Dr Chee Soon Juan spoke at length during his latest SDP rally against PAP’s immigration policies, which he rightly pointed out, have resulted in issues such as overcrowding and increased cost of living here.
Look at this
What happened to the Old Singagore
“Rents everywhere are too crazy” – Flor Patisserie shutting Siglap outlet after 57% rent hike
If you love
Japanese-style
pastries and cakes, there’s a good chance you’re familiar with
Flor Patisserie. Originally set up in 2010 by
Chef Masataka Yamashita, the brand is now run by
Heidi Tan, who trained under him and has experience from
Le Cordon Bleu. In a recent
Facebook post, Flor Patisserie announced the closure of their outlet at
42 Siglap Drive due to a large rent hike from their landlord.
https://sg.yahoo.com/style/rents-everywhere-too-crazy-flor-020034160.html
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“Never thought our out-of-the-way, 21 mins by bus, 15 min by walk from the nearest MRT station, no-parking-nearby outlet could be worth $8,500 in monthly rent,” read Flor Patisserie’s post. “That was exactly how much we were paying at our now-closed East Coast outlet, that had a much better frontage, with parking and accessibility.”
The post continues, “Honestly, is it really market rate or just property agents playing games? Our market got so good
meh?”
Currently, rental at the Siglap Drive outlet is
S$5,400. Upon renewal of the lease, the landlord raised it to
S$8,500. Flor Patisserie also states that since setting up shop in 2013, their rent was
S$4,000, and between 2013 to 2022, it was only increased by
S$500 to
S$4,500. When the space was acquired by a new landlord, he raised it to
S$5,400.
Credit
Commenters on Flor Patisserie’s social media expressed sadness, with some offering suggestions about potential places that the patisserie could consider looking into.
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The Siglap Drive outlet’s last days of operation are expected to be at the end of June or early July. “Are we closing for good? We are not sure yet. Rents everywhere are too crazy,” wrote Flor Patisserie. “We definitely do not want to fund another investment property buyer’s outrageous mortgage loan.” The patisserie will also be using their last 2 months of operation to bring back old favourites, such as
Earl Grey Choco,
Paris Vert, and
Mango Pie.
Head down soon if you want a final taste before they close!