The number of foreign employment has crashed.

With the impending huge oversupply of properties coming, there will be empty condos everywhere. There will be more and more "ghost condos".

Those property investors, especially the middle income hdb dwellers, will be in deep trouble. They will have no tenant and their salary is not enough to service their mortgage. Worse still, interest rates is rising.

The property market will crash unless we bring in a huge number of foreign workers and foreign talent immediately to rent the empty condos and empty hdb flats. There must also be a big cut in property supply to solve this huge problem.