The Super Rich choising Singapire as the world’s safest haven to park their money iis both good and bad news to the average Singaporeans. Singapore’s political stability and the government’s friendly policy to let the Super Rich people set up Home Office in Singapore is the main motivation for the rich to invest in Singapore. Their investments move the price of Singapore’s real estate up. Many Singaporeans feel they are now ‘richer’ because tge price of their property has appreciated greatly. But many Singaporeans also feel poorer because those planning to buy a property cannot catch up with the increase in price.
Why The Super Rich Are Choosing Singapore?
Richest People in Asia Pouring Into Singapore.
Chinese billionaire Jack Ma's Wife has acquired three so-called shophouses in Singapore.
The prices for street houses in Singapore have soared to a record high of 5,500 Singapore dollars (approximately US$4,000) per square foot, twice the price of Fifth Avenue in Manhattan, the world's most expensive shopping street.
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*Why are more and more wealthy people choosing Singapore?
*What impact might this investment have on the local real estate market in Singapore?
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