Daily Archives: 22 Oct 2009

Wet markets saga: Outcome after Jan

Posted on 22 Oct 2009 | Comments Off on Wet markets saga: Outcome after Jan

HDB to decide on sale to Sheng Siong but will not take over markets
Sheng Siong, the proposed buyer, is willing to continue renting out stalls to existing holders, instead of converting the wet market into air-conditioned outlets. — PHOTO: WANBAO

THE fate of stallholders at five wet markets slated for sale will be known after January next year, when the Housing Board (HDB) reaches a decision on whether to let the purchases go ahead.

Sheng Siong – the interested buyer – has told HDB it is prepared to continue renting out the wet market stalls to the existing holders.

It is no longer proceeding with its original plan to convert them to Sheng Siong air-conditioned markets. Continue reading →

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A wet market that’s not wet

Posted on 22 Oct 2009 | Comments Off on A wet market that’s not wet

THE recent debate over wet markets versus supermarkets has made me realise that in all crises there is opportunity.

It is obvious that the public likes the nostalgia and social purpose of the wet market but not the “wetness” and the heat, which is where supermarkets have the advantage.

Perhaps the Government should pick a few wet markets and renovate them, air-condition the premises and, importantly, retain the stallholders. The agency could then run like a landlord, maybe even to the point of coordinating suppliers so everyone benefits from economies of scale. They would also run the rule on hygiene and any disputes.

Residents will benefit from an upgraded market, stallholders keep their livelihood, the Government can raise rentals. It’s win-win.

Source : Today – 22 Oct 2009

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