Of course they lease the land lah....either from JTC or HDB or
someone else. But the gahmen, in order to attact them to stay here,
will of course give attractive tax breaks, etc to incentivise them.
Hence any increase in rentals of land is minimal.
The greatest impact is when these incentives run out or rising
wages. But given the peanuts that our workers earn, it also won't
play much vis-a-vis their turnover.
You can tell your teacher, land costs won't affect MNCs like them
but Singaporeans like you and me who stay in HDB pigeon holes and
work for MNCs or other companies....roger?