yishun kopitiam which sold for a record S$40M now near empty, due to owner jacking up rents to S$10k/month which forced numerous stalls out

[Sialoquent]

https://www.prolificcrap.com/forum/...-s-10k-month-which-forced-numerous-stalls-out

 

[batman1]

Good news to the owners. HUAT !!!

 

[syed putra]

The intention is to develop the land once its empty

 

[Rogue Trader]

Who did Yishun people voted for?

 

[millim6868]

Serves them right eho they vote for lol

 

[daryl76]

no worries, single hawker cmi and go, those with many branches will come in

like 华仔, 鼎记 etc

 

[rotiprata]

these're sway-lui tactic lah...

 

[Rogue Trader]

The intention is to develop the land once its empty

They are there to sit on the property. No interest to run any business.

Near my place, a decent sized hdb shop space also got bought over by Koreans. Closed for renovation into a restaurant for more than a year. Shut down again after just one month of operation.

Foreign buyers just parking their money in SG lah . If they leave the $$ in their home currency it will just devalue

 

[mojito]

If rentals are low, have to do revaluation then bank margin call mati sia!

Better sit quietly and pay off loan interest like a good boy.

 

[Scrooball (clone)]

All this is demand and supply right. If there is a strong demand from idiots who gladly pay the rental, then it won’t be an issue. So looks like Sinkies still got some hope after all, if they are boycotting this ass coffeeshop.

 

[ilovechinesegal]

Wtf. Coffeeshop 40m. How fast is the roi?

 

[A Singaporean]

Sickipoora needs to upgrade hawker centres to cater for high end restaurants. Poor and xia suay Sinkies please eat st home. You are ruining the appetite of our foreigners.

 

[Balls2U]

Wtf. Coffeeshop 40m. How fast is the roi?

Their real agenda is to do laundry.

 

[daryl76]

Their real agenda is to do laundry.

same like one fried rice sprouting all over the place faster than lice