Jump to content

Who cares about the driver when there's money to be made?

Who cares about the driver when there's money to be made?

Blogger

745 views

How do you feel when you see VW rims on Skoda?  

23 members have voted

  1. 1.

    • Indifferent ...
      9
    • Owner of the Skoda couldn't find Skoda rims
      5
    • Owner tries to disguise the Skoda as a VW
      9

monthly_06_2011/blogentry-31583-1309140614.jpg

blogentry-59916-1308462450.jpg

It is official. Market Street Car Park will be no more. In its place? Yet another office building in the heart of Raffles Place. The CBD parking crunch just got worse.

 

With rental values of office space back on the upward trend again, it is no surprise that the owner of the Market Street Car Park has decided that the land it sits on would be better utilized as a proper commercial/office property rather than serving the needs of hundreds of drivers who work in Raffles Place.

 

Well, it is hard to say no to money. But, perhaps businesses and organizations in Singapore should be quicker to do a rethink of their mentality that provision of car parking spaces as a drain on profit.

 

Owners of commercial properties and shopping malls should be the first to take heed. After all, despite whatever the Government is trying to do; most middle and upper class Singaporeans simply refuse to travel on public transport. And, if you make parking difficult or if you charge an exorbitant rate for parking; there will come a time when the balance is tipped and drivers will simply figure that it isn't worth it any more and they will choose to pass on the shopping mall. Drivers are customers too; often generous ones at that.

 

Property developers too have been all too anxious to cut down on the provision of car park spaces once the Government authorities have relaxed the requirements. Every square foot expended on parking, is one less square foot to be sold. While their sales talk about how providing 1 lot per unit is enough may smoke the first time house hunter, savvy drivers/house buyers are increasingly becoming aware of parking woes cropping up in newer private properties. After all, most who can splash the cash for the record breaking property prices today have the means to buy a second, third or fourth car. And when parking spaces become scarce, neighbourly relations take a beating and sometimes the parking woes get published all over the internet or the papers. That can only be bad for the property value.

 

So to the big-wigs at these huge businesses, it is time to do a rethink. It might be a wise investment to build a little bit more parking space than you deem necessary. In quasi-business lingo, this is a hedge against the risk that the market attitudes change.




4 Comments


Recommended Comments

Perhaps the businesses should consider moving out of the CBD. Make life easy for everyone. No more parking woes, no more high office rental.

Link to comment

yup..agreed. most businesses should consider moving out of the CBD, it does not make sense to locate so many offices there to create unnecessary traffic situation and parking woes

Link to comment

I agree with you, it's hard to say no to money. Business sharks are ready to forget about everything if they have a chance to make more money, it's the world today and values are different. But it's not worth to forget about such simple things as parkings and convenience, lots of people drive cars and there should be a place where they can leave their cars, as for me, it's simple to understand. But to make more money and live without a need of using quick lending services lots of people are ready to forget about everything, even about such simple things.

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Tennis: Beautiful game that doesn't know how to count

    Wimbledon just concluded yesterday (congrats Sinner!), and it's a reminder of how much I enjoy tennis as a sport. I used to play it some (wasn't particularly good), and still tangentially follow it nowadays (the Roland Garros final this year between Alcaraz and Sinner is an all-time classic).  There's something intrinsically mesmerising about the sport, I think even for spectators who have never picked up a racquet. At first glance, it may seem like just two people (or four, but doubles is

    bobthemob

    bobthemob

    A 20-year journey, an old passion rekindled

    For us 90s babies, the Holy Trinity of Disney Channel, Nickelodeon, and Cartoon Network formed a big part of our childhood. The internet was just about coming into fruition, with the rise of a plethora of websites with numerous entertaining flash games and of course, the early days of YouTube. And though those things have come and gone, one thing in my life remained constant: My love for Pokemon. I first got into Pokemon 20 years ago, and I remember exactly how it went down. Let me set the

    In a hyper-connected world, your physical presence is more important than ever

    The advent of apps and the Internet have revolutionised our ability to connect instantaneously. From social media to video calls to messaging apps, our capacity for real-time communication is unprecedented. However, it seems that the more hyperconnected we are online, the further apart we're growing in real life. Experts' Consensus Doctors, scientists, and specialists have all reached the same conclusion: Staring at our devices causes us to drift further apart – a trend I've obser

    jeresinex

    jeresinex

    Cordless vacuum cleaners: A young adult's best friend?

    Every young adult probably arrives at the same point when they’ve started working for a few years: Household chores start to become more enjoyable. Don’t get me wrong – they don’t have to be one’s favourite activity on earth. But chores start to make sense: An environment that’s put-together is always a welcome haven, whether it’s returning home after a long day out, or simply staying in over the weekend (or when you’re working from home.) As a young adult myself, I've come to appreciate an

    donutdontu

    donutdontu

×
×
  • Create New...