Woodleigh Mall faces rising vacancies, tenant reports ‘totally unsustainable’ 30% increase in rent

[Shingoz]

CBRE.....cmi



Management: The mall is marketed by CBRE and Cushman & Wakefield through an expression of interest exercise.

 

[ChenHoNam]

already got starbucks and chagee....

come one fecking luckin.

the mall management really one kind.

 

[daylight]

30% increase is super crazy

 

[Mclairs83]

open laundromat.

everyday sure got people go there wash clothes.

 

[Tetsuconek]

Good good. Very good. Let it tor. Let it become ghost mall. It used to be a cemetery anyway

 

[xiao.xin]

The building belongs to who now ah.

Anyway mai kia, all the tiong restaurant coming your way. The vivo upstairs that one, I see very long also neh toh. They got money to burn one. Burn more maybe better for them also.

As for the landlord, they won't reduce the rent one. Cause the amount of rent will justify to the bank how much they can bankroll. If reduced might tio margin also. Rich man game

 

[shodan99]

Just nice 3 years and lease ended. So some just decided not to continue only mah

 

[Visor9999]

Total mismanagement by REITs

 

[Spike]

One fellow I know told me that the landlord for Jurong Point raised her rental by 3X this coming renewal. She has been there for fifteen years.

 

[redyme]

How irony the photo of the article slap a big big lucky coffee chain

 

[Ayuready?]

One fellow I know told me that the landlord for Jurong Point raised her rental by 3X this coming renewal. She has been there for fifteen years.

Greedy parasites
Never did an honest day of work in their lives
Only know how to fleece people

 

[Mecisteus]

Just let the landlords die lah.

Don't be kumgong.

Can consider if rental is 30% cheaper than market.

That shopping mall is too small.

 

[ApeTruelove]

Just nice 3 years and lease ended. So some just decided not to continue only mah

At least 10 shops not renew but most got replacement liao

 

[Sauron]

At least 1 china fnb taking over as seen from foto

 

[kodomo80]

nvm lah, later all becomes hunan cuisine only. Sgreans love it!

 

[12midnight]

It could be that the very first lease was at a discounted below market rate for the very first batch of tenants due to the fact that Bidadari is a new neighbourhood with most BTOs not TOP-ed yet at that time. Even the bus interchange wasn’t opened and the integrated condo Woodleigh Residences wasn’t TOP-ed yet back then.

Now, a lot more homes are ready, footfall has increased and expect to continue to rise. Rental will sure go up.

 

[Tyrian]

Most stores are corporates who can pay the rents. so why bother?

if cannot afford then go to the nearest hawker centre.

 

[SuperClubby]

30% ish small change to tiong fnb

 

[Kunkka]

Most stores are corporates who can pay the rents. so why bother?

if cannot afford then go to the nearest hawker centre.

Are we reading the same article

 

[Carnage]

only china shops can afford ridiculous rents

no prize for guessing why

Got chagee and a few china hotpot and mala eateries.