Sheng Siong

Sheng Siong to buy Tampines property for $65m

Supermarket group Sheng Siong intends to purchase a three-storey Housing and Development Board (HDB) commercial property in Tampines Central for S$65 million, it said in a statement on Monday (June 9). Sheng Siong said it has paid an option fee of S$650,000 for the 3,876 square metre leasehold property to the vendor, S-11 Wan Jin Investment. The property is near Tampines MRT station. The proposed...

Sheng Siong wet markets see 5 new tenants despite rent rise

Five tenants have signed on with Sheng Siong despite the 30 percent increase in rent at its wet markets from April, which saw 14 tenants leaving. Two stalls at Yew Tee wet market were quickly snapped up after three tenants left. Serangoon wet market saw two new tenants after the rental increase, while Fajar saw one. Hawkers MediaCorp spoke to said their business can cover the increased rent, and they...

Some stallholders quit Sheng Siong’s wet markets in search of cheaper premises

Some stallholders at the five wet markets hit by the rent hike from Sheng Siong have quit and are looking for cheaper premises. Two stallholders at a market in Choa Chu Kang are not carrying on due to the higher rent they have to pay from this month. It was a blessing in disguise for one of the stallholders. He found a cheaper place at a shop next to the market at 10 per cent less in rent. The contract...

HDB assures residents of marketing needs; reminds Sheng Siong of wet market use

The Housing and Development Board (HDB) has assured residents that it will ensure that their marketing needs are met in the wake of the recent rent hike at five wet markets operated by Sheng Siong. The HDB said it has received feedback from local advisors and residents, expressing concerns over the rent hike. HDB said: "Besides these wet markets, there are also other markets and supermarkets...

Sheng Siong rises rent at 5 wet markets by 30%

Stallholders at five wet markets will have to pay 30 per cent more in rent from next month. They have been informed of the increase by supermarket chain Sheng Siong, which bought the markets over from a private property developer late last year. The five wet markets are in Choa Chu Kang, Bukit Batok and Serangoon. Currently, they pay about S$2,000 to S$3,000 in rent. Many stallholders feel that the...

5 privately owned wet markets to remain as they are even if Sheng Siong takes over

Five privately owned wet markets won't be converted into air-conditioned supermarkets if Sheng Siong takes over. This is because HDB told MediaCorp, the supermarket chain has expressed taking over the wet markets in their existing state. The wet markets are located in areas like Choa Chu Kang, Bukit Batok and Serangoon North. Earlier, stallholders at the Serangoon Wet Market were trying to garner 3,000...

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