Tag Archive | "Takashimaya"

S’porean man offers to let Takashimaya rent his 3-room HDB flat for $1.50 per square foot

S’porean man offers to let Takashimaya rent his 3-room HDB flat for $1.50 per square foot

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He feels sad they might have to close down after Ngee Ann City wants to raise rental.



A Singaporean man has offered to let department store Takashimaya rent his 3-room HDB flat to operate out of for $1.50 per square foot rental price.

This after the landlord Ngee Ann City wants to raise the rent of Takashimaya from the existing rate of $8.78 per square foot to $19.83 per square foot a month.

The Singaporean man, Saren Fang Huo, said: “My three-room flat unit in Ang Mo Kio is quite centrally-located. It is 754 square feet, so it is going for $1,131 a month.”

“One bus stop from the MRT station, quite convenient for shoppers.”

“It is sad knowing that after 22 years, Takashimaya would have to close down because of the hefty rental price impose by Ngee Ann City.”

“My place can serve as a nice abode for them to continue selling their kitchen ware and cosmetics.”

“If Takashimaya is not keen, I will be extending my offer to Yaohan.”

At press time, Sogo is contemplating taking up the man’s offer.






‘Takashimaya is a greedy pig’

‘Takashimaya is a greedy pig’

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Singaporeans angry as mall raises rental by more than 50%, causes Coca restaurant to close down.

Bye bye

Bye bye

Coca restaurant, one of Singapore’s most famous steamboat eateries, has closed down on Feb. 17 after 17 years of operation at the fourth floor of Takashimaya Shopping Centre.

The reason for shutting down?

According to the restaurant, they are not renewing its lease as rental is being increased by over 50 percent.

This has caused a lot of unhappiness among food-crazy Singaporeans.

And angry enough for them to dwell on what is wrong with Singapore’s rentier capitalism.

One angry Singaporean, Nina Beh, said: “Takashimaya is a greedy pig. They have deprived the population of steamboat.”

Although no one is heading to Hong Lim Park over this matter just yet, things might be coming to a head.

Another socialist-minded local, Bu Gong Ping, said: “Closing down a restaurant will only bring hardship to the workers. What have they done to deserve this? Why is it unacceptable for Takashimaya to just make slightly less profits?”