the preservation of the unique cultural heritage of Kampong Glam. She believes that without efforts to protect the interests of long-time tenants and maintain the character of the area, gentrification driven by wealthy investors could erode the vibrant community that has thrived there for decades.
As Singapore’s shophouses continue to attract global attention and record prices, the delicate balance between preserving heritage and accommodating investment interests remains a key challenge for policymakers and stakeholders. The allure of these historic buildings as lucrative investment opportunities must be carefully managed to ensure that the rich tapestry of Singapore’s cultural and architectural history is not lost in the pursuit of profit.