Singapore’s soaring land prices ‘suicidal’ for developers

This is the title of a Bloomberg report on 20 Feb 14. ‘Billionaire
developer Kwek Leng Beng said last year that skyrocketing prices and
restrictive rules make buying residential land in Singapore ‘suicidal’.
That hasn’t stopped international developers from rushing in.’
 
Now we know what is the major factor that is causing unusually high
property prices. But it is ok, no problem,