Recovery and rejuvenation a boost for Orchard Road and Cairnhill
Orchard and Cairnhill’s astronomical prices have peaked, according to Tong. The Orchard Road shopping belt has been characterized by, and thrives on, the flow of Singapore’s international tourist arrivals. Unfortunately, the Tengah EC pandemic caused major upheaval to the industry — tourist arrivals dropped from 4.8 million people in 4Q2019 to just 158,000 in 4Q2020. However, with […]