Pawnshops and Moneylending Shops in HDB Estates

Mr Seng Han Thong asked the Minister for National Development (a) what are the conditions set for running pawnshops and moneylending businesses in HDB heartlands; and (b) whether there is any plan to limit the number of pawnshops and moneylender shops within the same neighbourhood or precinct so as to ensure a mix of shops of different trades.

Mr Khaw Boon Wan: In precincts where there are fewer numbers of shops, HDB will manage the shop mix to ensure that residents are adequately served by essential trades, such as medical clinics, bakeries, hair salons and so on. In neighbourhood and town centres where there is an ample supply of shops, HDB generally does not limit the number of shops for each trade. It allows the market to determine the trade mix as long as they do not create disamenities to residents.

The licensing of moneylending establishments and pawnshops is under the purview of the Registry of Moneylenders and Pawnbrokers, which is overseen by MinLaw. MinLaw is currently reviewing the moneylenders' regulatory regime. If the Registry subsequently introduces measures which require HDB's cooperation, HDB will act accordingly.