Marine Parade hawker who placed record S$10,000 bid for stall says it is worth it
#1

https://www.channelnewsasia.com/singapor...ll-4554261
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#2

钱多不会拿去做慈善。

“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
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#3

(20-08-2024, 07:55 AM)Levin Wrote:  https://www.channelnewsasia.com/singapor...ll-4554261

At those rental rates, there will be more vacant stalls once the current leases expire. Meanwhile, this hawker will probably have to serve up overpriced kid's size meals in order to turn a profit. 
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#4

Quote:Ms Yang Ailan, who already runs a drink stall in the same food centre, made the second-highest bid of S$10,158 for the vacant unit in Marine Parade Central Market and Food Centre.


Alot of people say he stupid and budded too high. Read the article closely ...he has another stall there jn operation for some time....so he knows the market better than all these people.

I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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#5

The reasons are....

1  Everything is expensive there, so she will probably sell the food at high price to cover the rental.
2  That place hardly got stall for rental. So this stall available is an opportunity that must grab..
3. Business is brisk in that place.
4  Finally most important is rental will be automatically adjusted to market rate after 3 years. So, her rate will be adjusted downward.  So as long as she can hang on for 3 years even with little profit, situation will improve after 3 years when the rental is adjusted to market rate.

So  she is looking long term.     Rolleyes

 Thinking is difficult, that's why most people judge
                    Carl Jung
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#6

He got free advertisement ma. If he spend on advertising his stall, he probably may pay more.

Laughing
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#7

A lot of things can happen in 3 years... Tongue

She take P or M and how many? Tongue

“Three things cannot be long hidden: the sun, the moon, and the truth” – Buddha.
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#8

make others follow? reevaluating of assets? new laundry using food stalls out goes sentosa?
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#9

So the conclusion is Hawker are making tons of money ! They will take every opportunity to increase price and reduce amount. It's outright rampant profiteering out there. Hawkers are no longer the same as yester years, they are way better than a salary man.
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#10

of course have to say worth it lah. say not worth can lower the rental? smart way to stretching the media dollar. Rotfl
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#11

rental only part of business cost..
able one can make money. not able one lost and exit.
they will try to sell high price product. else difficult to recover cost.
maybe later can sell to money laundering party and make some. potential police can monitor them.
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#12

Very strategic location. There are many condos along the new TEL, and MP fc and market is the only one in that area
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#13

That hawker centre mostly very expensive food.
And this China auntie's coffee stall called 84 something...the coffee is not nice at all. Recommend AVOID.
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#14

This is a nasty reminder to us. Do not go to Marine Parade hawker center!
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#15

Several years ago there was this famous beef noodle stall at MP.  I always eat here or at the ckt stall.

Updated - later he moved to Tampines and now at Bugis Junction.

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https://sgtalk.net/Thread-Sin-Heng-Heavy...ffer-58cts
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