Sheng Siong wet markets see 5 new tenants despite rent rise
SINGAPORE: Five tenants have signed on with Sheng Siong despite
the 30 percent increase in rent at its wet markets from April, which
saw 14 tenants leaving.
Two stalls at Yew Tee wet market were quickly snapped up after three tenants left.
Serangoon wet market saw two new tenants after the rental increase, while Fajar saw one.
Hawkers MediaCorp spoke to said their business can cover the
increased rent, and they did not intent to adjust the price of goods
just yet.
Sheng Siong said their prices are comparable with other wet markets.
Sheng Siong will continue to scout for new tenants to replace those who have left to keep the current rental fees stable.
http://www.channelnewsasia.com/stories/singaporelocalnews/view/1057254/1/.html
When there are smart people, obviously the opposite exist
Wonder why Mediacorp reports on this.
Did Sheng Siong pay Mediacorp to advertise? LOL....
Die liao lor... All other landlords hear can increase rent by 25%, next month all sure increase at least 10% de... then our groceries... $1.00 vegetable become $1.20 liao. 20% increase....
rental up cos govt raised property tax ma.