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Record bid for Marine Parade hawker stall: High tender prices not the norm, says Koh Poh Koon

Channel News Asia LogoChannel News Asia3h ago

Record bid for Marine Parade hawker stall: High tender prices not the norm, says Koh Poh Koon - Channel News Asia

Quick Summary:

The median successful tender price for cooked food stalls across hawker centres was about S$1,800 in 2023, said the Senior Minister of State for Sustainability and the Environment.

MP Yip Hon Weng (PAP-Yio Chu Kang) asked whether the bids pointed to a trend of rising hawker stall rentals and what impact this would have on the affordability of food.

"Overall, this is a very popular centre as it is open for three meals throughout the day and has good footfall, especially given the recent opening of a new MRT station and additional developments that are near this centre," said Dr Koh, referring to the opening of Marine Parade MRT station just beside the hawker centre on Jun 23.


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Record bid for Marine Parade hawker stall: High tender prices not the norm, says Koh Poh Koon - Channel News Asia (Picture 1)Record bid for Marine Parade hawker stall: High tender prices not the norm, says Koh Poh Koon - Channel News Asia (Picture 2)

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Article Details

Category: EconomyBusiness

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-09 @ 14:33:42 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 790 words

Reading Time: 5 minutes read

Sentences: 29 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 22420283

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 22 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 1 hours ago

Coverage Areas: Singapore

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Publisher ID: #27

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