"Orchard Road has world's 14th most expensive retail space", the article says. And this trend is going upwards. I suspect this will encourage property owners (aka the rich big wigs) to slowly raise their rental to be No.1 someday. :P Is this good for business owners like me?
I am wondering if the article even research into - the average spending power of the people walking on the streets of NY versus SG. And the average sales figures from the shops here in Orchard Rd versus NY. Does the rental justify its location?
Link to article