Singapore's famously efficient government faces a challenge that has stymied many a country before: safely guiding its toppish property market to a soft landing as interest rates rise.
Property prices in the city-state have surged over 60 percent since 2009, propelled by rock-bottom global interest rates and quantitative easing in developed economies, even as Singapore's government has enacted a series of cooling measures to prevent a bubble from forming.
Singapore's latest push to encourage companies to hire locally is unlikely to have a significant impact on foreigners looking to land a job in the Southeast Asian financial hub, say experts.
"Posting a job on the new job bank for 14 days isn't a significant time period. The process of recruitment with regards to the salary range takes between one to six months," Mark Hall, vice president and country manager at staffing agency Kelly Services Singapore told CNBC.