FOREIGN buyers are streaming back into the private homes market in growing numbers, especially those from China.

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Yes,, they are everywhere..

Estimated 3 million - Local Singaporeans ( 60%)
Estimated 2 million - Foreigners (405)

Are we the only country in the world that has so high a percentage of foreigners living here ??

First world countries normally only have 1-3%

We are going to be like HK? So when will our wages match the Hongkongers?
Citizens squeezed again.

the vicious cycle starts again, after lehman bros.

Dubai and Kuwait have about 70% foreigners...

Singapore is on track....

Hong Kong salary is higher in general terms when compared to say Singapore. They don't have CPF like we do. Are we gonna be like HK ? ABSOLUTELY !!! Our lifestyle and daily living will slowly but surely change. Population increase in a fix environment/space will have consequential effects on people's social behavioural outcme. Competitiveness/challenges in personal to territorial of everything around us! moving to a "Dog eat dog" environment . Not gonna kill us but more stressful and gonna be on our guards. What to dooo. Govt's macro policies.

>They don't have CPF like we do.

They do. Perhaps not such a high percentage. Even in China, some places have a very similar scheme to Singapore's.

In Singapore, citizens sit on piles of paper gains on their inflated assets, but paid low wages because costs is ultimately filtered into businesses. At the end of the day, it is the citizens who are paying for the high property prices.

some PRCs are doing money laundering here.. parking their money in overseas properties.

Kookoo, Several eurpean countries, including switzerland have foreign populations in the 30% range. Additionally, in most developed nations passports are handed out to residents after a certain period of residency, whether the resident is a professional or a construction laborer. The dynamics of different countries mean demographics have to be managed differently too.