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Gloom Over Boom Town
By Ignatius Stephen
Bandar Seri
Begawan - The bubble over Brunei's boom town seems to be
bursting.
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In the process, Brunei's largest
toyshop, Just Toys in Gadong, closed its doors last week due to
poor business and a number of other establishments have also
either gone bust completely or have relocated.
Many businesses are already suffering as recession has hit them in
Gadong and elsewhere.
There is also other factor:
Gadong is paying the price of its rapid success.
Brunei is in the grips of a
general recession as public spending has not made an impact.
Gadong, which once seemed invincible, is not exempted these days.
A popular cafe in Gadong centre
which used to take in $4,000 a day will consider itself lucky
nowadays if it took half that amount. |
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Gadong was and still is Brunei's No.
1 shopping and nightlife area with a number of modern late night
cafes, shopping centres and hotels and a cinema that quickly
mushroomed there.
Especially during weekends Gadong
is jam-packed. Many young people just hang about playing loud
music in their cars putting hotel guests and others in distress
late at night.
"These people, who normally do
not shop but just hang around in their souped-up vehicles are just
a nuisance and are not good for anybody," said a Gadong
shopkeeper.
Also, because of congestion,
noise and exhaust smoke pollution, some people are avoiding the
once popular nightspot. |
Parking problems and roads, which
tend to be too narrow, are other factors that are strangling Gadong.
Gadong hit the jackpot when for some reason parts of the other once
popular Seri Complex area at mile one Jalan Tutong was demolished.
Desperate shopkeepers moved rapidly
to desert Gadong about 20 years ago as an alternative.
From that time onwards the newly
built Gadong complex which came as a timely alternative developed fast
leaving other parts of Bandar Seri Begawan facing a glut including the
once popular town centre itself.
Soaring rentals have now levelled off
and they are expected to remain so as shops fall vacant and the hiring
will further adjust downwards. --
Courtesy of Borneo Bulletin
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