Some altruism

After going to OC 158239012 times too many, I realised Far East Organisation is either 1) A very BAD retail property developer 2) A non-profit, community-minded, altruistic business.

Because finally after 158239011 times of overlooking the B2 level, it finally dawned upon me that they have A WHOLE BASEMENT nearly vacant. (Not to mention they could put some benches and make it a convenient study area.) Its probably the only remedy to the market failure of NOISE and CROWDS that Orchard Road sees every weekend. For that matter, storeys 2-11 aren’t exactly populated either…

And more evidence for case 1). Attached is the list of other shopping centres Far East develops…

a) Square 2: Whut? Yes there is a ‘Square 2’ in Novena, obviously being dwarfed by its much more popular counterparts United Square and Novena Square.

b) Central: Yes the misfit of Clarke Quay that even after so much hype fails to even get the lunch crowd on weekdays.

c) Lucky Plaza: Your quintessential Filipino hangout. Another merit good there, external benefits fully subsidised, courtesy of Far East Organisation. Where would all our maids go on their off day if not for Lucky Plaza? Otherwise, a failure of a development, can’t be renovated either.

d) Far East Plaza: RGS girls would have such a hard time finding places to hang out if this was demolished. Otherwise, its failure of a business model (like Lucky Plaza) renders it un-en-bloc-able.