Another one bites the dust

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Another one bites the dust

Postby Way2GO » Thu Dec 22, 2011 11:31 pm

Page One will close its last store in Feb, citing high rentals rendering its business nonviable.
Yet d business remains viable n profitable overseas.
Its a home grown company driven out of its homeland. What an irony!
Landlord is Mapletree, a GLC that recently opened a Vivocity style mall in Xian, China.
:frustrated: :slapshead: :stompfeet: :stompfeet: :stompfeet:

Way2GO
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Re: Another one bites the dust

Postby verykiasu2010 » Fri Dec 23, 2011 12:00 am

GLC = high rentals = driving many businesses out of business

go buy the REITs to get back from higher price you have to pay in the shopping mall for your purchases
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Re: Another one bites the dust

Postby Way2GO » Fri Dec 23, 2011 12:22 am

chun bo.
Only upside, downside minimal?

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Re: Another one bites the dust

Postby verykiasu2010 » Fri Dec 23, 2011 2:04 am

Way2GO wrote:chun bo.
Only upside, downside minimal?


bo chun

i said what i said because that is the way the landlord work

see tenants make good revenue, up the rental on renewal, squeeze them dry dry

unit holders of the REIT will be happy because cash distribution will likely go up because got more rental locked in ....

businesses with low margin cannot survive in this kind of rental regime operated by REIT.......as they will tell you they got future tenants lining up to take the place..
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