He sells fish soup at Maxwell Food Centre btw
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Edited: Jun 24
Engineer turned hawker reportedly tendered insane bid of $6500/month for stall
Engineer turned hawker reportedly tendered insane bid of $6500/month for stall
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Maxwell Food Centre drinks stall bid hits S$6,111/month
How much would you bid for a stall if it is right next to a Michelin-starred stall?
A bid for a drinks stall at Maxwell Food Centre has reached a monthly rental bid of S$6,111.
The stall is located near the Michelin-starred Tian Tian Hainanese Chicken Rice, according to Shin Min Daily News on Nov. 20.
Highest rent among drinks stall at Maxwell Food Centre
According to the National Environmental Agency's (NEA) list of successful tenderers for the month of September 2023, the bid for the drinks stall at the hawker centre was secured by Loh Jwee Hwa for S$6,111.
The tender exercise ended on Sep. 26 for that month.
Loh's drinks stall is located next to the Tian Tian Hainanese Chicken rice stall.
This sum of S$6,111 is reportedly the highest monthly rent among the drinks stalls at Maxwell Food Centre.
Facing a competition of 14 other drinks stalls
Vendors told Shin Min that there are already 14 drinks stalls currently in operation at Maxwell Food Centre, so competition would likely be fierce for the new drinks stall operator.
One vendor selling porridge told Shin Min that the #01-012 drinks stall had already gone through five owners since 2012.
Past records from NEA's website showed that the previous owners' bids ranged from S$1,808 to S$5,588.
Another unnamed drinks stall owner said the existing 14 drinks stalls have similar menus, so the new drinks stall owner might need a way to stand out from his or her competitors.
He also told Shin Min that utility bills, fees to wash dishes and rest days would need to be factored into the expenses too.
Previously in November 2023, another former drinks stall bid at Golden Mile Food Centre reached almost S$6,000 per month.
Two months ago, a successful bid of S$6,810 per month was made for a Newton Food Centre hawker stall.
熟食摊标价大不同！马林百列一摊6800元 牛车水大厦1元标得
最新一轮小贩摊位竞标结果出炉。马林百列熟食中心有人以每月6800元竞标摊位，是这个熟食中心有记录以来的最高价。而牛车水大厦熟食中心则有人出价1元标下摊位。
马林百列熟食中心的这个摊位，9月份投标活动中，吸引至少五人竞标。投标价介于4100元到6800元。
一名摊贩说：“6800元我付不起，太夸张了，我不知道他做什么吃的，如果会飞的可以，如果不会在地下的，应该差不多。”
他补充：“不容易做，到时他卖的价钱也要提高，其实如果是这样的话，大多食客等下会说价钱高。”
马林百列商联会主席程文兴表示：“以前我们的生意70%是外国（人），30%是本地居民顾客。建筑地铁就变成70%本地。明年地铁开始应该是没有问题，现在目前是不赚钱。”
而在牛车水大厦熟食中心二楼，知名油鸡摊位隔壁的这个档口则有人以4040元的高价投标。
这名摊贩说：“我都有下标，我花2000元，他们炒到这样我都摇头。”
另一名摊贩表示：“是很多人，因为（这边）电扶梯刚刚上来。”
这名摊贩则认为：“看他卖什么，如果是有一点新鲜的可能会比较好，因为这边吃来吃去都是那几摊。”
而在小贩中心的另一个角落，这个不止一次开放投标的摊位，在9月份只有一个人以1元进行投标。根据环境局的规定，若第二次仍只收到一份投标的话，这个人很有可能会得标。
根据环境局资料，这个档口只能售卖印度餐。
这名摊贩表示：“没有那个人潮，因为这边的清真认证食物的客人，跟印度食物的客人比较少，很少。”
https://www.8world.com/singapore/september-hawker-stalls-tender-2257801
Stall @ Bendemeer Market & Food Centre smelly smelly has to sell at 50 plates a day just to cover its $5K/month rent!
Someone bidded highest-ever S$6,810/month rental for Newton Food Centre hawker stall
How much are you willing to pay for the rental of a hawker centre stall in the heart of the city?
One tenant has secured a stall, unit #01-50, at Newton Food Centre, after submitting a bid of S$6,810 per month.
This result for the Aug. 14 to 28 tender exercise was published by the National Environment Agency (NEA), which overseas hawker centres in Singapore.
The new tenant is able to sell cooked food, halal food or Indian cuisine at the stall.
Next highest bid nowhere close
The next four highest bids for that stall were S$5,047, S$4,000, S$3,500, and S$3,288.
According to Shin Min Daily News, the reasons for the high bids boiled down to improving business sentiments, office workers returning to work, tourists numbers going up, and the recent school holidays.
Moreover, the rentals charged by coffee shops have also gone up, which is a push factor that drives tenants to operate at more affordable locations, such as hawker centres.
It was also reported that utilities, cleaning, maintenance and miscellaneous fees and costs incurred by a hawker centre stallholder come up to about S$1,000 a month on top of rent.
Demand for Newton Food Centre stalls healthy
Shin Min also reported that demand for Newton Food Centre stalls have been healthy.
Even though there are 83 stalls at the food centre selling a variety of food, vacant stalls are rented out fairly quickly once they are put up on the rental market.
The stall that was rented out for S$6,810 is near the overhead bridge, Shin Min reported, indicating its proximity to an area with expected high footfall.
In the last seven years, the highest rental bid for a stall at Newton Food Centre has more than doubled.
In November 2016, the highest rent was S$2,888.
In November 2019, before the pandemic went full-blown, it was S$4,198.
The highest bid dipped to S$4,088 in July 2020, during the pandemic.
In April 2023, the highest bid was S$6,320.
The latest highest-ever bid marked a new milestone.
Tie-breaker when similar bids submitted
What happens in the event of a tie in bids submitted?
Two similar bids of S$4,019 were submitted for one hawker stall at Block 120 Bukit Merah Lane 1 in this latest tender exercise.
Shin Min reported that a tie breaker to pick one bidder involves drawing lots.
The drawing of lots is conducted by the National Environment Agency (NEA) in the presence of the bidders as witness.
In the event the bidders cannot witness the drawing of lots, third parties who are not involved in the bidding process will serve as representatives to bear witness to the process.
Another siao lang bidded $5555 for a stall at Eunos Crescent Market and Food Centre:
Clearly this is a case of stupid is as stupid does.
Don't write him off so quickly lah, perhaps he might become the next King of Fish Soup - who knows, right?
Frankly I am confounded by his actions. Nevertheless, may he find both joy and success in this new career 🍀
If I want to jiak fish soup, I'd rather go to Han Kee @ Amoy Street Food Centre
Super kum gong kia spotted
Dumb fuck obviously didn't get the memo.
Assuming he opens his stall 6 days a week, rental would work out to $270 per day. He therefore has to sell 45 bowls at 6 bucks each just to cover the daily rental, boy oh boy that sounds like a real tall order :/
I give him 6 months tops before he throws in the towel
$6500简直是太离谱了😲
He may have been a good engineer, but he definitely fucking sucks at being a businessman.