Too 'material' thinking, which will serve to
create much regrets in the future when wisdom descend upon his
life.
You are right about having a relationship without increasing his
current financial woe. He doesn't sees it the way you do, for his
mindset has been taught to him that having a relationship is a form
of expediture. He doesn't sees love as a form of motivation (to
succeed in life), self actualization, for the soul or whatever.
Inevitable, most Singaporean men are like that and because of it,
he will be paid with what his mindsets tells him - that he is
inadequate and therefore, makes no decision.
You will probably feel stagnant hanging around him with such
dubious status; chances are, you will opt out soon enough (Unless
you have strong fixed signs or prominent planets in Cancer, Pisces
and especially Scorpio). Feelings, many times, is not a reason
enough to payback all these suppression of all dimensions. (In
Mandarin we called it Wei Qu)
My advice is to leave the friendship as it is, minus the kissing
part. If the man you like can't seem to commit for any reason,
whatever reasons he gives is a good enough reason. You only need willingness to
commit, without it, nothing helps. If he is not in
a state ready for a relationship, with your presence, it wouldn't
make much difference, afterall, he also choose to give up his
potential foreigner gf. 
Cheers
