Many folks might complain about REITs driving up rents, but that is what makes Singapore a Mall Nation — and the mall is where I have been seeking free refuge from the heat. Perhaps this weather pattern is just what the commercial REITs are hoping for, since there will be less inclination to work from home.
A heatwave is engulfing the region. Singapore’s mercury reading hit a 40-year-high of 37 degrees Celsius over the weekend. This excruciating temperature was just a couple degrees below what I experienced in the arid deserts of Chad in February — except the smothering humidity is another level of challenge altogether.
I have the luxury of racking up higher energy bills by using the air-conditioner at home, but I am well aware that this very act will fuel global warming further.
