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.