‘Not making enough to survive long’: Tenants lament poor footfall, vacant units at Hao Mart’s Taste Orchard
The master tenant has scaled down its own operations of supermarket Eccellente to optimise space and reduce overheads
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[SINGAPORE] Smaller businesses at Taste Orchard are struggling to make rent, with master tenant Hao Mart itself scaling down the food-focused mall’s supermarket anchor tenant.
This is barely a year and a half after the mall opened, with Hao Mart having signed a 7.5-year lease with landlord OG for all five levels of the former OG Orchard Point building.
The grocery business has faced “significant challenges” in recent years as operating costs rise, said Hao Mart’s senior vice-president of operations, Jupri Suep, in response to queries from The Business Times.
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