Tony Tan's share of vote was well below the 60 percent obtained by the PAP in May parliamentary elections, when the opposition made historic gains amid unhappiness over soaring property prices and the rapid immigration into the rich Southeast Asian city-state.
Bank of America Merrill Lynch economist Chua Hak Bin said the presidential election showed many Singaporeans were still unhappy with the PAP, which has boosted the supply of government housing and made it costlier for employers to hire foreigners since the May election.
\"They are unhappy with the status quo and yet they are not willing to swing completely to a candidate they think will be too radical," he said. Full story
