A 2007 cable from Wikileak reported that Singapore government planing for a population of closer to five million.
MAH clarified that, in spite of press reports, a Singapore population of 6.5 million is not a target but rather the "maximum number" of people Singapore could support while maintaining the "current quality of life." In any case, he said that it will be 40-50 years before Singapore's population reached that level. In the near term, the GOS is planning for a population of closer to five million. About half of this figure will comprise immigrants
MAH BOW TAN told the delegation and Ambassador that the GOS will not interfere with the overheated real estate market via legislation. The recent imbalance is temporary, he claimed, and will naturally correct in the next 2-3 years......
According to Singstat, our population already hit 5.077 million in 2010. Besides, if we project population base on past ten years of growth, we will hit 6.5 million in merely 2025 or less, which is 15 years from now. We will see how Lee Hsien Loong can slow the FT ponzi down without crashing the real estate. What happen after 6.5 million population is another big question. Will PAP import another 10 million?
And property market does not correct even in today which is already 4 years later.