Enbloc rules- not able to go through in the event that anyone owner loses money in the sales. All other remaining owners to contribute to pay for the ones who are losing money.🤣
Sellers Stamp Duty- 1st year 12%. 2nd year 8%. 3rd year 4%. Pay to the government regardless of losing a large amount of selling.🤢
Chee Soon Juan 徐顺全 30 October at 20:50 · Robinsons. It’s history.
Reports say that it is Covid-19 and online buying that has killed the once proud business. But there’s more to it than just the pandemic and e-commerce.
It’s called rent. High rental in Singapore is killing businesses.
If it’s Covid, then how do you account for the myriad of retail brands that have shuttered in past years: Marks & Spencer, John Little, MPH, Forever 21, Crabtree & Evelyn, Sasa…
And if it’s consumers switching to shopping online, then why did O&G companies like Subsea 7, McDermott, Technip, and Saipem leave too? All cited cost as the main factor behind the exodus.
The R&D arms of pharmaceutical giants like Eli Lilly, Pfizer, GlaxoSmithKline, and Novartis have also left. Business analysts say that high costs contributed to the closures.
Banks like ANZ, Barclays, Standard Chartered, HSBC, the Royal Bank of Scotland, Credit Suisse, Deutsche Bank, Goldman Sachs, and ING have trimmed their operations because, as observers note, Singapore “is an extremely expensive place to do business.”
Cathay Organisation’s executive director, Ms Choo Meileen, pointed out that the high costs of development drive up rent. “It is not the landlord who is the beneficiary of all these fees and costs, it is the Government.”
How many Singaporeans attempting to make it in the retail sector find themselves working their heads off just trying to make the month’s rent?
Between HDB, JTC, CapitaLand, Mapletree, and Surbana, the government is the biggest landlord.
The reality is that the PAP squats on much in this country. unwilling to budge even though its dead weight is suffocating everything under it. I raised these matters in my latest book, Never On Bended Knees.
If Singaporeans don’t push ourselves out from under it, hard as it is, the sun will continue to set on this country.
The SDP has drawn up an alternative economic vision, ideas for Singapore
To have all 3 qualities 100% is like asking for the moon and impossible to achieve. People
ReplyDeletehave different strengths. The signal most ministers are sending out is that they are God and
being"Mr or Mrs Right" at all times. That is what so repugnant and people have stopped
listening. The Prime Minister's choices are having ministers where his time is not waste
spending on how to fix them?
Mr and Mrs Know-it-all authentic quotes.
ReplyDeleteA PhD from know-it-all university must be special.
True! Nobody likes a know-it-all.
Are they Google?
Knowledge is knowing that a tomato is a fruit. Wisdom is knowing not to put it in a fruit salad.
Education is an admirable thing, but it is well to remember from time to time that nothing that is worth knowing can be taught.
Science is about knowing; engineering is about doing.
"The pessimist complains about the wind. The optimist expects it to change. The leader adjusts the sails.”
“The Best Leaders Have A High Consideration Factor. They Really Care About Their People”
Amen.
Jayakumar and Goh Chok Tong who still feels for the country.
ReplyDelete"A leader is best when people barely know he exists. When his work is done, his aim fulfilled, they will say: we did it ourselves." --Lao Tzu
Enbloc rules- not able to go through in the event that anyone owner loses money in the sales.
ReplyDeleteAll other remaining owners to contribute to pay for the ones who are losing money.🤣
Sellers Stamp Duty- 1st year 12%. 2nd year 8%. 3rd year 4%. Pay to the government regardless of losing a large amount of selling.🤢
Chee Soon Juan 徐顺全
ReplyDelete30 October at 20:50 ·
Robinsons. It’s history.
Reports say that it is Covid-19 and online buying that has killed the once proud business. But there’s more to it than just the pandemic and e-commerce.
It’s called rent. High rental in Singapore is killing businesses.
If it’s Covid, then how do you account for the myriad of retail brands that have shuttered in past years: Marks & Spencer, John Little, MPH, Forever 21, Crabtree & Evelyn, Sasa…
And if it’s consumers switching to shopping online, then why did O&G companies like Subsea 7, McDermott, Technip, and Saipem leave too? All cited cost as the main factor behind the exodus.
The R&D arms of pharmaceutical giants like Eli Lilly, Pfizer, GlaxoSmithKline, and Novartis have also left. Business analysts say that high costs contributed to the closures.
Banks like ANZ, Barclays, Standard Chartered, HSBC, the Royal Bank of Scotland, Credit Suisse, Deutsche Bank, Goldman Sachs, and ING have trimmed their operations because, as observers note, Singapore “is an extremely expensive place to do business.”
Cathay Organisation’s executive director, Ms Choo Meileen, pointed out that the high costs of development drive up rent. “It is not the landlord who is the beneficiary of all these fees and costs, it is the Government.”
How many Singaporeans attempting to make it in the retail sector find themselves working their heads off just trying to make the month’s rent?
Between HDB, JTC, CapitaLand, Mapletree, and Surbana, the government is the biggest landlord.
The reality is that the PAP squats on much in this country. unwilling to budge even though its dead weight is suffocating everything under it. I raised these matters in my latest book, Never On Bended Knees.
If Singaporeans don’t push ourselves out from under it, hard as it is, the sun will continue to set on this country.
The SDP has drawn up an alternative economic vision, ideas for Singapore
Not I say one. That Desmond Lee has got half of the brownface genes?
ReplyDeleteSalute Mr Prime Minister. You look well today.
ReplyDelete