Why would one bid $17230/ month for a 26sqm shop in Geylang?

• iamgoondu

  19 Jun 09, 16:50

   

  Saw the following bidding in hdb website...

   

  Imagine one bid $13480/ month and another bid $17230/month for a 26sqm shop! What's so great about this location? Can someone enlighten?

   

  26 sqm, that's not even half the size of a typical 3 room flat!

  What business they going to run to break even? Sex trade or gambling den?

   

  1	GEYLANG	BLK 1 #01-197,GEYLANG SERAI	26	1,900	Shop	17,230	CCD6317	8 min

  1

  GEYLANG

  BLK 1 #01-198,GEYLANG SERAI

  26

  19/06/2009 16:21:08

  HONG MING STORE PTE LTD ct ken trading A.Kiren fashion2 GLAMOUR @ FEROZ KHAN UNKNOWN FIRST PRICE TRADING morrison optical pte ltd Asia Time Marketing M.SANI TRADING D'Sofia Traders Al Barakah Jamu Centre Tawakkal Trading Peaches and Cream Leau Chiap Kin illaishah creations Princess Illaishah KAH HUAT TEXTILE CO KAH SOON TEXTILES & DEPARTMENT STORE TBA xiaodi NR JUBILANT LEARNER SECOND CHANCE PROPERTIES LTD Naj Enterprise lee video & laser pte ltd Leong brothers sofa mfg KIM AIK HONG Perwira Music BASHEER GRAPHIC BOOKS ALVINUR Ayisa's Tradings to be registered efen reyes unisex hair and beauty salon KINO OFFICE FURNITURE PTE LTD Capital Development Enterprise Pte Ltd

  $13480 $13455 $13430 $13333 $12888 $11850 $10888 $10400 $10225 $10125 $10100 $9055 $8000 $7600 $7288 $7228 $6938 $6913 $6836 $6488 $6000 $5125 $5027 $4343 $4200 $4077 $4050 $4025 $3978 $3413 $3077 $3025 $2913 $2888 $2300

   

   

   

   

   

   

• angel7030

  19 Jun 09, 16:55

  one got money, u care so much for what??

• iamgoondu

  19 Jun 09, 17:10

  The final bid was $17755 / month. And it was submitted by a 'minimart' business owner.

  Wow, never know a 'minimart' can generate so much monies!!! The '7-11' must be earning like hell.

   

• Ah Chia

  19 Jun 09, 17:11

  But why you care?

   

• iamgoondu

  19 Jun 09, 17:16

  I am concerned with the expenses being transferred to we lay people.

• youyayu

  19 Jun 09, 20:25

  17k?

  $5 nissian cup noodles

  $3 1.5L coke

  $4 1.5L coke in fridge

• ditzy

  19 Jun 09, 21:24

  Originally posted by youyayu:

  17k?

  $5 nissian cup noodles

  $3 1.5L coke

  $4 1.5L coke in fridge

  $90 handphone with pre paid cards.

• caleb_chiang

  19 Jun 09, 22:39

  Chey... I heard of higher rents than that...

• lianamaster

  22 Jun 09, 17:39

  Well...to ts, dun patronise his shop if you think he's overcharging you. U dun lose anything.

  He bidded so high; it's his business anyway.

• gigabyte14

  22 Jun 09, 17:50

  u have no idea how good the business is in geylang

  u have no idea

• M the name

  22 Sep 09, 16:41

  Don't your know what is going on in the future? When the IR resort is builded in Marine Bay, once it completed,their area of "influenue" will extend to Gelyang and for the sake of clean image for future tourist attraction, the government will eventually forced to clean up the whole Gelyang and soon it will be a Very Very Clean and neat neighbourhood.Most importantly, currently now the property cost in Gelyang is low, but once the IR resort is build, their land will be most worthy.I can see that some brilliant Singaporean already make their move   ^_^ .