Sheng Siong raises wet -market stall rent by 30 % ! Jialat !

[Tiu-leh-see-fart]

wonder why sheng siong wants to buy wet markets from PAP.

I think PAP is using SS to test ground but ground support for big air-con provision shops is no good.
So now, may be they have to force the stall-holders out.

If sheng siong can take over these markets, NTUC will follow suit !


SINGAPORE: Stallholders at five wet markets will have to pay 30 per cent more in rent from next month.

They have been informed of the increase by supermarket chain Sheng Siong, which bought the markets over from a private property developer late last year.

The five wet markets are in Choa Chu Kang, Bukit Batok and Serangoon.

Currently, they pay about S$2,000 to S$3,000 in rent.

Many stallholders feel that the 30—per—cent increase is too high, and a few said they may even give up their businesses.

Some are thinking of passing the costs to customers but are also worried that this would hurt businesses, especially in the face of competition from other wet markets and supermarkets.

Sheng Siong said it had no choice but to increase rental rates, as it had to pay bank interest fees, property tax and maintenance fees after buying over the five wet markets for about S$25 million.

 

[po2wq]

Sheng Siong raises wet -market stall rent by 30 % ! Jialat ! ...

kopitiam, hawker centre n food court prices wil follow suit ...

 

[wrcboi]

haha come on sheng siong can do better than that!!! raise by 100%...theres no one can stop them....let sporns learn it the hard way......66.66% still cant be bothered or dont care and they are very happy......

 

[Cestbon]

Even 30% tenant leave because of rental increase. Less than one month there will be replacement because many PRC/FT will take over.

 

[myfoot123]

Many people already protested when HDB sell wet market to Seng Siong knowing very well the rent will be raised. But our govt Bo Hew the people's cry. Now see what happened, SS came out to suck bloods like PAP. Who suffer in the end? the voters.

 

[konglanjiaowei]

Sheng Siong said it had no choice but to increase rental rates, as it had to pay bank interest fees, property tax and maintenance fees after buying over the five wet markets for about S$25 million.

In other words TALKING BIRD LANGUAGE.
To know what TALKING BIRD LANGUAGE means, look at my nick.

 

[myfoot123]

If SS find it too costly than why buy wet market and pass the cost to poor peasant to pay. I have boycotted Seng Siong. Will be patronising Shop N Save and Cold storage.

 

[johnny333]

Something funny going on in Spore.

Seems like lots of properties are being bought & re-sold to other gov't owned entites. Each time this happens, the rent goes up.

Maybe I'm being paranoid but that's what I suspect is going on.

 

[kiss]

Something funny going on in Spore.

Seems like lots of properties are being bought & re-sold to other gov't owned entites. Each time this happens, the rent goes up.

Maybe I'm being paranoid but that's what I suspect is going on.

This indeed is the case. So called passing of risk to other entity and at the same increasing the cost. Our state companies know how the system works and always use it to their advantages. They thought this so called spending by companies will create jobs... maybe read too much textbooks theories. :oIo:

 

[johnny333]

This indeed is the case. So called passing of risk to other entity and at the same increasing the cost. Our state companies know how the system works and always use it to their advantages.....

I think in the propety market such a practise is known as "flipping". If the gov't is in the business of "flipping" its no wonder its causing asset inflation.

The PAP seems to lack any long term ideas on how to move the country forward. I don't think casinos, more price increase, importation of cheap labor will work if was so easy more countries would do the same.

LKY has made his billions, time for him to step aside.

 

[scoobyhoo]

朱子治家格言

　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　

黎明即起，洒扫庭除，要内外整洁。既昏便息，关锁门户，必亲自检点。一粥一 饭，当思来处不易．半丝半缕，恒念物力维艰。宜未雨而绸缪，毋临渴而掘井。 自奉必须俭约，宴客切勿留连。器具质而洁，瓦缶胜金玉。饮食约而精，园蔬胜 珍馐。勿营华屋，勿谋良田。

三姑六婆，实淫盗之媒．婢美妾娇，非闺房之福。奴仆勿用俊美，妻妾切忌艳妆 。祖宗虽远，祭祀不可不诚．子孙虽愚，经书不可不读。居身务期质朴，教子要 有义方。勿贪意外之财，勿饮过量之酒。

与肩挑贸易，勿占便宜．见贫苦亲邻，须多温恤。刻薄成家，理无久享．伦常乖 舛，立见消亡。兄弟叔侄，须多分润寡．长幼内外，宜法属辞严。听妇言，乖骨 肉，岂是丈夫．重资财，薄父母，不成人子。嫁女择佳婿，毋索重聘．娶媳求淑 女，毋计厚奁。

见富贵而生谗容者，最可耻．遇贫穷而作骄态者，贱莫甚。居家戒争讼，讼则终 凶．处世戒多言，言多必失。毋恃势力而凌逼孤寡，勿贪口腹而恣杀生禽。 乖僻自是，悔误必多．颓惰自甘，家道难成。狎昵恶少，久必受其累．屈志老成 ，急则可相依。轻听发言，安知非人之谮诉，当忍耐三思．因事相争，安知非我 之不是，须平心遭暗想。

施惠勿念，受恩莫忘。凡事当留余地，得意不宜再往。人有喜庆，不可生妒忌心 ．人有祸患，不可生喜幸心。善欲人见，不是真善．恶恐人知，便是大恶。见色 而起淫心，报在妻女．匿怨而用暗箭，祸延子孙。

家门和顺，虽饔飧不继，亦有余欢．国课早完，即囊橐无余，自得至乐。读书志 在圣贤，为官心存君国。守分安命，顺时听天。为人若此，庶乎近焉。

 

[Angelo]

朱子治家格言

　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　

黎明即起，洒扫庭除，要内外整洁。既昏便息，关锁门户，必亲自检点。一粥一 饭，当思来处不易．半丝半缕，恒念物力维艰。宜未雨而绸缪，毋临渴而掘井。 自奉必须俭约，宴客切勿留连。器具质而洁，瓦缶胜金玉。饮食约而精，园蔬胜 珍馐。勿营华屋，勿谋良田。

三姑六婆，实淫盗之媒．婢美妾娇，非闺房之福。奴仆勿用俊美，妻妾切忌艳妆 。祖宗虽远，祭祀不可不诚．子孙虽愚，经书不可不读。居身务期质朴，教子要 有义方。勿贪意外之财，勿饮过量之酒。

与肩挑贸易，勿占便宜．见贫苦亲邻，须多温恤。刻薄成家，理无久享．伦常乖 舛，立见消亡。兄弟叔侄，须多分润寡．长幼内外，宜法属辞严。听妇言，乖骨 肉，岂是丈夫．重资财，薄父母，不成人子。嫁女择佳婿，毋索重聘．娶媳求淑 女，毋计厚奁。

见富贵而生谗容者，最可耻．遇贫穷而作骄态者，贱莫甚。居家戒争讼，讼则终 凶．处世戒多言，言多必失。毋恃势力而凌逼孤寡，勿贪口腹而恣杀生禽。 乖僻自是，悔误必多．颓惰自甘，家道难成。狎昵恶少，久必受其累．屈志老成 ，急则可相依。轻听发言，安知非人之谮诉，当忍耐三思．因事相争，安知非我 之不是，须平心遭暗想。

施惠勿念，受恩莫忘。凡事当留余地，得意不宜再往。人有喜庆，不可生妒忌心 ．人有祸患，不可生喜幸心。善欲人见，不是真善．恶恐人知，便是大恶。见色 而起淫心，报在妻女．匿怨而用暗箭，祸延子孙。

家门和顺，虽饔飧不继，亦有余欢．国课早完，即囊橐无余，自得至乐。读书志 在圣贤，为官心存君国。守分安命，顺时听天。为人若此，庶乎近焉。

LOL. Can someone send this to the old fuck? let him read b4 he go to hell?

 

[Watchman]

Something funny going on in Spore.

Seems like lots of properties are being bought & re-sold to other gov't owned entites. Each time this happens, the rent goes up.

Maybe I'm being paranoid but that's what I suspect is going on.

Because someone blew the whistle on Are Singapore linked companies and banks allowed to buy residential properties ?

 

[Guan Yu]

Isn't this good news for that bapok leetahbar and his FAP IB gang? I recalled they were debating this fiercely some months ago. But my enemy General Lu Bu (in ROTK story mode, not in SBF :p) has just done us a favor by kicking his ass.

 

[makapaaa]

Many people already protested when HDB sell wet market to Seng Siong knowing very well the rent will be raised. But our govt Bo Hew the people's cry. Now see what happened, SS came out to suck bloods like PAP. Who suffer in the end? the voters.

Caught off guard again?

 

[General Veers]

SS must now change their advertisement jingle. It's no longer Sheng Siong... All For Youuuu...

 

[po2wq]

Many people already protested when HDB sell wet market to Seng Siong knowing very well the rent will be raised. But our govt Bo Hew the people's cry. Now see what happened, SS came out to suck bloods like PAP. Who suffer in the end? the voters.

1stly, dat ah hdb oredi hv their pockets full fr tis sale ...

2ndly, who noes, mayb their contract hv a clause dat say dat dey oso hv a share of ah sing song's proifit? ...

 

[halsey02]

SS must now change their advertisement jingle. It's no longer Sheng Siong... All For Youuuu...

It is ALL FOR ME!!! I do to you!!! ha ha ha ha Sheng Siong!! ha ha ha