The vast majority of Singaporeans finance their homes with savings in the Central Provident Fund; and lenders scrutinise borrowers’ credit worthiness closely before granting the loans.

Massive programmes, such as the introduction of various economic, industrial and cutting edge R&D programmes, are afloat to bring in new global talents to enlarge the current 4.5 million population to 6.5 million.

And with the advent of two integrated resorts with casinos by year 2010, Singapore will be able to attract more investors and individuals of high net worth to park their funds here.

In the worst case scenario of a global recession, Singapore may benefit from a 'capital flight to quality' because of its good reputation as a financial hub. (15 September 2007)

Edited by Sam Gian – Independent real estate sale consultant