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Foodcourts in Singapore
Foodcourts in Singapore: Secret to Foodfare's low prices
'Reverse engineering' model, involving negotiations with tenants on food prices and rental, a key factor
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NTUC Foodfare chief executive Perry Ong says that for the past five to six years, Foodfare has not raised rents for many of its foodcourt tenants.
ST PHOTO: LIM YAOHUI
Yuen Sin
Auditor Penny Chua, 27, says it is often hard to find places selling meals for less than $6 around her office in Marina One in the Central Business District (CBD).
"My colleagues always pay around $10 for sushi at Standing Sushi Bar, or salads at The Daily Cut, but I'm not willing to spend so much on a regular basis."
