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'Even before the current state of crazy rental increases, my rent already increased 25%' — Business owners on how things are going for them - Singapore News

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'I did a mistake by not expanding, as fear of recession since last year. For me saving as much cash flow as possible is key for now to tide over if recession hit,' wrote one

"I did a mistake by not expanding, as fear of recession since last year. For me saving as much cash flow as possible is key for now to tide over if recession hit," wrote one

“For the business owners of Reddit Singapore, what is the situation like for you at the moment?” an online user wrote on an online forum on Thursday . “There’s been talk about recession, a cutback in spending etc. What are you doing today to prepare or cut back or even grow? What do you continue to do? . Any pressures on the business or personal life or family? Where do you need help the most?”

Another replied, saying, “I think they have no choice. One landlord jack up prices nevermind, problem is all other landlords jacking up prices. Either pay or don’t do business. What choice they have? Can only say those people who bought those property super lucky and now making big money just by renting.”Image: Reddit Singapore screengrab / @ikkanseichoOther online users also made references to the cost of rent in Singapore.

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