CNA938 Rewind - Sub-letting in Kampong Gelam: What the data tells us
Rising rents are forcing businesses out of Kampong Glam. Shopowners signing new leases believe a growing subletting trend has sent their rents soaring, in some cases, nearly doubling. Many of the vacated units over the years have been taken over mainly by souvenir shops and photobooths. Andrea Heng and Elakeyaa Selvaraji examine the data and what it informs with Zaki Maarof, Chairman, Kampong Gelam Alliance.
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11 min