Cheebye money minded PAP, now even SingPost getting into property developments

Papsmearer · Oct 28, 2015

SINGAPORE: Singapore Post (SingPost) announced on Wednesday (Oct 28) that it would develop Singapore's first shopping mall offering a suite of eCommerce logistics solutions, combining both online and offline shopping.

In their media release, SingPost said the mall will offer 25,000 square metres of retail space. Consumers will be able to shop online at the mall through e-merchants and choose delivery and pickup timings, according to SingPost.

Describing this shopping experience, SingPost said: "A consumer could browse in-store, purchase the product and arrange for delivery of the product directly to their home. The consumer could then continue shopping, watch a movie or have a meal in the mall without having to carry bulky shopping bags."

SingPost also said that retailer can save on storage space in the store as fulfilment would be done at the backend of the warehouse.

A groundbreaking ceremony was held on Wednesday to mark the commencement of the construction of the mall, to be located at Singapore Post Centre in Paya Lebar, SingPost said.

SingPost said the development is aimed at creating opportunities for businesses in a "changing retail landscape", and "catering to the evolving needs of consumers."

Construction of the mall - which will have four above ground levels and a basement level - is expected to cost about S$150 million, which includes upgrading amenities and the façade for the adjoining office building, SingPost added.

It will also house an eight-hall cineplex, SingPost's flagship post office, retail shops, food and beverage outlets, and three levels of underground carpark spaces. The mall is scheduled to be completed by mid-2017.

Kuailan · Oct 28, 2015

Singpost sitting on lots of Prime land in Sinkieland, all they need to do is to demolish
built many floors upwards, they take the ground floor prime area, the rest collect rental!!

lifeafter41 · Oct 28, 2015

Papsmearer said:
SINGAPORE: Singapore Post (SingPost) announced on Wednesday (Oct 28) that it would develop Singapore's first shopping mall offering a suite of eCommerce logistics solutions, combining both online and offline shopping.

In their media release, SingPost said the mall will offer 25,000 square metres of retail space. Consumers will be able to shop online at the mall through e-merchants and choose delivery and pickup timings, according to SingPost.

Describing this shopping experience, SingPost said: "A consumer could browse in-store, purchase the product and arrange for delivery of the product directly to their home. The consumer could then continue shopping, watch a movie or have a meal in the mall without having to carry bulky shopping bags."

SingPost also said that retailer can save on storage space in the store as fulfilment would be done at the backend of the warehouse.

A groundbreaking ceremony was held on Wednesday to mark the commencement of the construction of the mall, to be located at Singapore Post Centre in Paya Lebar, SingPost said.

SingPost said the development is aimed at creating opportunities for businesses in a "changing retail landscape", and "catering to the evolving needs of consumers."

Construction of the mall - which will have four above ground levels and a basement level - is expected to cost about S$150 million, which includes upgrading amenities and the façade for the adjoining office building, SingPost added.

It will also house an eight-hall cineplex, SingPost's flagship post office, retail shops, food and beverage outlets, and three levels of underground carpark spaces. The mall is scheduled to be completed by mid-2017.

It's a very smart move by singpost to do that to align the online merchants to be house there. On one hand collect rental from them for have their premises there on the hand make money when they send out items via singpost. Collect rentals from the food courts and shops when the public goes there to get or collect their stuff. Definitely good money making ideas...

laksaboy · Oct 28, 2015

Singapore is a paradise for rent-seeking whores. If SPH could get into the real estate industry, what big surprise is it when SingPost does the same? :wink:

Narong Wongwan · Oct 28, 2015

laksaboy said:
Singapore is a paradise for rent-seeking whores. If SPH could get into the real estate industry, what big surprise is it when SingPost does the same?

Yes like Delgro and smrt.....until they neglect their core business

JohnTan · Oct 28, 2015

I hope we import more foreigners. 6.9M population size may not suffice to support so many new malls and office buildings.

aerobwala · Oct 28, 2015

Actually still a lot of land under utilised, in the north between Yishun and Seng Kang, on the west the whole of Lim Chu Kang. 10 million peoples also no problem.

laksaboy · Oct 28, 2015

aerobwala said:
Actually still a lot of land under utilised, in the north between Yishun and Seng Kang, on the west the whole of Lim Chu Kang. 10 million peoples also no problem.

Indeed, there is no limit when you're greedy and economic gains is the only motivation in life. More! More! More! :biggrin:

Buckethead · Oct 28, 2015

Not surprise at all....Singpost paya lebar now under partial renovation...

Angeal · Oct 29, 2015

What is worse is the handling of your mail and packages. Broken by Tiong postman?!

ChenHaoNan · Oct 29, 2015

there is no end to pap's greed ... Bastards will sell their mothers if can get good price

laksaboy · Oct 29, 2015

ChenHaoNan said:
there is no end to pap's greed ... Bastards will sell their mothers if can get good price

They will also pimp their mothers for a good price. :biggrin:

frenchbriefs · Oct 29, 2015

shitty business,alot of singapore companies are dieing,so they are diversifying into real estate investment to prop up their dieing companies,smrt is doing this,keppel is also doing this.this just shows how facepalm bad sinkies are at doing business.cant even survive when u have a government mandated monopoly.

to be honest sin wong hoo and creative should have done this long ago,diversified his portfolio into real estate when his company was going down the drain and he still had time and resources to do so.back in 2000,sim wong hoo was worth over 1 billion when creative share price was at $60.now the stock price is less than $1 and not even worth toilet paper to poop on.worse still the idiot went and sold his golden goose,his $200 million dollar office building to keep his shitty company alive.what a terrible businessman,going from $1 billion networth to nothing,company slowly dribbling away into nothing like a alzheimer's patient.

frenchbriefs · Oct 29, 2015

this is what happens when u have a one party government and a monopoly state controlling 1/3rd of ur economy and gdp,stagnation and zero innovation and a entire country's economy being life support system for jiak liao bees.

all these paper generals and paper scholars who have no idea how to do business and entrepreneurship like li ka shing,end up being rent seekers and real estate managers.dunno how to boost the gdp just choose the easy way out and import cheaper better faster and relying on inflation and rent control.

singapore is just a 3rd rate city

Papsmearer · Oct 29, 2015

This is exactly what happened to SMRT. They went away from their core business which was the mass transportation of people and hire Paik to go into other streams of revenues like retailing what other fuck business. In the end, getting away from the core business meant neglecting it and hence u have all the major disruptions to the trains. This will happen to SingPost too if they get away from their core business.

Onitsuka · Oct 29, 2015

Papsmearer said:
This is exactly what happened to SMRT. They went away from their core business which was the mass transportation of people and hire Paik to go into other streams of revenues like retailing what other fuck business. In the end, getting away from the core business meant neglecting it and hence u have all the major disruptions to the trains. This will happen to SingPost too if they get away from their core business.

The government only knows one method of doing business - buy up lands and rent them to you. Slowly and surely they will have you by your balls - when you grow, they grow even faster. When you flop, they still grow.

It's not nice to have one single government department buying up all the lands. In order for the Super Landlord to remain discreet, government departments not customarily involved in land and investments will have to chip in as proxies.

At the end of the day, all businesses are controlled by the Super Landlord. When they say : "One People, One Nation, One Singapore", they really mean it.

Papsmearer · Oct 29, 2015

Onitsuka said:
The government only knows one method of doing business - buy up lands and rent them to you. Slowly and surely they will have you by your balls - when you grow, they grow even faster. When you flop, they still grow.

It's not nice to have one single government department buying up all the lands. In order for the Super Landlord to remain discreet, government departments not customarily involved in land and investments will have to chip in as proxies.

At the end of the day, all businesses are controlled by the Super Landlord. When they say : "One People, One Nation, One Singapore", they really mean it.

You are right. Every one thinks there is a real estate or property market in singapore. There is no such thing. I am in the property business. I can tell you that when one entity owns and controls 90% of the land in singapore thru its various stat boards and GLCs, and owns or controls 80% of the housing units in Singapore, there is no such thing as a property market. They can and do fix the price to whatever level they want and because of this monopoly, they can get away with it. If you think there is a free market set by buyers and sellers, you will be mistaken. In this sense, Singapore and the PAP are actually as communistic as the Cubans or the PRC.

halsey02 · Oct 29, 2015

laksaboy said:
They will also pimp their mothers for a good price.

The 70% already pimped themselves & the MIW says... that is a damn good price!...

virus · Oct 29, 2015

aerobwala said:
Actually still a lot of land under utilised, in the north between Yishun and Seng Kang, on the west the whole of Lim Chu Kang. 10 million peoples also no problem.

good idea..... sengkang can be the columbarium hub of asia.

virus · Oct 29, 2015

Papsmearer said:
This is exactly what happened to SMRT. They went away from their core business which was the mass transportation of people and hire Paik to go into other streams of revenues like retailing what other fuck business. In the end, getting away from the core business meant neglecting it and hence u have all the major disruptions to the trains. This will happen to SingPost too if they get away from their core business.

well, they r closed to geylang, they can always consider mail hookers. it's a niche market so the potential is great.

Cheebye money minded PAP, now even SingPost getting into property developments

Alfrescian (InfP) - Comp

Alfrescian

Alfrescian (Inf)

Alfrescian (Inf)

Alfrescian (Inf)

Alfrescian (InfP)

Alfrescian

Alfrescian (Inf)

Alfrescian

Alfrescian

Alfrescian

Alfrescian (Inf)

Alfrescian (Inf)

Alfrescian (Inf)

Alfrescian (InfP) - Comp

Alfrescian

Alfrescian (InfP) - Comp

Alfrescian (Inf)

Alfrescian

Alfrescian

Similar threads