In 2024, 3,047 F&B Businesses shut down — marking the highest number of closures in two decades.
Why do some food businesses thrive while others fail?

If taste is subpar while price keep being simply raised regularly, it wont be a surprise to close shop.

what's the summary?

i guess is super high rent + labor cost

it's already happening here also... sunway and subang few places i went makan, owner also said rental increased so had to increased the food price, but too high not many would want to frequent the eateries already.

Well landlords wanna make moar, stall owners wanna make moarr... we wanna eat moarr...

end up all lose when the system collapse and reset... then all go back mamak while waiting for everything to cool down back.

There are always T1 mekdi dribers going around who will always be able to afford food at any price even up to 100 per bowl.

Well, that also was said many times that this is the Chinese issue- but many bajingan MCA2.0 will vehemently deny this fact, even use fakeass statistics and vague, DEI-like AI bot answers to falsely refuse that we Chinese culturally doing that.

In reality its just chicken or egg question swhere if either the Chinese landlords that raised the prices first or the Chinese end product seller raised prices 1st before either of them raised their prices - hence causing a domino chain effect of inflation.

Its like every half year that end product prices rises, and by start of every year rental price will increase one. These idiots only know how to push the blame to the previous government (despite current ones are doing encouraging this even more) or global export countries in order to mask what we said as culture.

on a slight tangent, i haz a friend in a singapore law firm whose bread n butter is bankruptcies. she says biz is gooooood.

So capitalism like usual?

i thinks its good, cause it shows more people are wiilling to cook at home. Save money like that

with their current wages, a meal from $3 to $5, they already complaining foods are too expensive.

rental and labour cost
not only sg, but many countries as well

Change of lifestyle post Covid.

went to Clarke Quay singapore the tourist food street damn topkek u can order any kind of food western/chinese/japanese/mamak from same shop but then they will sub the order from other shop and u have to wait because they bring the food from other shop, but they make it like their shop cook the food, still u can tell the fakeness because how can a ramen shop sell mamak food, the kitchen must be havoc

F&b business has low barrier of entry. Many new comers every year and about 90% will fail in the first 3 years.

Many people mistake the ability to cook with the ability to do bisnes. Both r vastly different skill sets.

this is the actual reason...and people start to speak out

Home based food biz can lower down cost.

HDB business cannot hire worker...a lot of rules to adhere to

because sleazy landlords lah lol

soon nothing but expensive restaurant left. patron by billionaires who bought all the property in Singapore.

Singapore F&B businesses survived Covid, only to be killed by rising costs and competition, with thousands closing

2,465 businesses ceased operations, with an average of 274 closures per month, says Knight Frank
https://www.businesstimes.com.sg/property/s...ousands-closing

This post has been edited by Phoenix_KL: Aug 15 2025, 05:08 PM