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Friday, 6 March 2009

More rental default cases seen

By Joyce Teo, Property Reporter
MANY small retailers face an unenviable cash crunch as the recession crimps sales - and this is fast taking a heavy toll.

At the prime mall Far East Plaza, rental default cases are already piling up.

Mr Charles Yue, a retail property agent who focuses on the Scotts Rd mall, has already helped landlords repossess five shops since the start of the year, well up from 'one or two' for all of last year.

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