Monthly Archives

November 2018

SMEs have it rough in Singapore. This ST report from 2017 shows more businesses closing down every year. Closure rate for retail in particular almost DOUBLES! People often cite the high rental costs in Singapore as the main problem. I disagree. If high rentals kill all businesses, then you won’t see any offices and shops occupied anymore. But there are plenty of people paying sky high rentals PSF and their business are doing VERY well. High rental is a problem, but it affects profitability more than scaling up. Building a