---
title: "Renting retail space at SMRT-owned subway stations, qualified companies can use bank guarantees instead of cash deposits | Lianhe Zaobao"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/267273805.md"
description: "UOB signed a memorandum of understanding with SMRT to integrate financial and digital solutions for small and medium-sized enterprises into the SMRT transportation network. Eligible tenants can use bank guarantees instead of traditional cash deposits, freeing up operating capital and helping Singapore's subway stations become vibrant retail centers"
datetime: "2025-11-25T03:15:55.000Z"
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  - [en](https://longbridge.com/en/news/267273805.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/267273805.md)
---

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# Renting retail space at SMRT-owned subway stations, qualified companies can use bank guarantees instead of cash deposits | Lianhe Zaobao

Companies renting retail space at SMRT subway stations can, if eligible, replace the traditional three-month cash deposit with a bank guarantee, thereby freeing up operating capital.

UOB and SMRT announced a joint statement on Tuesday (November 25) to sign a memorandum of understanding, collaborating to integrate financial and digital solutions for small and medium-sized enterprises into SMRT's transportation network, jointly transforming Singapore's subway stations into vibrant retail centers.

UOB and SMRT signed a memorandum of understanding to collaborate in integrating financial and digital solutions for small and medium-sized enterprises into SMRT's transportation network, jointly transforming Singapore's subway stations into vibrant retail centers. (Provided by UOB and SMRT)

A key aspect of the collaboration is to assist new and renewing tenants of Stellar Lifestyle in freeing up operating capital, allowing them to use the funds to enhance their retail business. Eligible tenants can use a banker's guarantee issued by UOB instead of the traditional cash deposit, thereby freeing up funds equivalent to up to three months' rent.

#### Further Reading

UOB appointed "Industry Leader" to assist SMEs in promoting training and transformation UOB issues €850 million guaranteed bonds This initiative aligns with the national digitalization agenda for small and medium-sized enterprises, aiming to assist SMEs in enhancing resilience, adopting technology, and maintaining competitiveness amid the ever-changing retail and consumer trends

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