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 ?......
Which group are you referring to? The rich Sinkies or the majority poor?