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Beer Market: Where you bid for your brew
CNNGo reader Stella Lee talks us through the Singapore bar where beer prices change every 30 minutes
The screens outside Beer Market give you an idea of prevailing prices.Drinking in Singapore is an expensive exercise.
Everywhere else in Asia, a cold brew can be bought for as little as US$1 (S$1.28). But not so in Singapore where a single beer can set you back S$20 at certain upscale bars.
Enter Beer Market with its welcome "buy low, drink high" mantra.
A popular beer did once reach S$100, but most of the time this method creates cheaper drinks.
Using the concept of the stock market to price its brews, punters consult the LCD screens displaying various beers alongside listed prices, volumes, changes and week highs -- similar to what you find on a stock market screen -- and watch as beer prices rise and fall according to supply and demand.
Prices are updated every half an hour and hopefully the beer selected does not get too popular before the order is registered.
This is possibly the only place in Singapore where one prays for a market crash.
While prices can start as low as S$7, expect to pay between S$12 and S$14 for a Stella Artois beer. Do keep an eye out though as there has been an instance where a beer shot up beyond the S$100 mark.
Don't wait too long to bid on that pint as it may cost you.
For the trading fanatics expecting a "Boiler Room" scenario, don't. Beers cannot be re-sold to another drinker in the hope of turning a profit.
Just head down with the sole purpose of buying a beer for less than you would next door.
Cheers!
Beer Market: Fluctuating beer prices and live sports telecasts.
#01-17 and #02-02 Block 3B, River Valley Road, The Foundry, Clark Quay. Tel. +65 9661 8283.
About the author:
Stella Lee is a product of the Singapore education systems with all of its benefits and demerits. She lived in Los Angeles, New York and Shanghai before being resigned to coming home to Singapore post-recession. She is an over-analyzer and keeps up with her pretension by indulging in art, beauty and fashion.
Stella submitted this piece as part of CNNGo’s CityPulse section. To find out what other stories we are looking for, go to our CityPulse page
