SingPost Sells 10 HDB Shophouses for S$50 Million to Boost Cash Flow
Key Points
- Singapore Post sold ten HDB shophouses for S$50 million to p...
When your mail business is about as profitable as a chocolate teapot, sometimes you need to sell the teapot. That's exactly what Singapore Post did today, announcing the sale of ten HDB shophouses for S$50 million - a classic case of "if you can't beat the digital revolution, at least profit from real estate."
When Going Postal Means Going Broke
SingPost's predicament is like watching your grandfather try to compete with smartphones using smoke signals. The postal service has been hemorrhaging money faster than a leaky stamp collection, with their post office network turning into a finan...
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