According to ERA, there are more PR buyers of resale HDB flats now, double the proportion for 3 years ago. Hence the amazing recession-defying price increases could be partly due to these additional PR buyers, who are the direct beneficiaries of our foreign talent policy - and as for the merits of the FT policy, we can discuss ...

"The government's target population of 6.5 million is steadily increasing the
pool of PRs; and they have to buy their HDB homes from the resale market as they
do not qualify to buy new flats directly from HDB. ERA's resale transactions
show that PR buyers make up some 40 per cent compared to 20 per cent three years ago." - Eugene Lim, assosiate director, ERA Asia-Pacific.