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However, this rapid growth comes with consequences. Long-standing residents and longstanding businesses are gradually moving out, unable to bear the rising costs. This displacement raises concerns about the social ramifications of gentrification—specifically, whether the process will eventually edge out all original residents and shops that no longer afford the escalating rents or property prices.
Will Jalan Basar Follow Tiong Bahru's Footsteps?
The development trajectory of Jalan Basar invites comparisons to Tiong Bahru, one of Singapore's most iconic neighborhoods that underwent similar gentrification. The upcoming Circle Line MRT extension, completed in 2017, has further increased accessibility and attractiveness, hinting that Jalan Basar might follow the same path to upscale status.