Singaporeans Should Boycott Restaurants – We Are Feeding Greedy REITs, Not Just Ourselves.

[jurongwest]

The Hidden Cost of Dining Out in Singapore: A Consumer Rebellion Against the Rentier Economy

A rentier economy is an economy where a big part of the country's income comes not from hard work or producing things, but from collecting rent or ownership fees — like owning land, property, natural resources, or financial assets.

In Singapore, a casual meal for two in a mall restaurant can easily exceed S$50 even without alcohol — a trend rooted in a broader economic imbalance: the dominance of rent-extracting landlords and REITs.

I. F&B Under Pressure: REITs and Rising Rents

Key retail landlords like CapitaLand Integrated Commercial Trust (CICT), Mapletree, and Frasers Centrepoint Trust—many tied to government-linked entities—drive rental growth to satisfy investors. A senior CapitaLand executive openly implied that there is still headroom in Singapore for higher rent growth despite recent rent spikes in last couple of years.

In practice, this means higher rents, higher menu prices, lower food quality, and wages that can’t keep pace.

II. Financial Burdens on Restaurants & Closures

Verified cost data shows: rentals account for 26–31% of monthly costs for typical SME F&B outlets in Singapore . Occupancy costs above 20% are considered unsustainable — CICT’s is 17.1%, FCT’s is 16% . In 2024–early 2025, over 3,000 F&B businesses closed, signaling a stressed ecosystem . Even hawker stall rents for lower-cost operators can easily exceed S$2,900/month, placing heavy strain on small operators.

A lot more at https://urlr.me/aek3v8

 

[Robert Half]

Boycott the overcharging & rude services of Bengawan Solo & Yakun too

 

[creampie]

Just stay at home and cook la

 

[oliverlee]

Boycott the overcharging & rude services of Bengawan Solo & Yakun too

Actually I would say every home grown brand.

 

[searcher1]

Public have no control over REITS as they operate commercial mall & building
But sadly HDB follow their style & causes huge upward spikes in public housing area.
Try to rent a HDB shop, you will notice they use bidding system & the starting bid is already market price.
The end result will be whoever ends up securing the bid, they have to pay commercial mall rates at HDB doorstep
The commercial mall take que from HDB rates & in return HDB take que from commercial mall, ever rising rental.
Now as HDB uses taxpayer's money to build & provide housing/facility for citizen, we want HDB to apply more strict control
HDB shop cannot apply by chain-brand, must be by local citizen. Each Citizen can only allowed rent 1 unit under it's own name
Priority must be given to first time applicant, the industry must be shared & open to public, not monopoly by few individual

 

[nabeifuckpap]

That's why I always say boycott Shitgapore better, total boycott buy only essential items for daily use locally or go rent house in Malaysia/Thailand

If u can't understand this please go IMH for IQ test

 

[OYK]

Capitaland is probably the greediest landlord in SG.

 

[A Singaporean]

What a fucking stupid idea. The real culprit is the party which 65% retards voted for. Who is to be blamed now the Sinkies cannot afford even the basis necessities. Ramesh and friends can afford. So go and jerk yourselves off.

 

[syed putra]

Actually I would say every home grown brand.

Its due to income squeeze.

 

[red amoeba]

Time to buy REITs

 

[True Believer]

The greedy govt leads by example; the greedy landlords are just following the PAP.