Rental at Paya Lebar New Mall
Have a friend who is running a small business over there. Heard that rental
is about 5plus k/month. And that have to pay 3 months deposit plus current
month's rental upfront, every month.
They were initially asked to sign a director's personal liability letter with
a 2 month rent deposit but eventually they negotiated to have a 3rd month
additional rental deposit and to waive the liability letter.
The rent has 2 structures and they pay whichever is higher.
1. The fix monthly rental of about 5k plus a small commission of all sales
(yes the point of sales system is linked to the mall)
2. 12% of the revenue of the shop
Sales has been brisk so far as the mall had just opened. I wish them all the
best in this venture!