Foodcourts in Singapore

Foodcourts in Singapore: Secret to Foodfare's low prices

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.
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

'Reverse engineering' model, involving negotiations with tenants on food prices and rental, a key factor

Published: 
Jan 6, 2019, 5:00 am SGT
yuensin@sph.com.sg

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."

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Prices at foodcourts in the central area
A version of this article appeared in the print edition of The Sunday Times on January 06, 2019, with the headline 'Secret to Foodfare's low prices'. Print Edition | Subscribe
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