27 Dec '11, 4am

No more $2.50 chicken rice soon

No more $2.50 chicken rice soon

Paying $2.50 chicken rice may be a thing of the past soon. The Sunday Times has raised the possibility of that happening by the end of the decade because hawker stall rents are set to soar by more than 10 times in the coming years due to expiring subsidies. Stall holders in 15 food centres told The Sunday Times that hey will either raise their prices or quit the business when the rent hike comes. When this happens, food prices at their neighbouring stalls and at coffee shops and foodcourts, are likely to shoot up too as they sometimes peg their prices to those of nearby hawker competitors, said The Sunday Times.

Full article: http://www.soshiok.com/article/16770

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