Still there is a word of caution in the article:
1. There is no guarantee that the foreigners will come with expat contracts. In my MNC most foreigners (Europeans) have a local contract and rent a room in a shared apartment for S$800 - S$1200. I'm wondering if they are willing to pay more for a Mickey-Mouse apartment. Would you if you were in the same situation?
2. Look at how many apartments are still empty at The Sail, Icon and other recently TOP condos. The rental market & yield is sluggish except for cheaper HDBs, which would explain the skyrocketing demand for resale HDB flats...