Glut of supply there. There won't be enough demand to absorb the sharp rise in supply.  Country Garden Danga Bay project had impressive take up of 6000+ units out of 9000 units when it was launched. But the take up today after one year still remain largely unchanged.  Given several thousands of units coming into the market soon, how many foreign investors they can really bring in.  Even they manage to secure large number of foreign buyers, they are mostly investors.  How many units will be rented out.  It may end out to be a quiet / dead town, though this is not what I wish to see.

These Chinese developers should have studied the market before coming in. Now they have spoiled the market for Chinese, msian n Singaporean developers. Still better to buy a similar priced condo with wide open views.