ValueBuddies.com : Value Investing Forum - Singapore, Hong Kong, U.S.

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http://esales.hdb.gov.sg/hdbvsf/eampu07p...page_8820/$file/about1.htm

One thing that may had caused the sky high housing price here to remain sky high, is the influx of rich foreigners who park their money here. For many reasons, like safety or many others unreported. Many riches, like those in Indonesia, China, Myanmar want their money out of their hometowm becos of political instability. As long as policies are pro-foreign investment, it will be hard for real estate prices to drop.