RetailBX.sg - Singapore Retail Business Exchange

Go Back   RetailBX.sg > Laissez Faire Corner > Retailing Today
Register FAQ Members List Calendar Search Today's Posts Mark Forums Read


Shops in Chinatown hit hard by new ERP charges

This is a thread in the Retailing Today forums.
Channel NewsAsia - Tuesday, August 12 SINGAPORE: It has been slightly more than a month since evening Electronic Road Pricing ...


Reply
 
LinkBack Thread Tools Search this Thread Display Modes
Old 12-08-2008, 03:54 AM   #1
Senior Member
 
FF Fashion's Avatar
 
Join Date: Aug 2007
Location: City Plaza #02-33
Posts: 219
My Reputation: Points: 10/ Rep Power: 18
FF Fashion is on a distinguished road
Post Shops in Chinatown hit hard by new ERP charges

Channel NewsAsia - Tuesday, August 12 SINGAPORE:

It has been slightly more than a month since evening Electronic Road Pricing (ERP) charges were imposed on vehicles driving into the area around the Singapore River.

While traffic speeds have gone up, businesses in nearby Chinatown have suffered since the ERP kicked in on July 7.

In a recent survey by the Chinatown Business Association, some shopping centres reported their sales fell by up to 50 per cent.

Tourist landmarks such as the Buddha Tooth Relic Temple and the Chinatown Heritage Centre and even good hawker fare could not lure the crowds back.

For example, popular Maxwell Food Centre has seen a 40 per cent decline in business.

The Chinatown Business Association had expected customers to react in the short—term to the new evening charges, which cost up to S$2. But it is now worried that things have not returned to normal after several weeks.

It said the situation does not sit well with the government’s earlier S$90 million plan to inject more vibrancy into the area.

Ho Nai Chuen, vice—chairman of Chinatown Business Association, said: "If you talk about the long run to smoothen the traffic conditions, it’s good for Singapore.

"On the other hand, for small and medium—sized businesses, short—term sustainability is even more important than the long—term. If they cannot sustain in the short—term, I think there’s no future for them."

At the recently—renovated Chinatown Complex, only six in ten shops are occupied. And most food stalls prefer to close early, citing the lack of evening customers.

The association plans to send its members’ feedback to the transport authorities soon. Among its suggestions is an appeal to re—look at the operational hours and pricing structure of the gantries


FF Fashion is offline   Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

Similar Threads
Thread Thread Starter Forum Replies Last Post
Table Space @ Chinatown MRT ses_60 General Retail Discussion 8 07-06-2008 12:32 PM
Shops or space for rental? kinx87 Archive 2008 0 15-03-2008 11:11 AM
Singapore To Raise Land Development Charges admin Enterprise One News 0 03-03-2008 01:50 PM
Looking for anyone with pushcarts or shops space that can be shared strawberrybox Archive 2007 7 07-11-2007 11:24 AM
Subletting of Space in Retail Shops admin Sharing of Retail Space 2 11-10-2007 09:40 PM


All times are GMT +8. The time now is 03:53 AM.


Copyright ©2007-2021 Business In Vogue Pte Ltd. Regn. No. 200900022W . All rights reserved.