Freeing urban commercial spaces

Leasehold property deeds are hindering the commercial development and growth of urban areas

In the early years, when one looks at the beginnings of urbanisation, it invariably involves the processes of industrialisation as well. The industries and factories attracted an increasing number of people seeking livelihood, who eventually settled around, allowing for cities to be created.

These so-called industrial cities were consequently spurred into catering to the various needs of their inhabitants by providing services like hospitals, schools, and municipalities. As urban development progressed, cities expanded their offerings to include leisure and entertainment through shopping complexes. This population influx and the growing functions of a city subsequently led to an increased demand for commercial