1. Maxwell market is just located in an high dense area. And
their rentals defintitely do not fetch such highs.
2. So Kopitiam owns the Carpark lots? And Kopitiam collect the
monies from Car Park as well? This is something new and not report
in paper.
Shouldn't car park lots to be built only if there is a demand?
If people shun that premises, perhaps HDB can forgo the plan of
building that car park.
3. Wow, why won't HDB/NEA sell their advertising space in all
MARKETS/FOOD CENTRES? There are many MARKETS located in much more
premium locations such as Maxwell, Holland V, and I yet to see any
advertising space being built up.
I believe advertising space are been governed by some
advertising regulations, else the whole advertising industry will
tank.
4. Yup lower profit margins? But how low a plate of chicken rice
a stall can sell, if he has high overheads to cover? At present
chicken rice selling at $2.5 in normal food centre stall whose
monthly rental averages $2000. Extrapolate the data, in Seng Kang
Kopitiam, a plate of chicken rice may be at $5. And for lower
profit margin, perhaps $4.5.
5. Oh yes, charge for the toilet, maybe 20cents per entry.
Charge the stall owners high in maintenance fees, in plate
collecting service, in table cleaning service.., and all these may
be $500 per stall. And with that perhaps Kopitiam charges the stall
at $4.5k rental instead.
http://www.sghousing.com/2008/12/24/hdb-invites-tenders-for-sengkang-market/
HDB invites tenders for Sengkang market
THE Housing and Development Board (HDB) began inviting tenders
yesterday for a land parcel in Sengkang New Town for the building
and managing of a market and food centre. The land parcel has a
site area of 6,000 square metres and a maximum gross floor area of
4,000 sq m.
The tenure is for an initial five years with options for another
two terms. The development will house an estimated 100 stalls
offering fresh market produce and cooked food, as well as parking
lots and a drop-off porch.
The tender arose from the Forum on HDB Heartware, which among other
things, recommended the building of wet markets and hawker centres
to promote community bonding and strengthen local identity.
Sengkang was chosen for the pilot project as it is a new town and
many requests have been made for another market and food
centre.
Despite the dismal economic climate, Nicholas Mak, Knight Frank’s
director of research and consultancy, expects the response to be
positive. ‘The Sengkang area is a growing estate housing about
140,000 people at the moment and the location of the market is
quite attractive as well, with it being surrounded by high-density
flats and quite near the MRT,’ he said, adding that the project
would most likely be taken on by a contractor that frequently works
with the HDB.
The project is expected to be completed on or before Dec 31,
2010.
Everything you said may be possible. But it may not be possible
as well. But can you be 100% sure everything is there? Even your
own first post used the words "expected to have".
For all you know, it may be built like FernVale Wet Market,
where there's parking lots on the 2nd floor. Complete with a
coffeeshop, small supermarket, tuition centre, spectacle shop, etc,
etc, etc.
Let me repeat my final paragraph again if you missed it:
In short, everything is just speculation. So... why bother and
complain so much when nothing much has been finalised?
Life has much more priorities than worrying and complaining
about things not finalised.
Thanks.
