There are hot money coming in Singapore driven by sky
rocketing property boom in China and HK.
Investors there took profit and run in
anticipation of correction. Parked their money here, and in so
doing, drives our private property prices up and up.
Hot money from the US and Europe are also pouring into our
private property. Europe - in anticipation of the currency
volatilities and economic stagnation. US - monetary policy of
printing money.
The strong economic performance in Indonesia also filtered in
our property boom as Singapore is traditionally their safe
haven.
