The three laws of Kelonguni:
Where there is kelong, there is guni.
No kelong no guni.
More kelong = more guni.
Ai yoh, say until so long why don't dare to say it is because shop space RENTAL is too HIGH?!
See, there is residential property cooling measures, hence example OCR private apartment rental only like $2.50 psf.
But there is no commercial property cooling measures, hence example OCR mall shops rental can be more than $30.00 psf !!!!!!!!!!!!!!!
That is shop space rental can be 12 times that of residential property rental!
No wonder average small businesses cannot survived!
I am currently hunting for a resale condo and found The Minton project quite ideal in terms of the layout and affordability. However, during my viewing, i noticed the exterior wall of the concrete blocks, most of them if not all, appeared massive cracks. And this observation extends to the balconies of all the units i have visited. The agent told me the wall crack is very normal in SG due to the weather, nevertheless, it reflects a big red flag of quality defects in my head. Could anyone here share any thoughts on this? Are the cracks merely minor defects caused by painting or more concerns should be raised on major construction quality? thank you very much in advance.