There're little reasons to go Orchard, pay ERP and parking to squeeze with all the cheap maids parading themselves on the streets when you have the same brands just 5 mins away.
Even old man like me shop online now.
Malls will mati thanks to pap
There're little reasons to go Orchard, pay ERP and parking to squeeze with all the cheap maids parading themselves on the streets when you have the same brands just 5 mins away.
Even old man like me shop online now.
Malls will mati thanks to pap
Even old man like me shop online now.
Malls will mati thanks to pap
Theres absolutely nothing wrong with our shopping malls,if PAP government boost the minimum wage to $16 an hour,I promise ill do my part to boost the economy out of pocket everyday,I will even support our casinos once a week with the levy.sonofabitch have u ever heard of swissland or australia having trouble with their tourism industry?even if there are no tourists,they are supported by tens of billions of domestic spending,kids as young aas 18 flying all over the country holiday and working.how the fuck am I suppose to support singapore economy when im struggling to save 1k per month and living on peanuts?
Cathay is that forsaken mall next to Plaza Sinkie??
Why is that at CBD?
Stagnany domestic earning power cannot match ever increasing merchandise prices, malls can just wait and die if they think they can depend on tourists to come here and buy all these overpriced imports.
Cathay Mall is the mall that also houses Cathay Cinema.
When it reopened, there were at least 2 interesting tenants that drew an interesting mix of customers: a dance school / club and of course, Cathay Restaurant. Both closed down because the greedy landlords jacked up their rents to unsustainable levels.
Rent-seeking Cathay seemed to be ignorant of the fact that these tenants drew in customers for their other shops.
the writing is on the wall when there was over building of malls........... many I dun even hv time to visit!!! so where is biz coming from?
remember Ion just before opening? where is the hype?
I only go neighbourhood malls...go orchard road for wat?
Cathay Mall is the mall that also houses Cathay Cinema.
When it reopened, there were at least 2 interesting tenants that drew an interesting mix of customers: a dance school / club and of course, Cathay Restaurant. Both closed down because the greedy landlords jacked up their rents to unsustainable levels.
Rent-seeking Cathay seemed to be ignorant of the fact that these tenants drew in customers for their other shops.
The last Gramophone outlet was also located there. The landlords of Spore are really dumb. What is the point of increasing rents until you start losing your tenants
Wouldn't it be better to collect less rent but be fully occupied, so that more customers would visit the malls?
Gramophone and borders is dead internationally and bankrupt,why blame it on the reits?blame it on the cheapo sinkies that prefer to obtain their entertainment illegally from pirated vcds and torrent,and prefer korean dramas than the books and arts.
Likewise, anchor tenants in many shopping malls have quit their malls because rental have been increased to unsustainable levels. John Littles quit Tiong Bahru, etc
John Little has quit Jurong Point as well, I heard they might also exit Plaza Sing.
If you go to MBK in Bangkok there are stores selling original DVDs, music CDs,.. etc. DVDs are also available in department store in Siam Paragon. In JB the Popular bookstore there carries music CDs, VCDs, DVDs,.. They also sell them in the Spore stores but only a very limited number when you compare to the Popular store in Malaysia.
In Spore I think the only stores you find in the malls still selling CDs/DVDs is Poh Kim?
So it is not that CDs & DVDs are going out of fashion but rather whether there is enough profit margin to be made in selling them. If you visit Orchard Road the store there are mostly selling branded clothes & accessories with high mark ups. You need the high markup to cover the rentals in Spore.
well those countries arent as advanced as singapore,we mustn't mistaken singapore as the template for the rest of the world.thailand's internet penetration rate is only 29 percent and not all of it is high speed or unlimited bandwidth.so vcds and dvds are still highly relevant in their society just like it was in singapore ten,fifteen years ago.nowadays most of our entertainment come off the internet or cable,and our internet is fast enough to support streaming at 1080 dpi.
Even old man like me shop online now.
Malls will mati thanks to pap