One reason why life in Singapore is expensive....

[MrWorldwide]

Some chatter on various boards in Malaysia and Indonesia re a 'backlash' against expats allegedly pushing up property prices on the tiny island - I expect that this has been happening for years, but when someone like NathanTinkler goes looking for a house you can bet that plenty of Singaporeans will be happy to see him on their front steps, regardless of his business woes here in Oz. It doesnt seem to matter how much they owe, these guys always seem to have a few (hundred) million stashed somewhere. Will be interesting to see if Singapore's cradle-to-the-grave nanny state tightens up on their big cash cow, foreign investment - not hard to see how quickly this could become an issue for the locals who *dont* have Tinkler's millions.

http://au.finance.yahoo.com/news/tinkler-to-call-singapore-home--reports-004632995.html

Embattled mining tycoon Nathan Tinkler is reportedly moving to Singapore to set up a new company.

According to reports published in Fairfax media today, the debt-ridden businessman is continuing his efforts to sell his multi-million-dollar assets in Australia while tightening his business grip in the tax haven of Singapore.

Reports also claim Mr Tinkler has started a major restructure of his existing business in Singapore by axing the local director of his Bentley Resources and taking control as sole director and shareholder.

Singaporean company records show Mr Tinkler began the restructure in late April, less than a fortnight after liquidators of his failed Australian company, Mulsanne Resources, said they planned to bring legal action against him for insolvent trading.