Many retail and food outlets find it difficult to survive due to high rentals.
I asked this question in The Wisdom of the Crowd - How can the government help the retail and F&B sector to cope with high rentals?
41% of the people who voted said - Do nothing. Let the businesses fail. The landlords will be forced to reduce their rental.
Another 12% said - Do nothing. Let the business upgrade and look for new businesses to survive.
This makes a total of 53%.
The remaining 47% like the government to step in and provide a rental subsidy or remove the property tax.
It is a difficult question for the government and for the public opinion. It will be tough and painful for the businesses and economy.
See the breakdown of the votes here:
http://www.wisdomofthecrowd.sg/chart.aspx?ID=351
I asked this question in The Wisdom of the Crowd - How can the government help the retail and F&B sector to cope with high rentals?
41% of the people who voted said - Do nothing. Let the businesses fail. The landlords will be forced to reduce their rental.
Another 12% said - Do nothing. Let the business upgrade and look for new businesses to survive.
This makes a total of 53%.
The remaining 47% like the government to step in and provide a rental subsidy or remove the property tax.
It is a difficult question for the government and for the public opinion. It will be tough and painful for the businesses and economy.
See the breakdown of the votes here:
http://www.wisdomofthecrowd.sg/chart.aspx?ID=351
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