The hottest property market in the world

It was a rude awakening, as if woken from a sweet dream that my Singaporean expat bosses lamented about the rising costs of accommodation. Housing rent and business rent has imploded in Singapore, giving her the distinction of being the hottest property market in the world according to Jones Lang LaSalle. (See the rate of increase as illustrated above)

It was reported that this price surge had taken the government by surprise, though I believe this bears testimony to the government's successful effort in re-making Singapore into a country of choice for foreign businesses as well as foreign talents. Kudos to the party-in-charge. They deserve their million dollar salary.

As for me, I watch in earnest at how Singapore has progressed and am ambivalent over her fantastic growth in the last year while I was away. I am proud to see her as a serious contender to Hong Kong, London or even New York as the most 'happening' city for work and play. On the other hand, I am getting increasingly clueless as to when I will be able to come back to our lovely shores and be able to afford a decent looking flat - most probably I will have to start looking at the properties in Johor Bahru ...

Nevertheless, I am counting down the number of days before I arrive back in sunny Singapore. Enough of croissants, President-brand butter, oats, I am getting ready for nasi lemak, oily noodles and good-o Tiong Bahru porridge.