Q: It used to be argued that property prices should not be allowed to run too far ahead of salary increases, otherwise your average worker would not be able to afford those properties. That is true if the market consists primarily of the domestic population. But when you open up the property market to foreigners, you are delinking property prices from wages, with the former possibly going up a lot more than the latter. Is there not danger when that happens? A: But Singaporeans have also made great gains from their properties. If they believe their property is overpriced and that prices will
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