Bak kwa, a popular Chinese New Year treat, is seeing a price increase in the lead-up to the festival. Several businesses have confirmed the price hikes, attributing them to high demand.
Many bak kwa businesses AsiaOne spoke to have adjusted their prices for the festive period. Chinese New Year is approaching, and as the festive spirit soars, so have the prices of certain goodies such as bak kwa, a popular barbecued sliced-pork treat. have also undeniably become a part of the festive period. Several businesses AsiaOne spoke to have confirmed that the prices for their bak kwa are higher during this period, with one store even going up by $10 per kilogramme (kg).
'Our normal price per kg is $68, now it's selling at $78,' said Roy Aw, the third-generation owner of Hu Zhen Long, an old-school bak kwa store located along Sago Street.When AsiaOne visited Kim Hua Guan at Balestier Road on Tuesday (Jan 7), staff member Elizabeth said: 'Every week (approaching Chinese New Year), there'll be an increase in price of two dollars .' Their bak kwa currently ranges from $64 to $66 per kg — an increase of about four dollars compared to the usual off-peak cost of $60 to $62 per kg.Popular bak kwa brands like Bee Cheng Hiang and Kim Hock Guan have also raised their prices in the lead-up to Chinese New Year. A Shin Min Daily News report saw that their bak kwa prices have increased from $72 per kg last year to $74 per kg and $75 per kg respectively this year.'For us, the demand is always there,' Hu Zhen Long's Roy shared with AsiaOne. This sentiment is echoed by Kristy, a store manager at Kim Joo Guan's flagship store located along South Bridge Road, who said that they're 'usually sold out every day in physical store'.And this was evident when AsiaOne visited the store at 5pm on Jan 7. The display cabinets — which are usually filled with rows and stacks of bak kwa — were nearly empty, with only one plate of bak kwa slices and some bak kwa coins left.Currently, 1kg of Kim Joo Guan's Gourmet Traditional bak kwa costs $66. During the non-festive period, it costs $59 per k
Chinesenewyear Bakkwa Prices Demand Food
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