Tag Archives: Heeton Holdings

Another wet market to close down

SEMBAWANG may soon be the next neighbourhood to lose a wet market – its only one at that.

Its 14 stallholders at the market in Canberra Road have been told to go by the end of this month.

This is because the master tenant, Sembawang New Market, is ending its lease with the Housing and Development Board, the owner of the market.

The space will probably be taken over by a FairPrice supermarket, pending approval by the HDB. The papers to transfer the tenancy to NTUC FairPrice were submitted a few weeks ago, and are still being evaluated.

Meanwhile, some residents in the neighbourhood are upset at the prospect of losing the wet market; stallholders there are also aggrieved over the short notice they have been given.

The situation there echoes that of the five other heartland wet markets which made the news this week.

The wet markets in Choa Chu Kang, Bukit Batok West, Serangoon and Pasir Panjang – among the minority here which are privately owned – also look set to go. Continue reading

Aztech jumps on property bandwagon

Listed electronics maker joins other small firms branching into real estate

One Robin
The Lumos

IN YET another sign that the residential housing market is red-hot, a handful of small firms are venturing out of their core businesses to make big bets on real estate development.

Electronics maker Aztech has become the latest listed company to announce a foray into boutique property development, joining the likes of bookstore chain Popular Holdings, jewellers Aspial and Heeton Holdings, once a big player in wet markets. Continue reading