Orchard Xchange becum utter ghost town liao, song boh?

[Johnrambo]

Due to sluggish business and low foot traffic, shopping area Orchard XChange has become a “ghost town”, said tenants there, who were recently asked to vacate the premises as landlord SMRT has chosen to take back most of the units.


Orchard XChange is an underground circular shopping area, located above Orchard MRT station and adjacent to Ion Orchard mall, though the exits to Ion have been closed to control crowds amid Covid-19.

One of the affected tenants, who wished to be known only as Ms Jovi, director of Thai Baang Bakery, said her shop was able to make just S$400 a day and this was already better than some of her neighbours, who would only see S$50 to S$100 a day in sales.

Still, she said what she earned was only enough to cover rent, but not the cost of manpower and materials. She declined to disclose how much she was paying each month.


Another tenant, who owns a hair salon and moved from a previous location to Orchard XChange in 2018, said that because of the poor business, a handful of her staff members gradually left as the salon was barely surviving on the revenue from its regular customers.

https://tinyurI.com/f6hbuets

 

[glockman]

Never knew this place existed. Looks like they can now convert it to a massive underground bunker to save sinkies in times of war.

 

[laksaboy]

The bastard child of public transport and mall retail, for make benefit of a rent-seeking economy.

 

[lostvirgin]

Oh dear, this must be the brainchild remains of that butch.
They should have kept her as a consultant.

 

[laksaboy]

Big chunk of ex-CEO's shares in SMRT forfeited​

PUBLISHED JUL 19, 2013
https://www.straitstimes.com/singapore/big-chunk-of-ex-ceos-shares-in-smrt-forfeited

https://www.smrt.com.sg/Portals/0/PDFs/Annual Reports/2011_SR.pdf

Rental revenue is expected to grow by $7.0 million. Orchard Xchange is scheduled to open in the second quarter of 2011. In FY2012, renovations on seven more
stations, of which five are new, are expected to be completed. The two existing stations are Woodlands and Jurong East. Along the Circle Line, five new stations comprising Botanic Gardens, Holland Village, One-North, Bayfront and Marina Bay will commence retail operations.

 

[AhPuNeNe]

 

[waitifcuk]

Never knew this place existed. Looks like they can now convert it to a massive underground bunker to save sinkies in times of war.

K L N

You should visit.
Once, it belonged to a
Velee Beautiful Queen.



.

.

 

[congo9]

Rental seeking mentality and not much innovation to talk about.
They should shut down the whole strip of orchard road starting from Tanglin down to central point so that people can walk and relax on street.

 

[lostvirgin]

Rental seeking mentality and not much innovation to talk about.
They should shut down the whole strip of orchard road starting from Tanglin down to central point so that people can walk and relax on street.

Darling. Indeed.

 

[zhihau]

Never knew this place existed. Looks like they can now convert it to a massive underground bunker to save sinkies in times of war.

most of our underground MRT stations should be able to double up as bunkers. think we modelled ours after the South Korean versions.

go to South Korea and you’ll realise their MRT system can be easily 6 levels underground with food and water supply and most are already equipped with fire fighting tools placed near strategic areas.

 

[Hypocrite-The]

Big chunk of ex-CEO's shares in SMRT forfeited​

PUBLISHED JUL 19, 2013
https://www.straitstimes.com/singapore/big-chunk-of-ex-ceos-shares-in-smrt-forfeited

https://www.smrt.com.sg/Portals/0/PDFs/Annual Reports/2011_SR.pdf

Why are these powerful 'women' soo ugly?

Big chunk of ex-CEO's shares in SMRT forfeited​

Former SMRT chief executive Saw Phaik Hwa. A sizeable chunk of Ms Saw's share entitlement has been forfeited, the listed rail operator disclosed in its latest annual report. -- NP FILE PHOTO: BENJAMIN SEETOR
Christopher Tan, Senior Transport Correspondent

• Published
  Jul 19, 2013, 7:51 am SGT

A SIZEABLE chunk of former SMRT chief executive Saw Phaik Hwa's share entitlement has been forfeited, the listed rail operator disclosed in its latest annual report.
Of the 100,000 performance share plan (PSP) shares SMRT granted to Ms Saw for financial year 2010, all were forfeited because the company's key performance indicators were not met. And of the 107,800 restricted share plan (RSP) shares granted to her, only 69,400 were actually awarded. The remaining 38,400 shares were not vested in time.
Ms Saw quit in January 2012. And because she resigned, all the 100,000 PSP and 100,000 RSP shares granted for FY2011 were forfeited. The 338,400 shares she did not receive would have been worth $490,680 at yesterday's closing price of $1.45.
SMRT did not disclose what happened to the allotment for FY2012, which would have been granted in August 2011 under normal circumstances.
PSP shares are awarded based on targets set at the start of a three-year period, while the award of RSP shares hinges on performance over a two-year period. The latter has since been revised to one year. Vesting period for such shares is three years.
Since her resignation, which followed two major rail breakdowns in December 2011 that triggered a public inquiry, no other shares were granted to her.
SMRT spokesman Kalai Natarajan said the forfeiture of Ms Saw's shares was "in line with remuneration policy".
Ms Saw would not comment on the share forfeitures when contacted yesterday. She took the helm of SMRT in December 2002. Under her watch, its profits went from $57 million to more than $160 million, and its share price rose from under 70 cents to over $2.30.
Ms Saw's last remuneration package before she left was about $1.85 million.
SMRT's new CEO Desmond Kuek earned $611,000 for the six-month period ended March 2013, according to the annual report. He took the helm from interim chief executive Tan Ek Kia on Oct 1 last year.

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[glockman]

most of our underground MRT stations should be able to double up as bunkers. think we modelled ours after the South Korean versions.

go to South Korea and you’ll realise their MRT system can be easily 6 levels underground with food and water supply and most are already equipped with fire fighting tools placed near strategic areas.

My only concern is there are no smoking areas. How???

 

[jw5]

My only concern is there are no smoking areas. How???

Paste tobacco patch.

 

[glockman]

Paste tobacco patch.

If like that, I will have patches all over my body liao.