limweech
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« on: October 12, 2011, 11:03:26 AM » |
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Sometime in 2009..I recorded the bidding results for the shops at Blk 301 punggol central. Do not remember why I did not post the results on the forum at that time.
Anyway, following were the results. The first number is simply a meaningless running serial number, the second number is the size of the shop in sqm. and the $$ is the monthly rental. This excludes the S&C payable by the tenant to the town council.
28 PUNGGOL BLK 301 #01-06,PUNGGOL CTRL 357 01/08/2009 03:01:02 Fu Chan F&B Pte Ltd $105,000
29 PUNGGOL BLK 301 #01-01,PUNGGOL CTRL 639 31/07/2009 18:56:03 SHENG SIONG SUPERMARKET PTE LTD $64,755
30 PUNGGOL BLK 301 #01-03,PUNGGOL CTRL 41 31/07/2009 17:03:35 One Medical Hall $7,475
31 PUNGGOL BLK 301 #01-02,PUNGGOL CTRL 43 31/07/2009 15:30:52 Alliance Medical Group Pte Ltd $12,488
32 PUNGGOL BLK 301 #01-05,PUNGGOL CTRL 53 31/07/2009 15:09:13 Ng Leeh Huat $10,500
33 PUNGGOL BLK 301 #01-04,PUNGGOL CTRL 41 31/07/2009 14:22:52 Lua Hong Lye $6,283
I believe a pretty good argument can be made, for the profits (rental - cost recovery), that HDB takes in from the community, to be handed over to the Town Council.
If the imaginery "pretty good argument" is accepted, getting the money can probably be done rather easily. example, state that the S&C will be x %, eg. 100%, of the monthly rental paid to HDB for subsequent bidding.
Bidders who have a budget of $100,000/mth will then bid $50,000/mth for the shop space, knowing they have to reserve $50,000 as S&C for the town council.
What can the additional S&C (service and conservancy) be used for? Things like free shuttle bus service, centered around the coffeeshop, supermarket etc. Additional carparks, for shoppers. Well maintained public toilet next to the coffeeshop instead of the coffeeshop operator providing toilet. Fund a charity that services the community. Or setup grants for community projects proposed by residents etc.
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