the tiongs cum here to laundry their money. even if it's a losing biz, it's ok to them cos that's how they launder their ill-gotten money from mainland.
it also explains why they can drive up hdb prices like nobody's biz. it's the laundering of funds that is their primary intention.
let me illustrate further.
say the tiongs (in a syndicate) make million$ in china. being communist, they would hv to give their gahmen very substantial share. so they cum to our shore waving their money infront of the avaricious pap who would be too pleased to give them PR or even pirated citizenship. once they got that, they would dump all their funds into pigeonholes at whatever prices the sellers would command.
well, it would be good for the sellers in the beginning but becos of this, it drives the market crazy. everyone now becums greedy and think their pigeonholes are really worth that much. it's a chain reaction and hence, that's how now the prices are crazy.
the tiongs once got their exaggerated priced flats would play a waiting game since they ve set the greediness rolling. they know the prices would go up further in a couple of yrs. being "singaporeans" now, they would plan to sell away their flats now at a new even crazier prices.
after they got their $$$$, they would just emigrate to another place probably oz or USA where the prices of properties are so much cheaper.
what do they contribute? NOTHING. it's just turn sgp into a craze mnney greedy place.
we being the love singapore citizens are badly being hit becos of the fake prop prices the tiongs ve drive up.
now apply this to the hawker stalls which the gahmen gives through tendering. the tiongs would again repeat the same n drive up the rentals. again, singaporeans are being hit badly again.
so how stupig our million$ gahmen is? tsk...tsk...if only they are not ruled by GREED but by a sheer caring heart for the people :(