The best indicator of whether more foreigners are coming is the MRT. Just take the train regularly and you can feel and sense whether there are more or less foreigners in the country. These few weeks I have noticed an exceptionally higher presence of foreigners in the train. They are all over you, front, back, left and right. And the whole train smells.
I only wish the ladies will wear a little more fragrance to make the air more pleasant. Maybe they have given up hope as the smell is so over powering that their expensive fragrance may lose out to the competition.
And yes, there are more foreigners, the foreigner workers, not the foreign PMETs. They used to be a lot of time. But lately the trend is changing.
And with the surprise this morning, yes, surprise, hike in stamp fees for property speculations, the high end foreigners may also move out. No more money to make from the Sinkies. Yes, whenever some speculators, local or foreigners make money from speculating properties, someone loses. Who is that someone? No prize for getting the right answer.
The net losers in the property speculation game are the Singaporeans. Other than the property speculators, there is another big winner, or two actually. The developers and one more, this one cannot mention mah. Can only guess.
Why do we want more foreigners to speculate properties and in the process Singaporeans ended the big loser, holding the baby? The same rationale applies to the stock market. Why allow all the big funds to come here and clean up the market with their super computers? Whose money is being swept away? What is the net gain for their presence? Or what is the net loss for their presence, big funds speculating in the stock market and the rich foreigners speculating in the property market?
Oh yes, more vibrancy, more oomphs, a vibrant financial centre. Who is paying for it? I simple minded, only want to know at the end of the day, is it a gain or a loss to the country and people?