THE one-way bet on the Singapore dollar which had a pretty good run the previous five years is gone, and with foreign investors staying away, expect private property prices to fall 10 per cent in the next 12 months, said Mark Matthews, Bank Julius Baer head of research Asia.
Singapore, the most expensive city in Asia is fast losing its lustre for many expats, noted Mr Matthews.
It is also the seventh-most expensive city to live in the world, while traditional rival Hong Kong is cheaper at 12th place, and Tokyo is a relative bargain at 19th, according to the website Expatistan. (BT on 31st January 2014)
BTW, Baer means bear. So bear mauls horse? TRE, TOC readers will he happy. A weak S$ leads to higher inflation*, leads to higher interest rates, leads to collapsing property market, leads to PAP defeat will be their reasoning.
Related posts
— https://atans1.wordpress.com/2013/12/19/tre-readers-are-illiterate-in-economics-and-finance/
Happy Neigh Year as the Disney channel cartoon characters will say.
*Update at 9.00am on 4 February 2014:
I juz came across this report again http://sbr.com.sg/economy/news/singapore-inflation-moderated-24-in-2013yesterday, while looking for something else. It was trupeted by ST as a triump by the govt- moderating inflation
It reminded me of an interesting observation juz before CNY. At the Outram MRT stn there is shop selling rice dishes like chicken rice. In mid November when I exited the station, it was selling the dishes at $2 (a price I know it has held for several yrs). When I next passed the stall on 29th January, the price was $2.20.
Inflation moderating? What moderating? To misquote the sleeping co-driver.
Thoughts of a Cynical Investor 
Singapore is Dan in bible.and Malaya is Jair in the Israeli family
http://blog.roodo.com/esir/archives/18720549.html
GOCC BIBLE TEACHINGS – THE TRIBE OF DAN & THE SERPENT
Someone should tell him that the Singapore Exchange rate is determined by policy not market forces.
Yes but policy that takes into account market forces.
Only in as much it’s managed based on a trade weighted basket of currencies and not capital flows. Because of the policy of non-internationalisation if the SGD there isn’t much danger that there will be drastic movements in exchange rates.