Gov’t names fair tenancy committee members as measure on retail leases takes effect

The new members will serve the committee for two years in their first term. 

The government has unveiled the members of the Fair Tenancy Industry Committee (FTIC), which is responsible for promoting compliance with the 13 leasing principles in the Code of Conduct (CoC) for Leasing of Retail Premises in Singapore.

The Lease Agreements for Retail Premises Act 2023 took effect on 1 February. 

The 17 members of the FTIC will serve the committee from 1 February to 31 January 2026.

Members of the FTIC include Max Loh, chairman of the Competition & Consumer Commission of Singapore (CCCS), Desmond Sim, CEO of Edmund Tie & Company (SEA), Kok Ping Soon, CEO of SBF, Tan Kee Yong, COO of Retail at Frasers Property Singapore, Ernie Koh, president of Singapore Retailers Association (SRA), and Jeannie Lim, assistant CEO of Enterprise Singapore.

The FTIC will remain as a custodian of the CoC. It will monitor and promote compliance with the act and periodically review the CoC’s relevance to the industry. 

It will also continue to work with trade associations and relevant partners to raise awareness and educate stakeholders on the CoC.