"You say maybe foreigners are paying these high valuations. I think if you check, you’ll find that the majority are Singaporeans. The foreigners who come here and look at HDB flats generally buy the lower value flats.
You’ll see that they are spread out in the suburban areas, and their salaries tend not to be that high. They don’t get the kind of grants we give Singaporeans. And it’s not so easy for them. I haven’t done an analysis of the statistics, but I’d be prepared to say that it is primarily Singaporeans who are paying these prices."
"We’ve grown in the last five years by just importing labour. Now, the people feel uncomfortable, there are too many foreigners.
"Trains are overcrowded with foreigners, buses too, property prices have gone up because foreigners with permanent residence are buying into the market."
Me, I blame aliens from Mars.