Agree bro. The writing is already on the wall. Singapore will be comfortable if you are truly rich. Many Singaporeans are stressed on the job. They worry about making mistakes and breaking their rice bowl in the process,..why?..cos they have a huge car and house to pay and worse if got some medical problem, there goes the savings. Such self preservation makes people more and more selfish and even willing to compromise ethics/values for money. This is also partly the reason why our tolerance level for foreigners working in Singapore is getting lower and lower. I think the government should take a look at our group's statistics...number of Singaporeans who own houses in JB. I can bet my last dollar it has been rising consistenly over the years and is directly correlated to the number of FTs they bring in. The more they make us feel being Singaporeans is nothing special in Singapore, the more Singaporeans want to look elsewhere to call home.
cheers.
The missing link is always the lack of a hinterland in Singapore - as always reminded by Bro Wuji.
All these FTs, even if they sustained the same pressures, costs, punishments, etc, they can retire back to their homelands and enjoying either the benefits or the low prices that come with their economies.
My Canadian friend worked here and would be very happy to be looked after properly back home.
My Indian colleague are buying properties and land back home; taking advantage of the Rupees' plunge over the past months.
In short, let us make the best of opportunities available and seize them when it becomes available!
Paying $800K for a HDB flat or $1,300 psf for Punggol condo may not give the best returns on the face of the earth presently. We need to look further.