ABSTRACT
Two different types of global city politics are identified: first, those seeking to attract multinational companies, global capital and investments, and second, those attempting to regulate the property market. The aim of Global City Politics II is to regulate the property market. Thus, a boom in some other market does not affect prices in Singapore as directly as it does in the property market where foreigners have larger possessions. In Singapore, the harmful effect of the rise in housing prices on labour power is prevented through a clear separation between private and public housing marketsInternational comparisons show that Singapore has high taxes on property. The development of luxurious and pleasant shopping centres with cinemas and other entertainment facilities plus high property taxes can function to increase and channel to Singapore revenues created in the extravagance and conspicuous consumption by expatriate families, tourists and the Singaporean new wealthy class.
