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Jobs for PR only? (Singapore)

Hello Singapore,

Just a question regarding the job market situation in your city...
I am trying to look for a job there - from overseas, not the easiest I reckon -, yet 90% of the good job offers I can see on all headhunting/recruitment websites are marked "for Singaporeans or PRs only".
Is the situation so bad in Singapore that you have many residents on the market, preventing new expats to come in?

I currently live in Dubai where situation is horrifying - despite the "everything is fine" official communication that is :) - and I was expecting Asia to be slightly better.. Am I wrong?

Any hint from inside would be much appreciated!
Thanks chaps,