The Chinese especially see Singapore as a great safe place to put their golden eggs. If our property prices fall, they will see an opportunity to buy. If China's economy sputters (and a lot with it ours), then all the more they will put their money in Singapore.
Seems like foreign money inflows are here to stay which is a good thing for the developers and the Govt, but a bad thing for the population as they will be consequently priced out of the property market (which is happening already). Full story
