The rise in rentals is another point of contention for tenants.
A hairstylist at Kerluxe Hair Studio, who wanted to be known only as Mr Tan, estimated that in 3.5 years working there, rental has increased by up to 20 per cent.
The Creamier staff member said that when Northshore Plaza first opened, early tenants were offered discounts on rentals, which gradually tapered off.
The mall opened in two phases – Northshore Plaza 1 in 2021 and Northshore Plaza 2 in 2022.
The exits of some tenants prompted Member of Parliament for Punggol Coast ward Janil Puthucheary to post a video on social media on Sunday, saying that almost all the tenants at the plaza have renewed their leases.
“Only a few of the lots are vacant, and HDB (Housing Development Board) has received bids for new tenants to move in, and they will,” he said.
He acknowledged that rents have gone up by 10 per cent for most shops, but expressed confidence in new shops moving in.
CNA has also contacted mall operator and real estate services firm Jones Lang LaSalle for comment.
