Taking the lead from the GLC companies increasing steep rents, may - TopicsExpress



          

Taking the lead from the GLC companies increasing steep rents, may coffee shop owners crazily dive in the trend of 50 - 100% rental increases. E.g. 5 yrs ago Lorong Kilat Commerical units could only secure S$1,500/mth rentals. When Beauty World MRT station was announced, rentals shot up to S$3,000; 2 yrs ago S$4,500; today S$6,000!!!!!!! The moment a shop is closed, there is a long waiting list of bidders.within a month of renovation, a new shop is ready to open! Food Prices also going up. E.g. 4 yrs ago, Kim Family Korean Restaurant started S$6/pax for its now famous set dish; today S$10 - S$12/pax!
Posted on: Sat, 21 Sep 2013 02:22:37 +0000

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