Of course, you don't even need new 'interim' sites or 'mixed development' nonsense to figure this out. Refer to hawker centres that have been 'newly renovated', or have a new swanky mall or a MRT station constructed nearby. Go talk to the hawkers and find out.
Rent-seeking shithole country, in addition to the nice little side gig of laundering money. If hyperinflation didn't exist then I worry.