Why is Leong Yeow Chicken Rice closing after 46 years in business?

How HAPPENED?

Netizen Matthew Soh wrote in a blog that “rental dies a five-decade company.” However, in this situation, that might not be the case ( more on that later ). &nbsp,

8days reached up to Leong Yeow Chicken Rice i- user, Mr Loy, 62, who merely said:” We’re all getting older, and we want to relax for a while”. He just made a few hints about his conflicts with the Waterloo espresso shop owner, which he dimly shared with us off the record. He declined to elaborate on any rental problems. &nbsp,

STALL RENT LOWERED FROM S$ 7, 000 TO S$ 5, 000 BUT HAWKERS STILL SET ON Final Buy

However, BGain 261 Eating House’s director ( who declined to be named ) at Waterloo Street told 8days that they offered to reduce the monthly barn hire for Leong Yeow, but the hawkers did not accept the offer.

” We are willing to lower the rent from S$ 7, 000 to S$ 5, 000 for them, but they still do n’t want ( to extend their tenure )”, he said.

He noted that the cost of food selection and mosquito control is included in the amount. He claimed that Mr. Loy and his family have been paying this S$ 7, 000 in fee for the previous three years. 8days reached out to Mr Loy to verify this information&nbsp, – while he did n’t deny it, he declined to address questions relating to rent, saying,” I do n’t want to speak so much about this ( rental ) issue”. &nbsp,

The coffee shop director mentioned how little people visit the area. ” The Waterloo ( coffeeshop ) is in quite bad condition ‘ cause of the market changes. Lazada ( located nearby ) just retrenched over 200 employees”, he said.

We can only speculate as to what he speculated about being real, given that the condition at the meat rice stall’s sister store might be the same. However, the cafe boss said he has no idea what company is like at Leong Yeow’s another store. 8days attempted to contact Albert Centre for more information, but they were unable to do so. &nbsp,