Punggol East, Tebing Lane tenants get up to one-year lease extension

Four master tenants at Punggol East and Tebing Lane will be offered lease extensions of up to one year, allowing businesses to potentially operate until end-2027. The move follows concerns raised by over 50 tenants told to cease operations by Oct 31. Member of Parliament Yeo Wan Ling announced the extension on Saturday after meeting relevant agencies, stating it follows a review and adjustments to development timelines. The extension is subject to tenancy and regulatory requirements, giving businesses more time for transition planning and sub-tenant engagements. Agencies including SLA, JTC, NParks and HDB will help affected businesses explore alternative premises, with options within Punggol considered where available. The area is slated for future residential redevelopment, and City Sprouts has secured a new space at Pasir Ris Park.