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Saturday, February 27, 2010

Many sublet hawker stalls


IT IS almost akin to speculating in the property market.

Head to the National Environment Agency during its monthly tender exercise, submit a bid for one of the vacant hawker centre stalls, and cross your fingers.

If you are successful, you could rent the stall out later for a higher fee, and make a tidy profit of close to $2,000 in some cases.

Stalls at good locations and near MRT stations or bus interchanges, such as Tekka Market and Tiong Bahru Market, usually fetch premium rents because of the high pedestrian traffic.

The subletting of hawker food stalls seems common. Checks by The Sunday Times reveal that up to half the stalls in Boon Lay Place Food Village and Block 216, Bedok North are apparently sublet.

Those who get their stalls through NEA's tender or walk-in schemes can sublet them out legally.

- Sitiemilia , Singapore.

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