Good reasons to welcome more foreign talents
The PRs are helping to drive up the prices of resale flats. HDB owners are going to reap a handsome profit from selling their flats. Those who are not selling can rent their flats at higher prices. A 4 rm flat used to fetch $1000 pm in rental can now fetch $2000. So the oldies can forget about the CPF Life Insurance as they are assured of a $2000 income a month and can even get more. This is shielded from inflation unlike the money stuck in CPF. When inflation goes up, the rental will go up as well. Let's welcome the foreign talents. The more the merrier. And with HDB prices going up, private property owners can see their properties appreciate as well. Oh, just a little catch. Where are the HDB sellers going to stay if they sell their flats? Would they end up with a bigger boulder tied around their necks when they upgrade to more expensive private properties?