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- Jan 29, 2013
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It doesn't take a genius to figure out that an increase in population fuelled by foreigners would increase the prices of houses and cars, the statistics for the increase in the number of foreigners here have been posted ad nauseam, don't ask for stupid facts.
You expect a government that wants to increase foreigner population by more than a million to publish data that hurt their policy? This isn't a democracy, if you are not aware of it. You only get statistics that the government wants to you see.
It is not perception ....it is correlation. Property prices didn't just go up out of the blue. Rental rates for properties didn't just go up because sinkees decided that they choose to rent. Population of cars in sinkapore rose with the influx of foreigners. Only a fool will ignore the conclusions from the correlation.
Come on, stop wiggling like worms. How much is it? 1%, 5%, 15%, 30%, 50%, 75%?? It makes a big difference.