A lot of them are Malaysian SPRs.. Their buying power could be much higher than most local Singaporeans..
Agree. Malaysians esp chinese for decades, other than overseas education for their children, do not really spend their money esp. luxury things as they have to be in low profile all the time. Many are really super cash rich.
And now with the availability of quality housing with tight security in recent years and with money losing it's value to inflation, many are willing to invest in good properties.
For Singaporeans, I think mindsets are also changing as our media is slowly painting a different picture about Johor because our govt has a big stake in Iskander. Now they're beginning to slowly try and brainwash us to send our elderly to retire there with the recent CNA prog. Later they will be very aggressive in promoting their Wellness Centre when project begin construction.