Thursday, January 26, 2012

Pawn and money lending shops

I was at Ang Mo Kio Central looking for a photocopy shop. I was surprised to see so many pawn shops and money lending shops in the vicinity of AMK Hub. It seemed that every other shop is in this trade. Have we became so obsessed with money?




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5 comments:

Lye Khuen Way said...

Let me hazard some possible reasons
1) these outlets are needed to cater to the FTs,
2) some Singaporeans may need them : no choice as HDB flats cannot be mortaged, and banks need collateral...
3) these establishments were authorized by the Authorities for some unknown reasons,
4) part of the GDP growth strategy : the 2 IRs
5) part of the vibrant city / economy
Anyway, it is a sad development.

January 26, 2012 7:37 PM
Xianlong said...

Is same at Clementi. I've written about this sad development last year in my blogpost: http://frugalintrovert.blogspot.com/2011/12/mushrooming-of-pawnshops-all-over-spore.html

Is ridiculous so many outlets within a stone throw of each other.

January 29, 2012 11:55 PM
Anonymous said...

Have you notice that ever since the start of the IR, pawnshop start mushrooming in every of our neighbourhood. I don't know if both are related or is it a mere coincidence.

January 30, 2012 10:05 AM
Xianlong said...

Hi anon 10:05,
I view the weed of pawnshops as a sign that sinkies are overstretched in their finances.

Yhoo news sg reported that sinkies consume resources at '3 Earths'. 1 sinkie = 33 africans

When hyperconsumption is at such a frenzy state one can roughly know the finances.

February 01, 2012 12:48 AM
Anonymous said...

Oh yes, I have noticed it too. In the past pawnshop is so rare that I even took photos for memories record. But now its everywhere after the IR is here, when you switch on the TV you can see different pawnshop spokesmen dancing around. Our country improve..this way?

February 01, 2012 2:48 PM

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