▲ 13 r/askSingapore
So what's your solution to the 'rental too high only large franchise can afford' issue?
So the general discourse is that shop rentals in malls are way too high, pushing out local, indie/small chain businesses and only foreign (usually China) large franchises can afford. This results in a lot of malls having similar shops.
What's your take on this? Assuming we rule out direct rent control, which seems to not really work.
There are 2 ways I can think of:
- Tax large foreign business to reduce their profitability - Highly unlikely given how we don't really tax businesses to bring in jobs.
- X% of shops in a mall must go to local businesses with less than x amount of revenue - ensures that there's always some indie/small businesses in a mall.
u/lhc987 — 1 day ago