Than harder they work than more success, than more the landlord will increase ... with unreasonable rent increases. This is an anti-productive business environment.
High rental is the main killer for businesses in singapore. Usually when landlord sees tenant's business is good, they'll increase the rent to milk off their revenues.
That’s why china had a communist revolution. I don’t think the coffeeshop owner is affected by any GST increases nor did he pay more money for that coffeeshop he had already bought years ago. If government wants to fight profiteering, start with commercial landlords.
@RUHappyATM Being a hawker is so so tiring work super long hrs as compared to the landlords can shake legs to collect thousands of dollars mthly.Government should hve step in to control the HDB cooffeeshops rentals
I always said the no1 issue in the world is rent. These are fixed fixtures/structures for owners/landlords. Upkeep is minimal. They're farming people to death. If we reduce rents/subscriptions by half I can guarantee we'll alleviate alot of struggles in the world.
You wanna say post-LKY government HIGH HIGH talented folks sleeping? How dare you... ... Hahahahahahahahahahahahahahaha~ Hahahahahahahahahahahahahahahahahaha... ... Anyway the food cost is so bl00dy high, I wonder how high can this horse-racing price flying go. So sexciting... ... Hahahahahahahahaha... ...
Well, you can cite trees lah, monkeys lah, the costs lah, and tell Shanmugam or the ministers to do something? The jackass landlords should cite trees lah, monkeys lah, the costs lah, their own family big big lah and ask for cheaper state assets to offer cheaper rents. Why not? Not as if no precedence... .... IF I AM NOT WRONG.
The local fish soup stall raised the price from $4 to $5 and now $6 for a bowl of fish slice soup and the number of pieces also decreased. The owner told me before Covid 2019 his rent was $5k and he was told by March his rent will be increased to $8k when his current contract expires or move out. His only choice is bid for a lower rent area in new estates because after the rent, utilities, ingredients he can only earn around $1.5k/mth after putting in 15hrs/day work.
The government policies regarding manpower combined with lack of regulation regarding rent increases is killing small businesses! Check the definition of “small business” and you’ll be horrified to see that a business with 50 or 100 employees is still considered a small business here! Absolutely ridiculous.
You're talking about socialist-style price fixing? That comes with another set of serious economic consequences. The main issue is inflation and the increased taxes.
The govt has to do something. The high rent starts with HDB/NEA. They should not let it out the big players like kopitam or Koufu. I can understand big players taking Food courts in shopping malls or at in town areas. The neighbourhood coffee shops should be operated my hdb/nea and should directly be let out to stall holders. This will control the rent. It is so simple. Not rocket science. However it is not happening because of privatisation. CPIB should investigate this. Why are the neighbourhood coffeeshops being let out to the big players. Is it because they qoute higher? Then of course the cost will go higher. It is a ripple effect. The govt bodies and agencies does not have to profit in everything. Especially when our ministers are the highest paid in th world.
HDB should not let out by tender system. It should take over as landlord and rent to individual stalls. For renovation and design of the coffee shop it should tender for best design and price.
Gone are the days where investors buy shops with the intent of achieving high yields. Most investors now are just happy to own a shop regardless of what yield it can achieve. Imagine, a $40M coffee shop, in order to generate a 1% yield, you would have to achieve a rental income of $400k per year. That is $33k per month. Assuming the shop has 10 stalls, each has to fork out $3.3k per mth on rents. If its 2% yield, each stall would be $6.6k. How are the stall owners going to survive? Heartland coffee shops belong to HDB. But they are treated like a full commercial entity, ie a shophouse. The sky is the limit in terms of pricing. Once they are in this category, you will bet prices will escalate tremendously. It will come a point when the average person on the street simply cannot afford simple food, we will see these stall owners fold one by one.
The government is by far the biggest landlord and has the power to do something. The profit maximization motive of REITs is also a significant factor in this equation. So long as SG sits idly by and just spews the oft quoted phrase, "let the market forces decide", rent burden will only get worse! Why can't something be done to tax the profits landlords make on coffee shop transactions, similar to the resale levies HDB imposes on HDB residential flat sellers?
excuse me, why u bring ukraine war as the causes? from what angle? fuel costs? no, oil price has come back down to below pre-level prices. grains? it has also come down. the causes are human greed. Landlord hear about the record transaction prices, they thought they could raise the rent further.
Standard script used by state everyday ... Just Like "Better vote for us because of USA and China uncertain relationship" etc... so Ukraine became the standard reply for increased prices
the whole hawker centers thing should go back to NEA. Letting private entities into this space was a huge mistake. They increase the stall rent prices so high to the point that no one wants to be a hawker. Hawkers are recognised as singapore's heritage. Let that sink in. A heritage that very little people wants to take part in.
Many of these multi-million-dollar coffeeshops are located in neighbourhood centres or town centres and are often bought by coffeeshop chains like Chang Cheng, Kopitiam, Bgain, Kimly, Broadway, S11 or Happy Hawkers etc. If you take notice, most of the time food prices in these chain coffeeshops tend to be more expensive than those in non-chain coffeeshops. They pay top dollar for the coffeeshop so they charge top dollar for the rent and consumers end up paying more for their food.
Today's price increases are no longer 30-50cents each time the prices go up. We are seeing increase of $1.00 to $2.00 each round. Even when GST increase by 1%, food prices increased by multiple percentages. Do we blame the hawkers or the high rental and high operating costs. As more and more people depend on hawker food for their meals, it is increasing the costs of living for the majority of people.
The hawker lot rental near my BTO flat was already $7-8k five years ago. I reckon now price should be closer to $10k. The lease is always changing hands and shops don’t last more than half a year. It’s not even a prime area ffs.
I am not a hawker but in my opinion , Government forcing the stall owners to sell some food below $3 also drives up the prices of other items they selling to cover back. High resale price coffee shops drive up rental , Greedy landlords that need to answer to the shareholders and their yearly results as well. High raw materials costs due to inflation and war drives up costs. High water and electricity bills drives up costs as well. High manpower costs due to manpower shortage, hard to hire people drives up the costs as well. High costs like cleaning plates and utensils fees drives up price as well. GST increase leads to everything increase as well. More and more small individual stalls are calling it quits while coffee shops owners and large chain food owners are the winner. They themselves sell the food. Like kimly with their own zi char and dim sum stall , chang cheng with their own cai fan stalls. Sadly the rich will always gets richer while the poor will always get poorer.
agree but rich is richer - poor is poorer. rich is fear of death. poor is not scare of death. rich vs poor. rich need to calm and help poor. Otherwise poor take risky life will increase to damage rich
This is happening everywhere now. Here in Australia businesses are closing due to rent increases and high cost of ingredients forcing prices upwards. The global inflation situation is pretty bad.
Consumer also suffer from low quality food as stallholders try to procure very cheap ingredients to offset the high rental. This affects the population health and productivity in return. Government do not see the overall damages done to the population.
Especially for those who eat such food 2, 3 times daily n permanently. Really not value for money. Just to fill their stomachs while the food lacking in nutrition.
Fully Agree. Increase in rent leads to decrease in the quantity and the quality of food thereby the overall health of population deteriorate, then govt has to fork out more money for health sector. You do the math. It is not worth it in the long run. Our economy depends on our people.
1) high rental price 2) increase in average food price at such places, who wants to pay $8-9 for a meal at coffee shop? Coffeeshops and hawker centre should be lower food prices compared to air-con food court. Personally i only willingly to pay not more than $5-6 at such location for a meal.
Where does 14 millions rental goes to. Does the town council needs so much money. Has their overhead increase 20% .the cost of basic food in the hardland is within the control of the authorities.
Could some of these high multi million dollars coffeeshop owners be doing money laundering? If so, they are causing some serious damage to the lives of the common people.
You think only copi stalls are the problems? As if you go to, say, Toys'Us that things are getting cheaper. Hee hee hee... ... Or if you go to A&E, public service, things are getting cheaper... ... Gimme a break.
@@user-jm6lz3bo4c Who says they are the only problem? Just one of the problems. Especially with all the renovation kickbacks followed by the price hike. If u didn’t know, go find out.
High cost of living induced by GST 9% hike, High COE, Water n Electric tariffs, High petrol taxes, High imported taxes, unnecessary tearing n building. End Result . HAWKER PRICE HIKES -> HAWKER FOOD UNAFFORDABLE -> LESS PEOPLE EAT IN HAWKER CENTRE -> HAWKER STALL GOES BUST -> ITS THE END OF SINGAPORE HAWKER CULTURE !!!
Kopitiam has since been bought over by NTUC -Enterprise - force stall to be raised price-or Else have to move out if can't catch up with the cost A gentle reminder NTUC they are Co operative with a social mission to moderate the cost of living in Singapore!!!
I don’t know what the government is doing. So next time people got no where to eat liao lor. No people wanna go to the industry. Rent keep rising. Why people still wanna start food business?
When lands are auctioned at high prices, there is no choice....everything standing on earth gets expensive....Singapore is getting more and more pricey and driving people and businesses away...
Besides, NTUC Foodfare manages foodcourts, coffee shops, and hawkers centres-although Kopitiam(NTUC Owned) is technically called a “social enterprise” most people don’t see it that way; because it has been running as a for-profit private business for three decades. before taking over!
Thank you PAP. You allowed black dirty money to flood SG and closed an eye and turn a deaf ear when these monies are used to buy properties like coffeshops, residential properties which directly translate to higher rents and sky high prices, a vicious cycle that kills both hawkers and consumers.
Lost the charm in malls n soon eating in SG won't be be enjoyable 😔 Should make rental cost reasonable and very transparent. They will eventually harm economy. Singapore is so small, landlords should be conditioned to make sure there's diversity n reasonable rent. Eventually customers will lose interest to go out...just look at the among of repetitive chian stall around. do something i'm giving up on you...
A proud owner of a great noodle stall in my neighbourhood kpt had to quit and work for another noodle store while using their recipe and not his which sucks cus I really liked the taste he was able to produce
Let's vote in the beloved oppies and I'm sure the oppies will press down the rental price and S'pore will become a better place to do business and S'poreans will live a better life. Am I dreaming ?
The pap herds and congregates average and low-middle-income families into suburban and satellite towns, accommodating nearly a million people. Besides profiting from citizens' lives by speculating and driving up HDB resale prices, the state amasses a vast fortune through operating suburban malls and town squares. The use of bidding systems to sell lands fosters a monopoly on stalls, with high rentals and subletting raising living costs. The population is essentially confined to suburban areas with little incentive to venture beyond, forced to patronize local stores and stalls. Landlords and operators thrive on the dependence of these people, living off their contributions. This is just one area; numerous others, including parking fees, vehicle inspection, insurance, childcare, logistics, shipping, banking, tourism, and the airport, contribute to the wealth of Singapore's governors, their friends, and families. The extent of their wealth might surprise you.
the govt going to do the mrt to jb is going to cause more of the the local singaporeans to go to jb to find cheaper food….. soon all of our local hawkers will face even lesser crowds. The govt on our side or on malaysia side ????
Why isn’t any official following the trails of obscene $takeover of coffeeshop? Unreasonable pricing could means money-laundering or gifts between specific interests.
Its a policy/systemic issue. Can't blame the landlords since they have paid good money and need to reap the profits. Its the Govt who shld fix the current system to ensure that our Singapore hawker culture wld continue for generations to come. So many good food stalls I know have forgiven up primarily due to exorbitant rental increases.
i disagree, consumers are ultimately the ones that can control the prices, too expensive? dont purchase=stalls unable to afford rent=rent drop=property price drop
@@dantofl8811 it seems that you're the one that doesn't know what you're talking about Singapore's PPP is already top 5 in the world cant argue with facts
@@dantofl8811 since when did i mention anything about best country and zero corruption? try not to attack the strawman yea? Anyways good luck in your sad life where you cannot recognize the privileges that you have and find Singapore "expensive"
@@xXPyroMetheusXxso you're saying, ultimately Sprean is too rich, and 10 per meal at hakwer is still pretty much too cheap, and market forces will continue rise until it reach a fair parity. So maybe for Sprean wealth, fair price for hawker meal would be something like 50 dollars eventually in the near future as prices get adjusted to Sprean wealth?
I hope Govt sees my post. The solution is to open hawker centres near to such high rent kopitiams so stall operators can still make a living by renting at low rates. This in term will allow them to price their foods at reasonable prices and also bring our cost of living lower. SG is a very very small island, Govt cannot use the 'free open market' like US, Europe to run SG. And stop offering our HDB shops to private investors who has lots of money to burn.
In the 1990s, hawker stall rent was fixed at only S$600 per month! Who started this bidding system now? He or She is the one who caused food prices to rise! Why bid? Should ballot with fixed rent!
Truly convenient to say the reason is due to the Ukraine war, tens of thousands of km away. How about something closer to home and more pragmatic like the incessant increases in GST and utility ❤ bills, COE, transportation fares, food centre stall rents, etc? Who are the real blood-sucking rent-seekers behind these things?
Before Goh Chok Tong step down as PM. A plate of Won Ton Noodle was $1.50 per plate in Hawker Centre. Now?😂 Thats the difference between competent n incompetent PM.
rental has alway been the main problem for all these price increases yet some papaya party been blaming on the cost of food & labour, simply refused to see the obvious!
People tend to forget that shop owners are also customers, they are the land Lords customers, hence when price is too high the land Lord loses customers too
Congrats Singapore, you are eating your own. Keep those landlords fat and rich. It is long past time for there to be some govt intervention in my humble opinion to cap rent. However I am not an economist or some super educated bueraucrat and maybe there's a bigger plan in play that I just don't recognize. A 20% hike in rent (described here) in just two years is outrageous. That's $1,800 more if the rent started at $9,000
@@andreandree4384 that's nice. But just wondering, aren't the salaries there also much lower? So are you able to find much savings, or already retired?
@@raoplns we are thinking the same thing lol.. :)... myself i will go for S-MM2H , less stringent and entry ticket is way lower, the only thing is you need to stay in sarawak for 30days a year; well.. i think i can manage it..
CNA is the lowest type of news reporting. All hearsay but no concrete numbers from govt. 'Analyst' can be anyone leh. What is the 'aim' of this reporting?
Singapore economy is all about properties. When you visit Batam and pass by Sentosa, you will know how much the government has earned from selling 99 years land in Sentosa. BTW, I have read every issue of Property section in The Edge and properties in Sentosa Cove always sell at a loss.
You can sak the cabinet to cook for you... ... they manage until like that, they should cook for you, isn't it? Hahahahahahahahahahahaha... ... Hahahahahahahahahahahahahahahahahahahahaha... ...
PAP must take over to manage all hawkers stall and kopi tiam to lower rent..food will also become cheaper. private hawkers are Sharks ker-tok customers to be millionairs..
Boycott these corporate owners. On one side they charge exorbitant rents or when they take over a popular brand eg. Hawker Chan/Kok Kee, prices inevitably are raised. Ask them go fly kite.
Tbh, as a stall owner, high rents are 1 issue, but the another biggest issue is the reduced footfall! Businesses just drop by 30-40% from footfall alone, coupled with high rents, COGS, PWM (progressive wage model) = Close shop
Yes, mainly that's 1 of the reason. The truth is, restuarant rental is approx. 40% higher, but they can have x3+ pricing power + service charges and GST rebates, because their food can price in GST and get back the GST rebates, but for stall holders, can they charge GST and people still accept? No, that's the reason! RESTUARANT doesn't need to pay supplier's GST, but stall holders need! That's also why stall holders can't survive. Of course, there's always risk and reward. Restaurants risks are significantly higher, thus have higher rewards. but right now, stall owners are in a super bad position.
customers are avoiding because the food price are getting crazy. As a consumer, if the food cost is reasonable, customers will be glad to return as regulars.
"Many did not want to step forward to comment for the fear of being vocal." What a joke. Because most business owner knows you cannot offend the SG Government cuz if you do. Getting subsidies and apply for Gov schemes will be jeopardize one's business down the road. Ultimately SG Government must step in to control and regulate every coffeshop property prices. At this point in time most coffeshop are being sold at staggering million dollar. Take for example the Yishun coffeshop which was sold at $40 million. A plate of chicken rice nowadays prices depend on location, Jurong side you still can find around $3.50. CBD and areas like Sengkang easily up to $7 onwards. This is how scary food prices are now at, worse is portion also became smaller. Some stall for example a plate of chicken rice cost $7, the rice will be way more than the meat. This is a real situation which SG Government opt to step up, stop using analyst or doing survey. Go take a walk, interview residents and stall owners what are the challenges they face. For residents challenges will be finding the stall that has decent price cuz nowadays buy food you really need to think twice. For stall owners there are many challenges like footfall, property prices, consumer behaviour in that area etc. Simiarly like working for a employer/company "mouthing off" doesn't mean the person is troublemarker. When Singaporeans/employees have legit issues we have rights to raise them. SG rising inflation is a legimate issue especially GST has risen to 9%. Yet wages in SG are not in tandem with rising cost of living, more and more Singaporean will struggle. I strongly urge SG Gov to really step up, understand the reason behind the raise in coffeshop prices and regulate the prices. Cuz every Singaporean knows landlords and operators are out to maximize profit especially raising rental. Opt to keep operators and landlords in check than trying to squeeze both stall holders and customer very dry. If you can't cope just close shop which has happen to many coffeshop in SG. One saying "You die your own business." My area has many stalls come and go, some barely open for 3 months than the store vacant. Some stalls I won't patronize again mainly due to raise in their food menu prices. For example roti prata which now has rose quite a lot.
Boycott SG stalls and go JB to eat to put fear to the owner of the coffee tiam if there no customers and many stalls close shop and no rent they go bankrupt
You all can blame everything n anything. Trace the root cause, its the government doing. If u truly understand 😂 if u voted for them, please dont complain. 😂
Once Govt/stat boards start to compete with private owners, rental goes up, stall owners can’t keep up. Govt should truly look into this….singapore food price, rental is sky rocketing
Will it come to a situation where the coffee shop owners indirectly hold hands with the store holders in burial the coffee shop culture. Unless there is so form of awakening.
Who to blame? Our authorities are not keeping tab on the rising prices of basic food price in coffee shops. The authorities should monitor the greedy coffee shop owners especially coffee shops chains, buying coffee shops at ridiculous price. I remembered at khatib the original coffee shop owner bought the coffee shop less than 1.5m dollars and one year ago sold to a coffee shop operator at 40m dollars. The new owner will charge the new stall owners at higher rental and consumers will have to pay higher food price. How to raise a family and also to take care of ageing parents? Singapore is a land of paradise for the rich only.
![Lp. Сердце Вселенной #1 НАЧАЛО ПУТЕШЕСТВИЯ [Новый сезон] • Майнкрафт](http://i.ytimg.com/vi/380Q7gLWGvk/mqdefault.jpg)
Greedy landlords who do nothing but raise rents are to blame
Who is the biggest landlord? They can even increase water, electricity and other prices
@@johnkoh9362 It's not mutually exclusive dumb dumb. The government AND these multimillion dollar kopitiam chains are driving cost of living up!
Than harder they work than more success, than more the landlord will increase ... with unreasonable rent increases.
This is an anti-productive business environment.
Who is the ultimate landlord? 😂
These owners are slack workers la.
Stalls are good business for good owners with GOOD food.
I own two stalls, business better than ever la.
High rental is the main killer for businesses in singapore. Usually when landlord sees tenant's business is good, they'll increase the rent to milk off their revenues.
Oh well.
Everyone wants to get rich.
That’s why china had a communist revolution.
I don’t think the coffeeshop owner is affected by any GST increases nor did he pay more money for that coffeeshop he had already bought years ago.
If government wants to fight profiteering, start with commercial landlords.
@RUHappyATM Being a hawker is so so tiring work super long hrs as compared to the landlords can shake legs to collect thousands of dollars mthly.Government should hve step in to control the HDB cooffeeshops rentals
@@spong2544
There are rumours that Restaurants and hawkers are much richer than others think, especially when everyone pays cash.
What's wrong to make more profit? Hawkers should just increase the price.
when a coffee shop costs 40 million, it is easy to see why rent is so high. who is inflating all these prices ? this is crazy
I always said the no1 issue in the world is rent. These are fixed fixtures/structures for owners/landlords. Upkeep is minimal. They're farming people to death.
If we reduce rents/subscriptions by half I can guarantee we'll alleviate alot of struggles in the world.
Not an issue if its owned by local individuals. The problem starts when it is owned by corporates.
True. Home ownership also getting difficult to get because sellers want high price while buyer wants lower/ affordable price.
Very true my friend. Humanity is after all an invasive species and plagued by greed. We just take and take.
😂😂😂 why not reduce bank interest rate. Rental is not the core issues
@@ivangeo3319 Agree, buyers need to make a stand. No-one likes to pay and pay. Heard of "buy now, don't pay"?
Greed, unadulterated greed.
You wanna say post-LKY government HIGH HIGH talented folks sleeping?
How dare you... ... Hahahahahahahahahahahahahahaha~
Hahahahahahahahahahahahahahahahahaha... ...
Anyway the food cost is so bl00dy high, I wonder how high can this horse-racing price flying go. So sexciting... ... Hahahahahahahahaha... ...
It's always these greedy, jackass landlords...
Well, you can cite trees lah, monkeys lah, the costs lah, and tell Shanmugam or the ministers to do something?
The jackass landlords should cite trees lah, monkeys lah, the costs lah, their own family big big lah and ask for cheaper state assets to offer cheaper rents. Why not?
Not as if no precedence... .... IF I AM NOT WRONG.
The local fish soup stall raised the price from $4 to $5 and now $6 for a bowl of fish slice soup and the number of pieces also decreased. The owner told me before Covid 2019 his rent was $5k and he was told by March his rent will be increased to $8k when his current contract expires or move out. His only choice is bid for a lower rent area in new estates because after the rent, utilities, ingredients he can only earn around $1.5k/mth after putting in 15hrs/day work.
The ridiculously high skyhigh rental is a real big joke.
KPKB only. Your salary also go up up what? Landlord maintenance cost also increase what
@@1965Singaporean No so high and so fast
The government policies regarding manpower combined with lack of regulation regarding rent increases is killing small businesses! Check the definition of “small business” and you’ll be horrified to see that a business with 50 or 100 employees is still considered a small business here! Absolutely ridiculous.
You're talking about socialist-style price fixing? That comes with another set of serious economic consequences. The main issue is inflation and the increased taxes.
@axolet but the small businesses are always stating high rental is their problem, not inflation
$9000 a month for rent is crazy. That's already above the average salary of Singapore.
Of course.... The whole coffee shop scene is taken over by the big players .... Singapore is DOOMED.
Like this better prepare to emigrate out of this doomed place
Singapore is just too expensive.
for expatriates only
The govt has to do something. The high rent starts with HDB/NEA. They should not let it out the big players like kopitam or Koufu. I can understand big players taking Food courts in shopping malls or at in town areas. The neighbourhood coffee shops should be operated my hdb/nea and should directly be let out to stall holders. This will control the rent. It is so simple. Not rocket science. However it is not happening because of privatisation. CPIB should investigate this. Why are the neighbourhood coffeeshops being let out to the big players. Is it because they qoute higher? Then of course the cost will go higher. It is a ripple effect. The govt bodies and agencies does not have to profit in everything. Especially when our ministers are the highest paid in th world.
Govt Shld have control over bread and butter shops like coffee shops cos most of the ppl will have their lives peg to food from coffee shops
The government is also to be blame! Its ridiculous - GST and utilities. Salary doesn't increase!
consumers are ultimately the ones that can control the prices, too expensive? dont purchase=stalls unable to afford rent=rent drop=property price drop
HDB should not let out by tender system. It should take over as landlord and rent to individual stalls. For renovation and design of the coffee shop it should tender for best design and price.
I agree!
One word: greed.
Greed? Who?
Greed is the blessing of god for some😂
Gone are the days where investors buy shops with the intent of achieving high yields. Most investors now are just happy to own a shop regardless of what yield it can achieve. Imagine, a $40M coffee shop, in order to generate a 1% yield, you would have to achieve a rental income of $400k per year. That is $33k per month. Assuming the shop has 10 stalls, each has to fork out $3.3k per mth on rents. If its 2% yield, each stall would be $6.6k. How are the stall owners going to survive? Heartland coffee shops belong to HDB. But they are treated like a full commercial entity, ie a shophouse. The sky is the limit in terms of pricing. Once they are in this category, you will bet prices will escalate tremendously. It will come a point when the average person on the street simply cannot afford simple food, we will see these stall owners fold one by one.
sad to say we need to stop patronizing such coffeeshops and force them out of business before any possibilities of rents coming down
Totally agree with you,I find the super skyhigh rentals 8K ,10K a big joke.Many good food stalls closed dwn bc of the sky high rentals.
The government is by far the biggest landlord and has the power to do something. The profit maximization motive of REITs is also a significant factor in this equation. So long as SG sits idly by and just spews the oft quoted phrase, "let the market forces decide", rent burden will only get worse! Why can't something be done to tax the profits landlords make on coffee shop transactions, similar to the resale levies HDB imposes on HDB residential flat sellers?
excuse me, why u bring ukraine war as the causes? from what angle? fuel costs? no, oil price has come back down to below pre-level prices. grains? it has also come down. the causes are human greed. Landlord hear about the record transaction prices, they thought they could raise the rent further.
Standard script used by state everyday ... Just Like "Better vote for us because of USA and China uncertain relationship" etc... so Ukraine became the standard reply for increased prices
@@Nerosink2000 i feel the editor and the journalist were just plain LAZY. 'oh its the war.. yep, thats the cause'
We need to put a control on the stall rental, otherwise stall owner & consumer suffer
Who is we????😂
Inflation is one justification for higher civil servant salaries.
@@yamguanchan9643 Inflation is created to serve the plutocrats
You lead were just behind you😂
@@ksneoh3572 increase salary than you all get suffer. cost salary increase by 100%
Singapore is becoming financially difficult for future generations
the whole hawker centers thing should go back to NEA. Letting private entities into this space was a huge mistake. They increase the stall rent prices so high to the point that no one wants to be a hawker. Hawkers are recognised as singapore's heritage. Let that sink in. A heritage that very little people wants to take part in.
GREED will destroy everything
Many of these multi-million-dollar coffeeshops are located in neighbourhood centres or town centres and are often bought by coffeeshop chains like Chang Cheng, Kopitiam, Bgain, Kimly, Broadway, S11 or Happy Hawkers etc. If you take notice, most of the time food prices in these chain coffeeshops tend to be more expensive than those in non-chain coffeeshops. They pay top dollar for the coffeeshop so they charge top dollar for the rent and consumers end up paying more for their food.
And often the food in these chains are not only worse but also more expensive.
Couldnt agree more. Gov should regulate the sale of coffeeshops. Otherwise its a matter of time before the coffeeshop or hawker culture dilute.
@@krs4046 happened already.
Buy new coffeeshop, "fake renovation" with inflated costs to reduce corporate taxes, charge higher rent. Rinse and repeat
Today's price increases are no longer 30-50cents each time the prices go up. We are seeing increase of $1.00 to $2.00 each round. Even when GST increase by 1%, food prices increased by multiple percentages. Do we blame the hawkers or the high rental and high operating costs. As more and more people depend on hawker food for their meals, it is increasing the costs of living for the majority of people.
The hawker lot rental near my BTO flat was already $7-8k five years ago. I reckon now price should be closer to $10k. The lease is always changing hands and shops don’t last more than half a year. It’s not even a prime area ffs.
I am not a hawker but in my opinion ,
Government forcing the stall owners to sell some food below $3 also drives up the prices of other items they selling to cover back.
High resale price coffee shops drive up rental , Greedy landlords that need to answer to the shareholders and their yearly results as well.
High raw materials costs due to inflation and war drives up costs.
High water and electricity bills drives up costs as well.
High manpower costs due to manpower shortage, hard to hire people drives up the costs as well.
High costs like cleaning plates and utensils fees drives up price as well.
GST increase leads to everything increase as well.
More and more small individual stalls are calling it quits while coffee shops owners and large chain food owners are the winner. They themselves sell the food. Like kimly with their own zi char and dim sum stall , chang cheng with their own cai fan stalls.
Sadly the rich will always gets richer while the poor will always get poorer.
agree but rich is richer - poor is poorer. rich is fear of death. poor is not scare of death. rich vs poor. rich need to calm and help poor. Otherwise poor take risky life will increase to damage rich
This is happening everywhere now. Here in Australia businesses are closing due to rent increases and high cost of ingredients forcing prices upwards. The global inflation situation is pretty bad.
@@deezeed2817 In SG nearly everything is own by gorv
Stupid expensive to buy drinks. I bring a flask of hot water then pour a pack of instant coffee, cost about 30 cents.
Been drinking plain water during meals since 2013.
Save the money can buy 4D
Consumer also suffer from low quality food as stallholders try to procure very cheap ingredients to offset the high rental. This affects the population health and productivity in return. Government do not see the overall damages done to the population.
Especially for those who eat such food 2, 3 times daily n permanently. Really not value for money. Just to fill their stomachs while the food lacking in nutrition.
Fully Agree. Increase in rent leads to decrease in the quantity and the quality of food thereby the overall health of population deteriorate, then govt has to fork out more money for health sector. You do the math. It is not worth it in the long run. Our economy depends on our people.
1) high rental price
2) increase in average food price at such places, who wants to pay $8-9 for a meal at coffee shop? Coffeeshops and hawker centre should be lower food prices compared to air-con food court. Personally i only willingly to pay not more than $5-6 at such location for a meal.
High rental ?😂
If we have a control committee to review transport fares, in this context, we need the same controls over shop sales prices and stall rental prices.
I am sick and tired of seeing my favorite stalls come and go.
you can treat them like interesting pasar malam
Time to cook at home like the western countries.
It's all pop-up stores these days! 😅
Wat can u do?😂
@@deschan2246 Just as you can recycle urine to newater, maybe can recycle faeces into food. Then it would be sustainable.
ALL my favourite food stores, nearly all, are dead or going.
Why keep using "Ukraine War" as a reason nowadays to raise prices? Find it really BS by the industry.
Where does 14 millions rental goes to.
Does the town council needs so much money.
Has their overhead increase 20% .the cost of basic food in the hardland is within the control of the authorities.
Could some of these high multi million dollars coffeeshop owners be doing money laundering? If so, they are causing some serious damage to the lives of the common people.
You think only copi stalls are the problems?
As if you go to, say, Toys'Us that things are getting cheaper. Hee hee hee... ... Or if you go to A&E, public service, things are getting cheaper... ...
Gimme a break.
@@user-jm6lz3bo4c Who says they are the only problem? Just one of the problems. Especially with all the renovation kickbacks followed by the price hike. If u didn’t know, go find out.
This year bazaar Ramadan in Singapore I don't even bother going, I just go to JB. $10 can buy nothing. It's crazy the food prices these days.
it's time to pack food from home for lunch in office. .
Cost more to make your own food actually
YA NEED TO GROW OWN VEGGIE AND RAISE CHICKENS
NAD MEAT@@bulls85
@@bulls85Depends on your menu and ingredients. Also can prepare more for two meals.
But many people don't know how to cook at home. They only know how to cook instant noodle with egg
let those owner know that increasing rent doesn't make it any better. Hope no one gonna rent those stall
Tbh how can kopitiam cost 40 million? These landlords really gongtao
ikr..its absurd!
These conglomerates got lots of money to throw.
Money laundering.. 40 mil for 65 remaining lease.. you do the math, how is it financially logical?
rental is always the main issue back in the days , the biggest landlord is the government.
High rents gives ministars next pay increase
High cost of living induced by GST 9% hike, High COE, Water n Electric tariffs, High petrol taxes, High imported taxes, unnecessary tearing n building.
End Result . HAWKER PRICE HIKES -> HAWKER FOOD UNAFFORDABLE -> LESS PEOPLE EAT IN HAWKER CENTRE -> HAWKER STALL GOES BUST -> ITS THE END OF SINGAPORE HAWKER CULTURE !!!
5 % Inflation 😂
@@hugohabicht9957 u believe? 🤣😂
@@deschan2246 That’s what the garment says 🙄😁😤
@hugohabicht9957 🤣😂 they can say anything they want, who is stopping them?
Bring own meal - half hour eat and half hour rest 👻
The hawkers expect to get public to share the costs of high rentals and high utilities bills.
Count me out.
Somebody has to pay
Chain stall owners must not be operating in heartland and HDB had to be main player not sell its at private firm
Kopitiam has since been bought over by NTUC -Enterprise - force stall to be raised price-or Else have to move out if can't catch up with the cost A gentle reminder NTUC they are Co operative with a social mission to moderate the cost of living in Singapore!!!
I don’t know what the government is doing. So next time people got no where to eat liao lor. No people wanna go to the industry. Rent keep rising. Why people still wanna start food business?
When lands are auctioned at high prices, there is no choice....everything standing on earth gets expensive....Singapore is getting more and more pricey and driving people and businesses away...
Besides, NTUC Foodfare manages foodcourts, coffee shops, and hawkers centres-although Kopitiam(NTUC Owned) is technically called a “social enterprise” most people don’t see it that way; because it has been running as a for-profit private business for three decades. before taking over!
Commentary from CNA, Resale prices "could" have lead to higher rental rates, the dumbest statement Yet!! 🙄
Thank you PAP. You allowed black dirty money to flood SG and closed an eye and turn a deaf ear when these monies are used to buy properties like coffeshops, residential properties which directly translate to higher rents and sky high prices, a vicious cycle that kills both hawkers and consumers.
They impose high rent but expect low price for food.. Who is responsible. Always give excuses.
This society is abnormal.
Lost the charm in malls n soon eating in SG won't be be enjoyable 😔
Should make rental cost reasonable and very transparent.
They will eventually harm economy. Singapore is so small, landlords should be conditioned to make sure there's diversity n reasonable rent. Eventually customers will lose interest to go out...just look at the among of repetitive chian stall around.
do something i'm giving up on you...
VOTE PAP OUT!
Are coffeeshops meant for expatriates?
A proud owner of a great noodle stall in my neighbourhood kpt had to quit and work for another noodle store while using their recipe and not his which sucks cus I really liked the taste he was able to produce
High Rent is the main factor ! VTO PAP , A Must !
Let's vote in the beloved oppies and I'm sure the oppies will press down the rental price and S'pore will become a better place to do business and S'poreans will live a better life. Am I dreaming ?
The pap herds and congregates average and low-middle-income families into suburban and satellite towns, accommodating nearly a million people. Besides profiting from citizens' lives by speculating and driving up HDB resale prices, the state amasses a vast fortune through operating suburban malls and town squares. The use of bidding systems to sell lands fosters a monopoly on stalls, with high rentals and subletting raising living costs.
The population is essentially confined to suburban areas with little incentive to venture beyond, forced to patronize local stores and stalls. Landlords and operators thrive on the dependence of these people, living off their contributions.
This is just one area; numerous others, including parking fees, vehicle inspection, insurance, childcare, logistics, shipping, banking, tourism, and the airport, contribute to the wealth of Singapore's governors, their friends, and families. The extent of their wealth might surprise you.
the govt going to do the mrt to jb is going to cause more of the the local singaporeans to go to jb to find cheaper food….. soon all of our local hawkers will face even lesser crowds. The govt on our side or on malaysia side ????
Exactly.. this nonsensical johor partnership is going to sell out sg again like ceca.. only jhk will benefit from it
These days l am constantly on a look out for meals cosing not more than five dollars so i can stretch my dollar a little further. Sigh.......!
Why isn’t any official following the trails of obscene $takeover of coffeeshop? Unreasonable pricing could means money-laundering or gifts between specific interests.
Y? 😂
consumers are ultimately the ones that can control the prices, too expensive? dont purchase=stalls unable to afford rent=rent drop=property price drop
Its a policy/systemic issue. Can't blame the landlords since they have paid good money and need to reap the profits. Its the Govt who shld fix the current system to ensure that our Singapore hawker culture wld continue for generations to come. So many good food stalls I know have forgiven up primarily due to exorbitant rental increases.
i disagree, consumers are ultimately the ones that can control the prices, too expensive? dont purchase=stalls unable to afford rent=rent drop=property price drop
@@dantofl8811 but is it? When you say expensive what are you comparing to?
@@dantofl8811 it seems that you're the one that doesn't know what you're talking about Singapore's PPP is already top 5 in the world cant argue with facts
@@dantofl8811 since when did i mention anything about best country and zero corruption? try not to attack the strawman yea? Anyways good luck in your sad life where you cannot recognize the privileges that you have and find Singapore "expensive"
@@xXPyroMetheusXxso you're saying, ultimately Sprean is too rich, and 10 per meal at hakwer is still pretty much too cheap, and market forces will continue rise until it reach a fair parity. So maybe for Sprean wealth, fair price for hawker meal would be something like 50 dollars eventually in the near future as prices get adjusted to Sprean wealth?
I hope Govt sees my post. The solution is to open hawker centres near to such high rent kopitiams so stall operators can still make a living by renting at low rates. This in term will allow them to price their foods at reasonable prices and also bring our cost of living lower. SG is a very very small island, Govt cannot use the 'free open market' like US, Europe to run SG. And stop offering our HDB shops to private investors who has lots of money to burn.
Food prices go up, and food quality drops due to cost cutting.
Government denied that rental is one major factor for food prices increase.
In the 1990s, hawker stall rent was fixed at only S$600 per month! Who started this bidding system now? He or She is the one who caused food prices to rise! Why bid? Should ballot with fixed rent!
Truly convenient to say the reason is due to the Ukraine war, tens of thousands of km away. How about something closer to home and more pragmatic like the incessant increases in GST and utility ❤ bills, COE, transportation fares, food centre stall rents, etc? Who are the real blood-sucking rent-seekers behind these things?
Tone deaf CNA with their government propaganda as usual
Before Goh Chok Tong step down as PM.
A plate of Won Ton Noodle was $1.50 per plate in Hawker Centre.
Now?😂
Thats the difference between competent n incompetent PM.
So- ask Mr Goh Chok Tong to PM again
He is a nice person 👻
Govt should ask the coffeeshop owner where theybgetv50 million
Stop buying from all this money sucking coffee shop
rental has alway been the main problem for all these price increases yet some papaya party been blaming on the cost of food & labour, simply refused to see the obvious!
People tend to forget that shop owners are also customers, they are the land Lords customers, hence when price is too high the land Lord loses customers too
Government should take control of these private company and set protocols and capped prices.
Are we racing against Tokyo or Switzerland .?😅😢😂
Congrats Singapore, you are eating your own.
Keep those landlords fat and rich.
It is long past time for there to be some govt intervention in my humble opinion to cap rent.
However I am not an economist or some super educated bueraucrat and maybe there's a bigger plan in play that I just don't recognize.
A 20% hike in rent (described here) in just two years is outrageous. That's $1,800 more if the rent started at $9,000
70% voted for it, why complain? 😂
The complaints are coming from the 30% 😂
@mail4500-bx9lb The problem is everybody got hit. 70% are complaining too. 😂 30% has every right to complain, they did not vote for it !!!😂
Singapore now became like HK.
Slowly and surely.. and becoming like tokyo and seoul.. working class will be the ones to suffer.. all because pap keep bringing in foreigners
Good luck guys.
I have long left Singapore because of increasing prices everywhere. And moved nearby where I can get better return on my money 😊.
Where did you go?
@@Rash7 moved to KL..
@@andreandree4384 Well done bro....am thinking the same....waiting for new mm2h to materialize
@@andreandree4384 that's nice. But just wondering, aren't the salaries there also much lower? So are you able to find much savings, or already retired?
@@raoplns we are thinking the same thing lol.. :)... myself i will go for S-MM2H , less stringent and entry ticket is way lower, the only thing is you need to stay in sarawak for 30days a year; well.. i think i can manage it..
Only salary no inflation
CNA is the lowest type of news reporting. All hearsay but no concrete numbers from govt. 'Analyst' can be anyone leh. What is the 'aim' of this reporting?
Singapore economy is all about properties. When you visit Batam and pass by Sentosa, you will know how much the government has earned from selling 99 years land in Sentosa.
BTW, I have read every issue of Property section in The Edge and properties in Sentosa Cove always sell at a loss.
Now it’s time for the workers to bring their own food 😊
You can sak the cabinet to cook for you... ... they manage until like that, they should cook for you, isn't it? Hahahahahahahahahahahaha... ...
Hahahahahahahahahahahahahahahahahahahahaha... ...
Surprise surprise.. what did they expect with million dollar transactions allowed
PAP must take over to manage all hawkers stall and kopi tiam to lower rent..food will also become cheaper. private hawkers are Sharks ker-tok customers to be millionairs..
Private owners must not be in the heartland HDB must be sole owners and rent out to individual
Unlikely, exercising your voting rights has a greater impact! One is coming soon!
Boycott these corporate owners. On one side they charge exorbitant rents or when they take over a popular brand eg. Hawker Chan/Kok Kee, prices inevitably are raised. Ask them go fly kite.
Tbh, as a stall owner, high rents are 1 issue, but the another biggest issue is the reduced footfall! Businesses just drop by 30-40% from footfall alone, coupled with high rents, COGS, PWM (progressive wage model) = Close shop
where do consumers go in place of coffee shops? or do they cook at home?
Fast food are even cheaper sometimes. I go jack place lunch have a set meal about $18, coffee shop charge $15 for a steak. You say k go where’s
Yes, mainly that's 1 of the reason. The truth is, restuarant rental is approx. 40% higher, but they can have x3+ pricing power + service charges and GST rebates, because their food can price in GST and get back the GST rebates, but for stall holders, can they charge GST and people still accept? No, that's the reason! RESTUARANT doesn't need to pay supplier's GST, but stall holders need!
That's also why stall holders can't survive. Of course, there's always risk and reward. Restaurants risks are significantly higher, thus have higher rewards. but right now, stall owners are in a super bad position.
customers are avoiding because the food price are getting crazy. As a consumer, if the food cost is reasonable, customers will be glad to return as regulars.
"Many did not want to step forward to comment for the fear of being vocal." What a joke.
Because most business owner knows you cannot offend the SG Government cuz if you do.
Getting subsidies and apply for Gov schemes will be jeopardize one's business down the road.
Ultimately SG Government must step in to control and regulate every coffeshop property prices.
At this point in time most coffeshop are being sold at staggering million dollar.
Take for example the Yishun coffeshop which was sold at $40 million.
A plate of chicken rice nowadays prices depend on location, Jurong side you still can find around $3.50.
CBD and areas like Sengkang easily up to $7 onwards.
This is how scary food prices are now at, worse is portion also became smaller.
Some stall for example a plate of chicken rice cost $7, the rice will be way more than the meat.
This is a real situation which SG Government opt to step up, stop using analyst or doing survey.
Go take a walk, interview residents and stall owners what are the challenges they face.
For residents challenges will be finding the stall that has decent price cuz nowadays buy food you really need to think twice.
For stall owners there are many challenges like footfall, property prices, consumer behaviour in that area etc.
Simiarly like working for a employer/company "mouthing off" doesn't mean the person is troublemarker.
When Singaporeans/employees have legit issues we have rights to raise them.
SG rising inflation is a legimate issue especially GST has risen to 9%.
Yet wages in SG are not in tandem with rising cost of living, more and more Singaporean will struggle.
I strongly urge SG Gov to really step up, understand the reason behind the raise in coffeshop prices and regulate the prices.
Cuz every Singaporean knows landlords and operators are out to maximize profit especially raising rental.
Opt to keep operators and landlords in check than trying to squeeze both stall holders and customer very dry.
If you can't cope just close shop which has happen to many coffeshop in SG.
One saying "You die your own business."
My area has many stalls come and go, some barely open for 3 months than the store vacant.
Some stalls I won't patronize again mainly due to raise in their food menu prices.
For example roti prata which now has rose quite a lot.
because they are making money
Boycott SG stalls and go JB to eat to put fear to the owner of the coffee tiam if there no customers and many stalls close shop and no rent they go bankrupt
Many businesses do not break even and go bankrupt
It is time for a change.
Change the envoirnment ?
@@capricorn839 whatever suits your bill
wasn't 9% GST supposed to solve all these problems?
For future generation. When future generation came, they say for future generation. 😂
You all can blame everything n anything. Trace the root cause, its the government doing. If u truly understand 😂 if u voted for them, please dont complain. 😂
Once Govt/stat boards start to compete with private owners, rental goes up, stall owners can’t keep up. Govt should truly look into this….singapore food price, rental is sky rocketing
Will it come to a situation where the coffee shop owners indirectly hold hands with the store holders in burial the coffee shop culture. Unless there is so form of awakening.
The rich is driving up the property price, and common people suffer the high rent. This is capitalism, what can we do.
Rental is the number one killer and had increased so much it destroyed living hood of many people..cost are going out of control..
Simple but commonly enjoyed dish are going extinct because they are not lucrative enough!
Who to blame? Our authorities are not keeping tab on the rising prices of basic food price in coffee shops. The authorities should monitor the greedy coffee shop owners especially coffee shops chains, buying coffee shops at ridiculous price. I remembered at khatib the original coffee shop owner bought the coffee shop less than 1.5m dollars and one year ago sold to a coffee shop operator at 40m dollars. The new owner will charge the new stall owners at higher rental and consumers will have to pay higher food price. How to raise a family and also to take care of ageing parents? Singapore is a land of paradise for the rich only.
Food industry is hard and indeed u will nv break even for perhaps 2 years. It is a labour of passion and love.
High rental is the major reason why the cost of food are so high recently.
Don’t be lazy cook at home boycott all these greedy landlords