to be honest, if the property is hold by many foreign investors and push the price up, the property market is healthier.... just the locals need to compete with the price those foreigners have.

don't over do with property market. 1997 we already faced it once and it bleed me dry, really dry. ppl rich like USA (and the house is cheap there...well, NYC is an exception though) also get hit.

property market is so tempting but somehow, it is the root cause of many people become "tied crab" as we are paying the morgage usually in long term.

just my opinion.