Rents for Geylang Serai Ramadan bazaar in 2024 to be capped at $15k

[The_King]

SINGAPORE – Stallholders at Geylang Serai Ramadan bazaar in 2024 will have their rents capped at $15,000, Minister of State for Home Affairs and National Development Muhammad Faishal Ibrahim said on Sunday.

“For Bazaar Raya Geylang Serai 2024, we are taking steps to ensure that it is more affordable for our sellers and consumers,”  Associate Professor Faishal said on Facebook.

He is the lead adviser for Wisma Geylang Serai, which is part of the People’s Association (PA) and holds the Ramadan bazaar yearly. 

 

“This will benefit consumers by offering items which are more cost-effective.”

Jointly organised by S-Lite Event Support, TLK Trade Fair and Events, as well as Enniche Global Trading, this year’s bazaar had over 700 stalls and ran from March 17 to April 21.

The Straits Times reported in March the bazaar stallholders’ complaints about high rental costs, which excluded incidental costs and additional premiums for selling certain food items.

 

 

Base rentals for the 2023 bazaar ranged from $2,000 to $19,000, while those who wanted to sell Ramly burgers would have to pay a $4,000 premium.

 

 

Stallholders who sold kebabs were charged a base rental of $25,000.

All food and beverage stallholders were also subject to incidental costs of between $30 and $3,100, including utilities, water supply, fans, coolers, as well as tables and chairs.

The organisers said then that rents were within market rates.

Mr Mohamad Haikel Suhaimi, who operated a Ramly burger stall at the bazaar in 2023, said he would have to think about whether he wants to rent a stall at next year’s edition, despite the rent cap.

“The high rental cost is not the only thing that I have to consider. I have to consider electricity charges, cost of manpower for the long hours, and cost of goods as well,” he said, adding that the premiums were not part of the base rentals in 2023.

Mr Haikel said that he barely broke even this year, and knows of vendors who made losses.

The Straits Times has contacted the PA for more information.

[The_King]

that why MSM aka 154 media report need to decode de.

 

 

2023 say 19k rental have 3 sqm

2024 say cap at 15k rental have 1 sqm

 

 

so say total area have 10sqm =

2023 = 63k = 4 stall (3 stall of 19k and 1 stall at 1sqm)

2024 = 150k = 10 stall ( 10stall at 15k at 1sqm)

 

 

keyword = area how big nv say, only say cap at 15k but nv say area got smaller or same.

 

[aaur4man]

 

Edited October 30, 2023 by aaur4man

[Coffee_O]

11 hours ago, The_King said:

that why MSM aka 154 media report need to decode de.

 

 

2023 say 19k rental have 3 sqm

2024 say cap at 15k rental have 1 sqm

 

 

so say total area have 10sqm =

2023 = 63k = 4 stall (3 stall of 19k and 1 stall at 1sqm)

2024 = 150k = 10 stall ( 10stall at 15k at 1sqm)

 

 

keyword = area how big nv say, only say cap at 15k but nv say area got smaller or same.

 

your calculations seems to apply to our pigeon hole also LOL

[The_King]

5 minutes ago, Coffee_O said:

your calculations seems to apply to our pigeon hole also LOL

ya, it always  same same method

[meng.huat]

never went there before.

read also know is selling over priced junk 

[DynamiteZerg]

It has deviated from the Kampong Spirit thingy to celebrate Hari Raya Puasa to now a money making event for both the authorities and the highest bidder for the event.