Six Ion stalls close

[cooleo]

There's a captive market, those who work around there.
These people don't have much choice

That's where u are wrong. Many of those people working there earn v little pay. Mos prob pack lunch or try to walk outside and get cheaper alternatives.

 

[johnny333]

Aren't there cheaper places to eat at, like Lucky Plaza, Far East Plaza, or the hawker centre near Somerset Youth Park?

Yes there are of course other places but the cheaper places will be crowded & you only 1 hour for lunch. I wouldn't be surprised if the landlords Far East & Capital collude in hiking the rentals.

 

[johnny333]

That's where u are wrong. Many of those people working there earn v little pay. Mos prob pack lunch or try to walk outside and get cheaper alternatives.

I used to work in Shaw Buiding many, many years ago and few of my colleagues packed lunches. Back then I ate at MacD, Burger King, Lido Theatre,.. Could have gone over to Far East but didn't always have the time to do that. That place can get very crowded during lunch time

Suspect the landlords will gradually raise the rent until on par with Ion

 

[downgrader]

nowadays rental kills everyone

for the stupid REIT

last time no REIT life so peaceful

REIT for fuck

 

[Lord Imperious]

Rule number 1: Customers don't like to be treated like idiots.

 

[methink]

Rule number 1: Customers don't like to be treated like idiots.

Rule number 2: You can earn my money once but not the second time around.

 

[johnny333]

nowadays rental kills everyone

for the stupid REIT

last time no REIT life so peaceful

REIT for fuck

REIT is just another scam by the PAP. They already own most of the properties in Spore. GLCs have been flipping the properites among themselves, each time raising the "value" . Now they call these properies REITs

 

[Watchman]

REIT is just another scam by the PAP. They already own most of the properties in Spore. GLCs have been flipping the properites among themselves, each time raising the "value" . Now they call these properies REITs

They were created through loopholes .
They did not create value like employment like jobs . But by striking deals .

 

[jw5]

I used to work in Shaw Buiding many, many years ago and few of my colleagues packed lunches. Back then I ate at MacD, Burger King, Lido Theatre,.. Could have gone over to Far East but didn't always have the time to do that. That place can get very crowded during lunch time

Suspect the landlords will gradually raise the rent until on par with Ion

I don't think they will now, because their traffic is already getting lower and lower, with the opening of the new malls.
They need to attract more people somehow, and raising the rents to the current retailers will only make the retailers go away or raise their prices, which will reduce traffic even more.
What I think they will do, is to go for a makeover and increase the rents after that. :(

 

[johnny333]

I don't think they will now, because their traffic is already getting lower and lower, with the opening of the new malls.....

With the closures of those stalls at Ion, I hope the management of the various Orchard Rd malls take note that there is still a recession.

As for the PAP, the only way to get through to them in their ivory towers is to kick them out.