “motor belt” will be expiring from next year, and companies are scrambling for extensions.

Among the half a dozen or so soon-to-expire leases is one held by Automobile Megamart, which operates an eight-storey complex housing more than 100 new car companies, used car dealerships and parallel importers.