29 Mar '11, 1am

The Clementi Mall now 100% leased - Yahoo!

looking good & prosperous? fact is only few 'elites' in this project got fat bonus whilst many many ordinary folks suffered due to much higher cost of living! how come? the developer, a GLC bid irresponsibly (or blindly?)- 20% higher than next bidder thereby mall rental much higher; then goods selling pricer and/or shop business run at razor-thin margin; small or budding business can't even start-up becos ALL NEARBY shop rentals also push up. surely those bubble tea heros are back but how long will they survive? what's benefit a heartlander gets other than the aircon comfort? look, another similar case is coming up - bedok ; these GLC have experts & elites running biz like gambler, forgetting that the very seed money GLC started are from all taxpayers. they argue bid price reflects potentials, future values etc of the project but what futures/propect ? big foreign investme...

Full article: http://sg.news.yahoo.com/clementi-mall-now-100-leased-201...

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