Companies at Sarimbun Recycling Park welcome 15% rental rebate

Channel NewsAsia 10 Feb 09;

SINGAPORE: Tenants of the Sarimbun Recycling Park have welcomed the government's 15 per cent monthly rental rebate to help green businesses there tide through the economic crisis.

The one-year rebate will translate into savings of S$187,000 for the businesses.

The park accounts for a fifth of all recycling done in Singapore.

Recycling volume there rose 36 per cent last year over 2007.

From only three tenants in 1995, the park now has 12, with the last two vacant plots to be taken up soon.

- CNA/yt