Singapore will continue to welcome foreign talent while helping talented Singaporeans reach their full potential. Our open and multicultural society will be an increasing advantage. We must continue to attract top quality people from around the world, while investing further to provide the best opportunities for Singaporean talents to grow and develop, to the highest levels of expertise in a range of fields. Foreigners make up about 34 per cent of Singapore’s population of 4.99 million, following a long period of high economic growth up to 2008 during which Singapore accepted up to 100,000 people each year.
Increase in housing and jobs demand
With increasing population, there will be an increase in housing demand. This had led to unhappiness, to many Singaporeans. There have been complaints in newspapers and the internet about having to compete with foreigners for jobs and housing. But the global city Singapore wants to be has to have a large foreign population. With these increasing of housing it help many Singaporeans which are selling their flats would sell at a good price. However, it will cause more to those who are buying flats.
Increase in population
Without educated foreign residents, Singapore faces the threat of a declining economy with a shrinking labour force, he said in a speech stressing the importance of accepting and embracing them. Immigrants make up for the children Singaporeans are not having, he said. To shut them out is to risk an unwelcome scenario similar to that confronting Japan's graying population: 'They refuse to accept immigrants, so their economy is feeble and lacks vitality.' In Singapore, the burden will be too heavy for the young if there was no immigration. So, it is in Singapore's interest to have immigrants who can be integrated without upsetting the racial balance.
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