Whenever private home prices start to soar in Singapore, there’s a tendency to look toward foreign buyers. We were, for instance, subject to a slew of news reports about Chinese buyers rushing into the Singapore market during Covid-19; and veterans of the property market will recall similar fears in the aftermath of 2008/9 Global Financial Crisis. But how much do foreigners really contribute to rising home prices today? Or is it mostly just finger-pointing? The current private property market in Singapore  According to Square Foot Research, new launch prices averaged $2,518 psf as of end-August this year, up from $1,794 psf in August 2021. Resale prices averaged $1,493 psf in end-august, also up from $1,352 psf in August last year. As of Q2 this year, private home prices had risen around 3.2 per cent quarter-on-quarter. Overall, private home prices are now up around 18.6 per cent since the last trough in Q1 2020, which saw the start of the pandemic....