Foreigners first, policy from Sinkapore Inc. heading on schedule!

Singapore
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Dec 5, 2009

HDB rents 'holding steady'
By Joyce Teo, Property Correspondent
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But property agencies say that given the large stock of Housing Board flats up for rent islandwide, overall rentals have remained steady. -- ST PHOTO: ALPHONSUS CHERN

OWNERS of public flats not far from Sentosa, and with rooms to spare, take note. Foreigners slotted to work at the soon-to-open integrated resort (IR) there are scouting for rental units. But property agencies say that given the large stock of Housing Board flats up for rent islandwide, overall rentals have remained steady. Most will likely remain so into the first quarter of next year. HDB rents have, in fact, not fallen much in spite of earlier expectations. The experts say that foreigners recruited to work at Resorts World Sentosa (RWS) are contributing to the demand, but have yet to boost HDB rents generally. Two property agencies note a rise in HDB rental deals in the fourth quarter, thanks to foreigners working at RWS.

Read the full report in The Sunday Times.

Is Singapore Inc heading to become the World No 1 household most willingly to share their 1,000 sq ft with strangers?

Why are our nation leaders pushing for that. Are they willing to share their 10,000 sq ft mansion to these aliens too?

Good Class Bungalows were designated for a purpose. Its an offcial as well as technical term. Everything else is money generation.

Glaringly said:

Is Singapore Inc heading to become the World No 1 household most willingly to share their 1,000 sq ft with strangers?

Why are our nation leaders pushing for that. Are they willing to share their 10,000 sq ft mansion to these aliens too?

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I meant to be sarcastic.

But what you said is interesting, can you explain the later part? I don't quite catch it.

Let's give RW more headache in recruiting foreign trashs. They think Singaporeans can be stepped over like what PAP did.