Why Are The Super Rich Choosing Singapore?

🌟🌟🌟Singapore is like a magnet to the Super Rich as it is a oasis of peace, stability and offers a high standard of living.  Singapore is also a dynamic financial centre offering extensive wealth management services to the Super Rich as Singapore is home to $DBS GROUP HOLDINGS LTD(D05.SI)$  the Safest bank in Asia, as well as $OVERSEA-CHINESE BANKING CORP(O39.SI)$  and $UNITED OVERSEAS BANK LIMITED(U11.SI)$ .

The Singapore Government have also given generous tax incentives for the Super Rich to establish their Family Offices.  To qualify a minimum sum of SGD 10 million Assets Under Management is required, which has to be increased to SGD 20 million AUM within 2 years.

In addition Singapore has great medical facilities such as the prestigeous Mount Elizabeth Hospital and the popular Gleneagles Hospital run by $ParkwayLife Reit(C2PU.SI)$ .

Singapore also has great private schools such as United World College and American School to cater to the children of the Super Rich. 

When it comes to entertainment and shopping, Singapore offers numerous world class shopping centres, Michelin Stars restaurants as well as 2 casinos, the Marina Bay Sands and Genting Singapore in Sentosa.

These are what attract the Super Rich to Sunny Singapore.   That is why The Super Rich are flocking to Singapore in droves.

However as a Singaporean, real estate prices have skyrocketed.  Fortunately most Singaporeans are proud homeowners and the Singapore Government have introduced measures such as Additional Stamp Duties when buying a house to prevent overheating of the housing market. 

Singapore is the best place to raise a family as it is safe, and the rule of law prevail.  It is not surprising why The Super Rich are choosing Singapore over other cities.

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