Singaporeans anxious over high home prices

Some city state residents blame influx of foreigners
Reuters Mar 30, 2011

Wendy Cheng has been trying to buy a home for over two years but without success.

Cheng and her American teacher husband cannot afford property on the open market where a government-built apartment can fetch as much as S$700,000 (HK$4.3 million), and they have been unsuccessful in balloting for flats available from the state at a lower price.
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