REITS are killing us with high business costs
by Ryan Ong
REITS and high business costs are intricately linked, this is real. Just ask the many retail shop operators or food court stalls owners who suffer under one of the few major REITs operator, they will tell you. REITs are pushing the cost of shopper experience to the shop operators and mandating renovation to their specifications at the shop operator’s cost. REITs not only charge rentals, they also charge a percentage of sales on the revenue.
REITS leads to high cost of living, as your food court stalls are now charging $6, $8 and perhaps even $10 compared to $4, $5 and $6 in the past. They have no choice…