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Does it make sense to invite foreigners to invest in our land?

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Does it make sense for us to invite foreigners to invest in our homes and drive up the prices of our homes, while they do not live here nor have a stake in our land. 

As the PAP allow them to drive up prices here and turn Singapore into their investment arena, who is left to pick up the flak, except for the Singaporeans who have to live here, who have to pay ever-increasing prices? 

In an investment-fuelled economy where wages do not rise in tandem, how can the wages of Singaporeans keep pace with an inflation fuelled by over-investment? 

Should Singapore be turned into a speculative investment arena, so that the PAP can drive up GDP and increase their own salaries and coffers, whilst Singaporeans are left to fend for ourselves, at ever-diminishing real incomes? 

Or should a responsible government invests in its people and create opportunities for its people to learn, grow and commit together in Singapore to prosper together and as one?

 

Roy Ngerng

*Article first appared on https://www.facebook.com/sexiespider/posts/10152024277469141?stream_ref=1

 

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