Wet Markets

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...

Business at wet markets down due to suspected rent hike

Five wet markets began their new lease with supermarket giant Sheng Siong on Friday. But some tenants have left, suspecting rental costs would increase after three months. Moreover, stallholders at some markets reported a 20 per cent decrease in customer traffic. At the Fajar Market in Bukit Panjang, five out of 22 stalls have closed down. Among them were those that sold fruits, dried goods and...

New wet market opens in Sengkang New Town

Residents in Sengkang New Town on Wednesday welcomed their first wet market, which is being opened a year earlier than the target launch date. Kopitiam Square houses 120 stalls selling cooked food, meat, vegetables and dried goods. Some stallholders said their rental is 10 to 20 per cent higher than normal rates. But like the residents, they are optimistic about their business prospects thanks to its...

HDB clarifies it cannot interfere in sale of privately-owned wet markets

The Housing and Development Board (HDB) has said it cannot take over the wet markets owned by private operators or interfere with the commercial negotiation between the new owner and the stallholders when such wet markets change hands. The HDB also cannot "impose new requirements that are more stringent on the new owner, compared to those already imposed on the existing one". HDB said this in a statement...

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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