Originally posted by BillyBong:
[b]Dhoby
Xchange woes: Blame it on bad planning
I read the article, 'Dhoby Xchange - Not open for business' (ST,
Feb 6), and empathise with the situation faced by the tenants at
the Dhoby Xchange.
I understand that SMRT had wanted to launch an opening for the
Xchange sometime in May last year; however, the opening was
rescheduled three times and became an indefinite unknown
thereafter. And I do not agree with the SMRT spokesperson who
claimed that they had 'relentlessly' marketed the Xchange. There
are still many people who do not know that Xchange exists.
SMRT, in opening a shopping mall within its own premises at Dhoby
Ghaut, should know that there would be tough competition from its
neighbour, Plaza Singapura. Thus in terms of crowd-pulling, it
should work with Plaza Singapura to perhaps build a direct access
tunnel from the MRT station to the Plaza basement which will make
commuters walk through the Xchange.
It should also understand that the crowd at Dhoby Ghaut MRT are
mainly working people from that area, or tenants and shoppers of
Plaza Singapura... thus the set-up or decoration outside the
station should be obvious enough for passers-by to notice that
there is another shopping haven within.
SMRT has failed as a landlord to channel its commuters through that
shopping arcade.
Its claim that sales have grown by 70 per cent since May last year
is interesting, so what were sales figures like in May last year?
From what I understand, the Xchange had only a few shops open in
May last year.
As a businessman myself, and comparing the rental in many areas in
Singapore, Dhoby Xchange definitely does not command the kind of
rental I read in the papers.
If we do a 'crowd to rental' ratio comparison with other malls in
the town area, the rental is over-priced... SMRT made a very bad
decision, or I should say bad planning, in the setting up of this
shopping arcade. To be fair to the tenants, they have no ability to
attract the crowds to the location by their own means.
Alan Ng Wee Ping [/b]
Don't you know that this landlord is worst than blood sucking
leech.