SMS, I can't win can I? if I quote the government then I will be called a naive Singaporean who believes everything the gahmen tells me. I do my own thinking and I'm accused of not parroting official figures.sundaymorningstaple wrote:Funny you disagree with HDB's assessment of the facts.
In any case I'm not refuting the data. I acknowledged that 20% of HDB sales are to PRs. I'm merely adding data to point out that comparing the proportion of PRs to citizens (1:6) the proportion of PRs buying HDBs (1:5) is disproportionate. Plus market data suggesting that more PRs are searchin than are actually buying which suggests that PRs are by no means a dormant and negligible segment of the housing market.
I couldn't find that data so I'm working with what I have. From what I see I'm the only one here even bothering to try to understand the facts. Everyone else simply denies the possibility that foreigners do have an impact on property prices, for no other reason than you just don't want to believe it.sundaymorningstaple wrote:Your population statistics may or may not be a valid point for creating a percentage. What would be more valid is the local vrs PR "Households" as opposed to the total population don't you think?
By the way, I realized my earlier calculation was wrong. 541,000 PRs and 3,230,700 citizens means PRs make up only 14% of the total population eligible for HDBs, which make their 20% of recent transactions even more disproportionate.
But believe what you want. I'm realizing the futility of trying to have a rational discussion here. I don't approve of the anti-foreigner sentiment any of you have to deal with and I'm sorry for it. But I also have an issue with people who believe what they want regardless of facts.