Saturday, March 30, 2013

Donuts and Doormats

I remember fondly years back, how my bff would tell me exciting stories about how he finally managed to get his hands on those donuts at the shop in the basement of his office building in town. He would snap photos of the multi colored rings and share on his fb page for all to see.

Although never quite the donut fan, I marvelled how some can queue for hours just for...well, donuts.

Perhaps they injected some addictive compound into their goods? :-)

These could cost as much as ten bucks for half a dozen. The good old ordinary donuts sold in bakeries were probably less than half the price.

Fast forward to today.

Pavillon Square, a 'brand new' retail concept gracing Geylang, just sold out on a Saturday. All 90+ units of mostly MM sized shops. Now there was even mention of one sold at a staggering $10xxx psf. Almost the price level of high traffic Orchard Rd shops!

I think the next CM (on commercial units) is not far... but URA has already released guidelines to prevent a repeat showing, so perhaps not. Let us all focus on the upcoming BTO for singles in July for the time being, shall we...

So if the donuts craze was a fad, it sure lasted a while.

How long do you think this shoebox shop fever will last?