Just came across a Business Times article stating that retail shops and restaurants are shutting down in Singapore. This is not just limited to the smaller shops but also big brands like Haidilao, Burger and Lobster and Eggslut.
Is it any surprise? Higher prices are due to high rents charged by landlords. This results not just in higher prices but food with poorer quality and smaller food portions. Singapore has become one of the worst places now to eat and shop. No value for money whatsoever.
Will something be done? It’s like watching a meteor slowly coming towards you to crash your party and the people below just staring at it and not doing anything and perhaps hoping it won’t crash on them.
It is going to crash and the warning signs are going off strongly. I do hope this government does something real soon and not keep repeating the refrain that it’s because of market forces. That argument is not going to help anyone but the landlords. We need to stop burying our heads in the sand.
daily musings 
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