Rent is killing Singapore

[True Believer]

High or low rental, the clinics still charge very high consultation and medical fees.

Most doctors in private practice are no different from our politicians. Greed knows no limit with these people.

 

[birdie69]

Most doctors in private practice are no different from our politicians. Greed knows no limit with these people.

Many doctors become part time MP to earn more income, greed has no boundary!

 

[True Believer]

Many doctors become part time MP to earn more income, greed has no boundary!

Notice how Dr Koh Poh Koon pushes this old lady he is supposedly helping, into the
background, so he becomes the focus of attention while the press takes this photo.

 

[worcer]

Singapore now at the crossroads again...

Either property prices crash or Singaporeans crash and burn

 

[True Believer]

Singapore now at the crossroads again...Either property prices crash or Singaporeans crash and burn

PM Wong already said that the PAP is going for economic growth at all costs - including sacrificing true blue S'poreans.

 

[k1976]

There is a trickle down effect from overcrowding in S'pore. As ultra rich foreigners buy up freehold land, the price of landed homes shoots up, pushing more people to turn to condo living. Aspiring upgraders are priced out of private homes so purchase 5-room HDB flats, thereby forcing more to buy 4 and 3-room units. The increase in home prices affects everyone in S'pore.

Ish a perpetual self feeding loop for Huat Huat property machine

 

[k1976]

PM Wong already said that the PAP is going for economic growth at all costs - including sacrificing true blue S'poreans.

No worries…. Most Sinki will forget when they receive the $600 in their banks

 

[LITTLEREDDOT]

BHG downsizes Bugis Junction flagship outlet as department stores face shaky future​

Besides the March closure of its Junction 8 store, BHG has shuttered four stores here since 2022..ST PHOTO: NG SOR LUAN
Chin Soo Fang
Jun 08, 2025

SINGAPORE – Department store BHG is downsizing its flagship Bugis Junction outlet – its last remaining permanent store – from three to two levels.

This follows the March closure of its Junction 8 store, which will be replaced by home furnishings brand Nitori. Nitori will also take over the third-floor space BHG used to occupy at Bugis Junction.

The scaling down of BHG’s Bugis Junction outlet comes on the back of other store closures. Besides Junction 8, it has shuttered four stores here since 2022, in Raffles City Shopping Centre, Jurong Point, Clementi Mall and Lot One.


It follows a series of other closures of large department stores here.

“BHG remains a tenant at Bugis Junction on Levels 1 and 2, and we continue to work closely with them to introduce new brands,” said a spokesperson for Bugis Junction. BHG declined comment.

In February, BHG opened a pop-up store at The Centrepoint, which will operate until August.

BHG Singapore began in 1994 as Seiyu Wing On Department Store. In 2007, it was acquired by Beijing Hualian Group, one of China’s largest commercial chain retailers, and has operated under the brand name BHG for the past 18 years.

BHG at Junction 8 shuttered in March after a closing-down sale.PHOTO: LIANHE ZAOBAO
Homemaker Brenda Thio, 53, said: “It is sad that these stores that have been around for so long are either gone or downsized.”

But she said she mainly shops online now. “I hardly shop at BHG and have bought only pillows, bolsters or bed sheets there once every few years.”

A broader trend of decline​

Large department stores here and worldwide have faced decline owing to increasing competition from online shopping, exacerbated by the Covid-19 pandemic.

Japanese chain Isetan will shutter its Tampines Mall outlet in November, after about 30 years.

At its 2013 peak, it had six stores in Singapore. Its last closure was Isetan Katong in Parkway Parade in 2022. After closing the Tampines store, it will be left with two outlets – Isetan Scotts and Isetan Serangoon Central.

Home-grown department store OG closed its Orchard Point store in 2022, after 18 years. Its remaining stores are in People’s Park and Albert Street.

Metro closed its flagship Centrepoint store in 2019 after five years, with two remaining stores at Paragon and Causeway Point.

And two department store chains which used to be household names have called it quits. Robinsons, which still has an online store, shut its last physical store at Raffles City Shopping Centre in 2021, while John Little exited the local retail scene in 2017, after closing its Plaza Singapura outlet.

Market observers said that with e-commerce offering a greater variety of products, competitive pricing and the convenience of home delivery, people are increasingly less inclined to visit large department stores.

“Today’s shoppers increasingly seek personalised, curated and experiential retail experiences,” said Ms Leung Sau Yee, senior lecturer at Singapore Polytechnic’s School of Business. “Traditional department stores, with their generalist, one-size-fits-all model, often fall short of these expectations.”

Many department stores also rely heavily on mall operators to drive engagement, she said. Without distinctive products, brand curation or compelling in-store experiences, they struggle to offer shoppers a strong reason to return.

Department stores have traditionally been anchor tenants in malls. But operating large-scale stores in prime retail locations, such as Bugis Junction, means incurring high rental, staff and inventory costs. As footfall declines, it becomes increasingly difficult to justify maintaining such expansive physical spaces from a profitability standpoint, experts said.

A signboard (above) on the third level of Bugis Junction informing customers that BHG has downsized from three to two levels.ST PHOTO: NG SOR LUAN
Associate Professor Lau Kong Cheen, head of the Singapore University of Social Sciences’ marketing programme, said department stores have been supplanted by large malls that offer a curated mix of specialised outlets. In short, malls are mega department stores.

“Malls house dedicated retailers for categories such as footwear, cosmetics, skincare, fashion apparel, accessories, jewellery and homeware,” he said. “Each speciality store provides a focused brand experience that resonates more with today’s discerning shoppers.”

Professor Lawrence Loh, from NUS Business School’s department of strategy and policy, said: “Department stores cannot continue to be more of the same, providing huge varieties for all customers. If they are everything to everybody, they may end up as nothing to nobody.”

From product-centric to experience-centric​

The scaling down of BHG’s Bugis Junction outlet comes on the back of other store closures.ST PHOTO: NG SOR LUAN
What could make the department store relevant again in a tough market?

Prof Loh suggested merging the physical store with a digital one to offer holistic shopping experiences that are not found online.

“The ‘touch-and-feel’ in shopping is still valuable, but stores must give sufficient incentives to prevent the undesirable consumer behaviour of testing at stores and then going online to purchase elsewhere at lower prices,” he said. “Department stores face the real challenge of being free showrooms for the low-cost e-commerce stores.”

Other experts agree on the need to invest in omnichannel integration with a seamless blend of online and offline experiences, such as allowing customers to purchase online and collect in-store, or checking stock levels in real time, to compete with pure e-commerce players.

Mr Ethan Hsu, head of retail at real estate consultancy Knight Frank Singapore, said that technology such as personalised apps, fitting rooms that use augmented reality and artificial intelligence-driven inventory can improve efficiency and customer experience.


They can also cater to modern preferences like sustainability, he said.

In addition, he suggested community marketing activities that can build loyalty and differentiate stores from online retailers. These include supporting local charities, or hosting community events and cultural celebrations.

Prof Lau suggested that stores frequently introduce thematic changes – for instance, cultural themes from different countries – to their product ranges.

“Just like museums and art galleries – they change their display by curating new exhibits to draw domestic visitors to make repeat visits,” he said.

Exclusive collaborations with brands that have a limited presence in Singapore – including emerging international brands and local designers – could help, Prof Lau added.

And stores can transform themselves into lifestyle destinations by integrating cafes with speciality in-house brews and food, and branded dining ware sold in-store, he said.

Offering experiences such as personal colour analysis, cooking or baking workshops and food-and-wine pairings can make shopping more engaging, and cannot be replicated by online retailers, said Ms Leung.

She added: “Ultimately, for department stores to thrive, they must shift from being product-centric to experience-centric, staying attuned to evolving consumer values and behaviours.”

​

 

[True Believer]

Runaway rental is killing all businesses in S'pore. Soon, all retail will be carried out online, with most savvy shoppers ordering from overseas. The PAP is inviting ultra rich foreigners to buy up freehold land after being fast tracked to SG citizenship. As a result, both sale of properties and rental will skyrocket, so business costs will shoot up, and be passed onto us consumers.

 

[searcher1]

Lying Flat 躺平 is the way to counter back, once the Middle Class cut its spending, the economy will crash.
Bring the pain to the Rich, they can't survive a minute in the ghetto

 

[LITTLEREDDOT]

Japanese ramen chain Kanada-Ya shuts all three Singapore outlets amid losses​

Kanada-Ya's Marina Square outlet has not been in operation since June 8.ST PHOTO: MEGAN WEE

Timothy Goh
Jun 12, 2025

SINGAPORE – Japanese ramen chain Kanada-Ya has ceased all operations in Singapore after its parent company Aspen Group said it is winding up the business due to continued losses.

Mainboard-listed Aspen Group said in a bourse filing on June 11 that it will place Kanada-Ya SG and its wholly owned direct subsidiary Kanada-Ya Restaurants under creditors’ voluntary liquidation, as the subsidiaries are no longer able to pay their debts.

It said: “The challenging conditions of Singapore’s food and beverage sector, including elevated operating costs and soft consumer spending patterns, have negatively impacted the subsidiaries’ business in this segment, resulting in continued operational losses.”


Aspen noted that after the death of the founder and executive director of Kanada-Ya brand’s franchiser, its Singapore units saw a sharp drop in marketing and operational support from the franchiser.

“In light of these cumulative challenges, the subsidiaries’ operations are no longer sustainable and as at the date of this announcement, the subsidiaries have ceased operations at all their outlets,” it said.

Kanada-Ya, which originated in the city of Yukuhashi in Fukuoka, Japan, operated three outlets in Singapore – at Paya Lebar Quarter (PLQ), Marina Square and Jem. Its first outlet here at Paya Lebar Quarter opened in 2019. Some of its signature items included black garlic ramen and truffle-infused ramen.

Jem mall staff told The Straits Times on June 12 that the outlet there had closed its doors on June 6.

At PLQ, the shop lot where Kanada-Ya used to operate was boarded up.

At its Marina Square outlet, an employee from a neighbouring shop said the Kanada-Ya outlet had not been in operation since June 8.


Aspen said the closures are expected to have a positive impact on its net assets and earnings for the financial year ending June 30, 2025.

“The creditors’ voluntary liquidation will also enable Aspen to streamline its operations and focus its resources on its core business segment of property development,” it said.

Kanada-Ya’s closure comes amid similar struggles in Singapore’s food and beverage sector.

Fellow Japanese restaurant operator Japan Foods reported a net loss of $6.2 million for the six months ended March 31, deepening from a $576,000 loss a year earlier.

This comes as Japan Foods’ revenue for the half slid 7.5 per cent year on year to $40.2 million, from $43.4 million.

It attributed this to “tough market conditions” as existing brands, including Yakiniku Shokudo, Menya Musashi and Konjiki Hototogisu, generated lower revenue.

Konjiki Hototogisu also closed three outlets – at Chijmes, Paragon and Jewel.