Marina Bay reported on Bloomberg that Singapore is currently becoming a new gathering place for the super-rich because the epidemic here is relatively controllable.
Singapore has always had a fascinating attraction to wealthy Chinese, Indonesians and Malaysians.
Bloomberg published a report two days ago "The super rich see Singapore as a safe haven", the article describes The rich people live happily in Singapore, and it explains well why the rich like Singapore, especially during the epidemic.
Source: Bloomberg
"For a long time, Singapore has attracted wealthy people who come for short trips, shopping, and casinos. Play baccarat or enjoy top-notch medical care in a world-class clinic.
The private hospital Mount Elizabeth Hospital is only a few steps away from Orchard’s brand-name shops. There is even a large The privileged banking center of Bank of China.
But the new crown epidemic has changed all of this, prompting many rich people and their families to stay in Singapore for several months.
According to data collected by Johns Hopkins University, the death rate from the new crown in Malaysia and Indonesia next door is higher than that in Singapore 10 times and more than 30 times..."
Still photo: "Golden Romance"
According to foreign media reports, since the end of 2019, the number of single-family offices in Singapore has doubled to about 400!
Article description:
"The gathering of rich and powerful people in Singapore has caused the demand for private golf club membership to soar, even in Before the tightening of epidemic prevention measures, Michelin-starred restaurants were crowded...
Real estate prices set the largest increase since 2018 . ”
Foreign media also found bright spots:
The outbreak in Singapore has been repeated recently, but the Singapore property market is completely unaffected by the outbreak, as can be seen from the land prices and housing prices.
In terms of housing prices, the resale price of non-landed private homes (usually apartments) in Singapore has been continuously six months of increase strong>, and in April it also rose 0.2%.
At the same time, Singaporean businessmen, such as car dealer and financier Keith Ou, are doing a big job.
He said: "After the epidemic, we may become stronger and this will be a better place, so many new citizens may regard Singapore as their home."
When Keith Ou, a car dealer in Singapore, saw the information on Facebook for the first time, he was not sure if it was true. A customer ordered a 1.1 million SGD (approximately 5.3 million RMB) Bentley car on the social network, which in his opinion is impossible.
He said: "They just asked about the price and when we can deliver it, nothing more. It is S$1 million for us, but it may not be a big deal to them."
This fast sale is the latest sign of a big trend: Money is unprecedentedly abundant around Singapore. With the impact of the epidemic on Southeast Asia, Singapore has become a safe haven for some of the richest people in the region and their families.
Singapore itself is one of the destinations that attract the global billionaires. In particular, the Singaporean government has taken steps to control the epidemic and help companies and people cope with the economic impact of the epidemic, which invisibly greatly improves Singapore’s image in the eyes of the wealthy and strengthens it. Singapore's status as an investment haven.
According to the "2021 Wealth Report", as many as 26% of the rich intend to purchase real estate this year. Singapore is their most preferred country to invest in the Asia-Pacific region, and ranks fourth in the world, only behind the United Kingdom, the United States and Australia. Deng Meishan said: "Singapore's solid economic foundation, good governance, and attractive tax system have attracted the world's super-rich to buy their homes here."
Despite the impact of the COVID-19 pandemic, the number of rich people in Singapore continues to grow, and the rapid growth rate ranks third in the world.
Singapore had 3,732 ultra-high-net-worth individuals (UHNWI) with a net worth of US$30 million (S$39.94 million) or higher last year, an increase of 10.2% or 345 from the previous year. The growth rate is the third fastest in the world, ranking only in China ( 16%) and Sweden (11%).
The report also predicts that the Asia-Pacific region will be the region with the fastest increase in the number of UHNWIs in the next five years, and it will increase by 33% to 168,567 by 2025, surpassing the global average increase of 27% in UHNWIs.
Singapore has always attracted rich people from all over the world, and it is also the "back garden" of Asian rich people. There are luxurious star hotels, diversified cuisine, and the public security index ranks first in the world, making it an ideal leisure resort.
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Singapore Family Office
According to the relevant regulations of Singapore: the applicant sets up a family office in Singapore and can incur an annual fee of 200,000 SGD , The family office can apply for Singapore permanent residency status for relevant persons.
By deploying and managing assets in Singapore, family members can serve as senior managers in the family office and obtain EP employment standards. (Employment Pass), after about two years, you can apply for permanent residence status (PR) for the whole family.
Advantages of immigration to Singapore
★ Chinese liveable: 76% Chinese, the mainstream language is Chinese
★ Tax haven: no global taxation, no inheritance tax, no capital gains tax
★ Bilingual education: high-quality bilingual education environment, using Cambridge education system
★ Conducive to doing business: Once rated as one of the most suitable countries for doing business in the world
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