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New jobs laws bite into Singapore food outlets, rents


Picnic06-Biante15
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from yahoo : New jobs laws bite into Singapore food outlets, rents

 

Singapore's restrictions on importing foreign labor have made it tough for the city-state's retailers and food outlets to find workers, limiting expansion plans and damping retail rents.

 

"Almost everyone is facing labor problems," said Alan Cheong, senior director for Singapore at real-estate service provider Savills, citing feedback from the company's retail team.

 

The Singapore government, which has faced public opposition to the country's liberal immigration policies, has announced a slew of measures this year to limit the influx of foreign workers to ease pressures on the public transportation system and housing cost increases.

 

Foreigners - which make up almost 40 percent of Singapore's population of 5.4 million - are an important source of cheap employment, particularly for the country's manufacturing, construction and services sectors.

 

"It's holding back the expansion plans of tenants and as a result of that, the demand for space was lacking in the third quarter. That caused rents to be a bit soft," Cheong said.

 

Savills noted rents for the third quarter in the prime Orchard Road shopping belt slipped 1.5 percent from the second quarter, while the vacancy rate rose to 7.7 percent from 7.3 percent a quarter earlier. The company attributes the developments to the foreign labor restrictions stymieing retailers' expansion plans.

 

 

read more of the stories, link : http://sg.finance.yahoo.com/news/jobs-laws-bite-singapore-food-232916973.html

 

 

 

Prepare for a $10/- a bowl of fishball noodle or $2.50 per cup of kopi sui-tai at a normal coffee shop .... [sweatdrop][sweatdrop]

Edited by Picnic06
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When hawker centre 'chye tau kuay' price at $8/- per packet, imagine the ministar who ate the $10/- one will increase to ...... :o

whoever he is must adapt to chye tau kuay without chye tau. [grin]

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from yahoo : New jobs laws bite into Singapore food outlets, rents

 

Singapore's restrictions on importing foreign labor have made it tough for the city-state's retailers and food outlets to find workers, limiting expansion plans and damping retail rents.

 

"Almost everyone is facing labor problems," said Alan Cheong, senior director for Singapore at real-estate service provider Savills, citing feedback from the company's retail team.

 

The Singapore government, which has faced public opposition to the country's liberal immigration policies, has announced a slew of measures this year to limit the influx of foreign workers to ease pressures on the public transportation system and housing cost increases.

 

Foreigners - which make up almost 40 percent of Singapore's population of 5.4 million - are an important source of cheap employment, particularly for the country's manufacturing, construction and services sectors.

 

"It's holding back the expansion plans of tenants and as a result of that, the demand for space was lacking in the third quarter. That caused rents to be a bit soft," Cheong said.

 

Savills noted rents for the third quarter in the prime Orchard Road shopping belt slipped 1.5 percent from the second quarter, while the vacancy rate rose to 7.7 percent from 7.3 percent a quarter earlier. The company attributes the developments to the foreign labor restrictions stymieing retailers' expansion plans.

 

 

read more of the stories, link : http://sg.finance.yahoo.com/news/jobs-laws-bite-singapore-food-232916973.html

 

 

 

Prepare for a $10/- a bowl of fishball noodle or $2.50 per cup of kopi sui-tai at a normal coffee shop .... [sweatdrop][sweatdrop]

 

err.. how do lower rental costs and inability to find workers to expand operations translate into higher prices for food and drinks?

Edited by Enye
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Singapore's restrictions on importing foreign labor have made it tough for the city-state's retailers and food outlets to find workers, limiting expansion plans and damping retail rents.

 

 

slowing down is good [rolleyes][rolleyes]

Edited by Jman888
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As the saying goes: Be careful what you wish for.

 

the problem is when people complaint about FT, they tighten FW... we dont see those large cooperation complaning about difficulty hiring expat do we?... [shakehead]

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err.. how do lower rental costs and inability to find workers to expand operations translate into higher prices for food and drinks?

 

Do you think Singaporean working in hawker centre for 12 hrs for a pay of $1200/- only ... [sweatdrop]

 

So in order to hire Singaporean to work, chow chow at least $2500/- plus CPF. So $3.50/- for a bowl of bak-chor-mee could support 2 staff per stall (minus the owner)... [:|][:|]

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err.. how do lower rental costs and inability to find workers to expand operations translate into higher prices for food and drinks?

Everything translate into higher costs in singapore..

 

there is nothing that can bring costs down.. even economy crisis will only just suspend the inflation..

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slowing down is good [rolleyes][rolleyes]

 

agree... i also wanted to slow down.... just got news that one close working peer, a manager, gotten pancreatic cancer at age of mid 50s........ late stage..... life is unpredictable .... [shakehead]

 

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when a company hard find workers, they dont expand..once dont expand, no pple rent shops etc

 

last month invited 7 companies to quote cleaning, end up 2 come bid, all mai come..said no manpower in market

 

2 companies bidded one, increase 40% at least

 

who still said worker wages doesnt incur directly or indirectly to inflation,company overhead,profit one? however this is the reality

 

they will say ai jiak mai jiak, u choose..bo bao jiak..LOL

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Do you think Singaporean working in hawker centre for 12 hrs for a pay of $1200/- only ... [sweatdrop]

 

So in order to hire Singaporean to work, chow chow at least $2500/- plus CPF. So $3.50/- for a bowl of bak-chor-mee could support 2 staff per stall (minus the owner)... [:|][:|]

 

the Singaporean aunties and uncles still don't get paid $2500 monthly plus CPF even with the current complaints on labor shortage

 

lower rents would improve bottomline and we really no need an old changkee or mr bean shop at every shopping mall for the sake of expansion

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the problem is when people complaint about FT, they tighten FW... we dont see those large cooperation complaning about difficulty hiring expat do we?... [shakehead]

 

Whether they are FT or FW, general term is still foreigners. Lol.

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We say we dun wan FT, they go reduce FW.

 

i don't understand what u are saying. Are these WP holders ? The people not coming in are the EP, S-pass holders. Aren't they the ones getting complained left right and center?

We not talking abt bangla and low-end PRC FW. Though there's a shortage of them as well...

 

It's getting very hard to recruit singaporeans as well. As some people are now being lured by other industries who are offering higher pay due to manpower crunch. Retail, construction, service industries and F&B is headed for a slump definitely.

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when a company hard find workers, they dont expand..once dont expand, no pple rent shops etc

 

last month invited 7 companies to quote cleaning, end up 2 come bid, all mai come..said no manpower in market

 

2 companies bidded one, increase 40% at least

 

who still said worker wages doesnt incur directly or indirectly to inflation,company overhead,profit one? however this is the reality

 

they will say ai jiak mai jiak, u choose..bo bao jiak..LOL

 

Still got 2 come forward not bad already.

 

My friend's company.....their suppliers offered to withdraw from the Approved Vendor list! Say cannot support anymore cos can't find people. Even got continous biz also can't jiak anymore.

Edited by Icedbs
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