Johor Bahru's heritage businesses near RTS station grapple with rising rents, inflation
By CNA/Zamzahuri Abas
With a mix of heritage businesses and hipster cafes, the area near JB's RTS station has become a major draw for locals and tourists. But rising rentals have forced some to go out of business in recent years.
Salahuddin Bakery, which has operated for 86 years, was forced to relocate last year due to doubled rent. 'I felt quite nostalgic and sad because I grew up there until I was 36 years old,' said its fourth-generation owner Rahim Khan.
Hiap Joo, a bakery and biscuit factory, said rent for its lot on Jalan Tan Hiok Nee has increased by roughly 10% every two years. Its owner Lim Toh Shian hopes the 106-year-old business continues to stay viable.
Street barber Velu Seranggoo, who single-handedly runs V Vinod Barber Shop, said legacy family businesses like his are 'no match' for the likes of hipster cafes, bubble tea shops and modern barbershops.
Tailor Mary Lin, who owns a mom-and-pop store, has also seen her rent increase 'steadily' over the years. She said she may be forced to retire and live with her family, who are based in Singapore.
Next Story
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CNA
an hour ago
- CNA
Asia First - Wed 13 Aug 2025
02:27:30 Min From the opening bell across markets in Southeast Asia and China, to the biggest business interviews and top financial stories, tune in to Asia First to kick-start your business day.
CNA
2 hours ago
- CNA
Getting residents to buy into VERS could be a challenge: Real estate analysts
Real estate analysts said it could be challenging to get residents to buy into the Voluntary Early Redevelopment Scheme, or VERS. Some said the government could make it more attractive by offering incentives, such as priority in purchasing a new flat. Residents of older estates have voiced concerns over compensation and affordability of flats in the area. As home owners have diverse needs, experts said sensitivity and prudence is required if VERS is to adequately address the impact of lease decay.
CNA
2 hours ago
- CNA
CapitaLand Ascott, SATS take top spots in Singapore corporate governance index
Singapore-listed companies with large market caps, such as SATS and CapitaLand Ascott Trust, have clinched top spots on a key corporate governance scorecard. The Singapore Governance and Transparency Index looks at factors like the timeliness of financial reports and transparency of internal processes. SATS has retained its pole position in the general category. Meanwhile, CapitaLand-related entities swept all top three spots in the REIT and business trust category. They were among nearly 500 SGX-listed companies that were given scores by accounting body CPA Australia and the Singapore Institute of Directors.
