This is exactly happening now. I don't want to mention the real estate company name.

But somehow instigation like this will cause shops to move out  due to suffering from high cost and eventually looks abandon town if more and more empty.

You don't see this kind of issue in very old town like pj ss2 because old owners are steady. That's why the place so vibrant.

But new town young owners usually attracted to this kind of up price talk.