Being an international city and centre for financial activities, foreign money are free to move in and out of Singapore to take advantage of the investment opportunities here, including property. With a limited population, and a stable increase in income, the sharp rise of property price has to come from external demand. And these foreigners have extra money, a lot of it, which Singaporeans will find very hard to fight against them. Since property price increases are foreign driven, what can the government do to protect Singaporean’s dream of owning a house or flat ? And what can normal Singaporeans prepare for the money competition? The cause: Property price increases are foreign driven. In a Dow Jones article ‘ Singapore Prime Minister: Global Monetary Conditions Are Abnormal’, Prime Minister Lee Hsien Loong said that current global monetary conditions were abnormal with excess liquidity in the system finding its way to emerging ...
Current affairs 时事