I spoke to a hawker stall operator in Bishan North Food Center. He operates half a stall and pays a rental of $5,000 a month. This means $10,000 for a full size stall.
I searched the rental rate for a hawker stall during the 1970s. I was surprised. The subsidised rental was $200 a month. For a non-subsidised, it was $1,250 a month.
See this report
https://www.mti.gov.sg/…/Economic-Survey-of-Sin…/FA_1Q15.pdf
Sure, 40 years have passed. If we factor in an increase of 2% p.a. the rental should go up 2.2 times.
So, the rental in 2018 should be $450 for a subsidised stall and $2,750 for a non-subsidised stall.
The current rental of $10,000 reflects the "rentier capitalism" that is operated by Lee HL. The difference goes to the government and to the middleman.
This is really very sad. We have to vote for a change in the government. This is the only way to change a bad government policy.
I searched the rental rate for a hawker stall during the 1970s. I was surprised. The subsidised rental was $200 a month. For a non-subsidised, it was $1,250 a month.
See this report
https://www.mti.gov.sg/…/Economic-Survey-of-Sin…/FA_1Q15.pdf
Sure, 40 years have passed. If we factor in an increase of 2% p.a. the rental should go up 2.2 times.
So, the rental in 2018 should be $450 for a subsidised stall and $2,750 for a non-subsidised stall.
The current rental of $10,000 reflects the "rentier capitalism" that is operated by Lee HL. The difference goes to the government and to the middleman.
This is really very sad. We have to vote for a change in the government. This is the only way to change a bad government policy.
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