Why Singaporeans are not buying ?

[tom]

Quote from Press .....""Last year, St Regis Residences in the Tanglin area made the headlines, with its plush units selling at $3,000 per square foot.

But the fine print packs another punch. Apart from the companies that bought apartments there, 43 of the buyers were foreigners and just 21 Singaporeans.

It is a similar story at The Tate Residences on Claymore Road — 37 foreign buyers against 14 Singaporeans. RiverGate on Martins Road saw 73 foreigners picking up a unit each, compared to 42 Singaporeans ""
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This story is quite disturbing.........My concern is " Why wealthy Singaporean are not buying ? Are they afraid of " Income Tax " or people in Singapore are getting poorer ? If this trend carries on, slowly foreigners will be buying bits and pieces of our land and in no time ......  :mad:Singapore will belong to foreigners. What say you ?......

[Alaska]

Can u name Sinkies who are wealthy in Singapore?

Sinkies rich in Debts
Foreigners rich in Cash.

[waterpoint]

most that purchase the property are for the investment ... Dun think sinkies are in to invest in our already high-priced property ... they're going elsewhere ... vietnam for example is one of the latest location ...

[tom]

""Can u name Sinkies who are wealthy in Singapore? ""



In the cinemas, we saw the man in black 1 & 2. Have you seen the film or DVD ? Here we have the man in white , assistants and comrades ......probably in the thousands ? Sure lah, they have the money. Next on the line are developers, bankers, successful top businessman in the thousands also. Probably not classified as " sinkies " ..............or known as something else...................

Waterpoint is correct to say it is better to invest in Vietnam. In future maybe Cambodia and Laos ??