Singapore – With an influx of Indian visitors into Singapore, Little India is getting increasingly popular. Landlords hence take this opportunity to hike up rent prices in the area.

Some hotels in Little India reported to having 100% occupancy, while the number of restaurants has increased by 30% since 2005.

The profit made, however, is eventually used to pay rents as rates have increased by 20% to 50% in recent months, according to channelnewsasia.com. Also, the report indicated that businesses in Holland Village and Maharaja found themselves facing up to 32% increase in rent one to two months ago.

A new MRT station will be built in Holland Village, and landlords have probably taken this opportunity to increase rents. To keep up with the high rental rates, restaurants in Little India are considering increasing prices, or even stopping operation in worst cases.