Saturday, February 25, 2012

19.4km Leisure 'Recon On Economy' Ride

Went for a short night ride to destress. Is more of a ride to take a look at the shops facing the road. I found the following shops closed down & vacant:

- L&T Cycle at 1Commonwealth
- Another shop (no idea what biz) at 1Commonwealth
- 2 stalls in coffeeshop at 1Commonwealth
- 3 shops beside Body Shop at HollandV
- Restaurant at Junction of Ulu Pandan Rd & Clementi Rd

Looks like we are in for exciting times. More businesses closing down due to killer rents--> more people losing their jobs --> can't pay exorbitant 30year mortgages --> property market collapse.

The manipulated bubble need to & must burst. It is simply unsustainable.

No comments:

Post a Comment