Tekka Mall Belly Up

• dragg

  11 Nov 05, 14:11

  one of the tenant, a 36 yr-old, gave up his five-figure salary job to start a business there. 4 months into it and he lost nearly $250k.
  
  
• WiNtEr'SkiLL

  11 Nov 05, 14:12

  hmm that was a very big risk to take
  
  need a lot of courage
• dragg

  11 Nov 05, 14:29

  from what he said, he regretted terribly.
  
  
• kalangkabo

  11 Nov 05, 14:33

  
  bad location...
  
  not easily accessible...
  
• kops21

  13 Nov 05, 07:55

  bad business judgement or bad timing.
• dragg

  13 Nov 05, 08:03

  papers said the location is ok.
  
  
• macjoe

  14 Nov 05, 15:09

  
  High rents, poor business - it's better to be a landlord than a retail mall entrepeneur.
  
  
• Kenashi

  14 Nov 05, 15:11

  Originally posted by dragg:

  one of the tenant, a 36 yr-old, gave up his five-figure salary job to start a business there. 4 months into it and he lost nearly $250k.
  
  

  
  how to lose $250K in four mths??
  unless all his stock are perishable
• Ah Cek

  14 Nov 05, 15:12

  landlord also not easy to be one. need to take care of occupancy rate, tenancy mix, promotions, maintenance, tax, etc...
• iveco

  14 Nov 05, 15:14

  I have been to Tekka Mall before. That place appears rather quiet. I think the probable reason for its flop is over-concentration of retail centres in the same area.