This is how it works, PR's come in and drive up the prices, And
when the market is at its peak,, they sell , possibly to other
foreigners for a hefty profit and go back to retire in their own
countries. Singapore loses as none of these exploiters will want to
take up residency here due to the monetary benefits of their
exploitation loophole
This is also the reason why in Australia, if u sell yr home , u
need to pay taxes.
I would recommend a housing tax scheme for PRs who sell their
home or impose a cap on the selling price. Because of these PR
farkers, locals have to pay artificially inflated pricing.