I had an opportunity to take the service from Bugis station to Telok Ayer station today.
Businesses located near these new stations are hopeful that with opening of the stations, there will be more crowds and with more crowds customers. While more crowds potentially will brings more customers and more business, it would be foolish to bank on it. The chance that landlords raise rent is probably higher. So one could ends up with 10% increase in business but not enough to cover the 20% increase in rent.
And more traffic does not necessary translate directly to more business. The reverse my be true instead. Just look at businesses in high traffic locations which have failed.
Do you have a plan to attract customers or unique selling proposition to differentiate yourself from the nearby competitors?