Soaring rents are pushing businesses out of Kampong Glam, with many shopowners who recently renewed their leases reporting sharp increases — in some cases nearly double — which they attribute to a growing trend of subletting. Over the years, many vacated spaces have been replaced primarily by souvenir stores and photobooths. Andrea Heng and Elakeyaa Selvaraji analyse the data and discuss its implications with Zaki Maarof, Chairman of the Kampong Gelam Alliance.

Disclaimer: This podcast is taken from CNA.