Thanks to PAP singkies are wealthy without even manufacturing anything of substance. Like tsmc to taiwan and samsung to korea.

[syed putra]

Singapore is now world's second-richest country, far ahead of its Southeast Asian neighbors​

By Phan Anh August 12, 2025 | 05:00 am PT

Aerial view of the Marina Bay Sands in Singapore. Photo by Unsplash
Singapore has been named the world's second-richest country, and by far the wealthiest in Southeast Asia, in The Economist's latest annual wealth ranking.
The ranking, which assessed 178 countries, placed Singapore's GDP per person at market exchange rates at US$90,700 in 2024, second only to Switzerland's US$100,000 and ahead of Norway's US$86,800.

No other country in Southeast Asia comes close. Brunei ranks a distant second in the region with US$33,400, followed by Malaysia at US$11,900. Vietnam, one of the region's fastest-growing economies, has a GDP per person of US$4,720, according to the ranking.

When adjusted for local costs, a measure known as purchasing-power parity (PPP) that better reflects living standards, Singapore overtook Switzerland to claim first place globally. Lower living costs compared with other wealthy nations mean Singaporeans enjoy greater purchasing power for every dollar earned.

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However, when working hours were factored in, the city-state dropped to eighth place, as nations such as Norway, Qatar and Denmark scored higher thanks to shorter workweeks combined with strong productivity, Mothership reported.

 

[Boonsiong]

Singapore will be the first country to be attacked and bombed by China once US and China go to war.

 

[Boonsiong]

China will not attack Taiwan if US and China go to war.

However, China will definitely attack Singapore at the very first instance as Singapore is the strategic military outpost for USA simply because Singapore has the state of the art submarine base for USA

 

[syed putra]

Singapore will be the first country to be attacked and bombed by China once US and China go to war.

Dont be daft. Chinese wont kill chinese.LKY already said that

 

[Boonsiong]

Dont be daft. Chinese wont kill chinese.LKY already said that

China attacks Singapore and this situation is the same as Russia attacks Ukraine

 

[Rogue Trader]

Sinkapore had billions if dollars pouring in after covid and Ukraine war. That's why can give CDC vouchers

 

[ftan42]

Before China would need to resort to force to reunify with Taiwan, the closest incident occurred in 1996 when the US deployed two aircraft carriers to the Taiwan Strait as a deterrent. However, the situation has evolved, and China no longer requires force to assert its dominance. Instead, China has been flexing its military muscles by conducting a series of exercises surrounding Taiwan, showcasing its latest ammunition and weaponry capabilities. The US has also engaged in war simulations with China, with each simulation resulting in a Chinese victory.

 

[winnipegjets]

Before China would need to resort to force to reunify with Taiwan, the closest incident occurred in 1996 when the US deployed two aircraft carriers to the Taiwan Strait as a deterrent. However, the situation has evolved, and China no longer requires force to assert its dominance. Instead, China has been flexing its military muscles by conducting a series of exercises surrounding Taiwan, showcasing its latest ammunition and weaponry capabilities. The US has also engaged in war simulations with China, with each simulation resulting in a Chinese victory.

Trump wants to prove that the US is number 1 in the world. Let there be war between China and US so that we will know once and for all if Trump is correct.

 

[True Believer]

Growing the population in S'pore benefits the govt. When the population increases, it puts pressure on housing and land prices which inflates the value of SG's land reserves. The govt’s financial reserves are estimated to be around $3 trillion, but the land it owns is worth several times that amount. The value of this land increases every time a new HDB record is set. The govt uses the excuse of rising property prices to divert more money from the national budget into housing subsidies, which then flow back into the reserves when land is sold to HDB and private developers. This is done without having to spend money on things that would genuinely improve the lives of the people.

 

[myfoot123]

Sinkieland thrive on selling assets, such as land. Take away real estate business, PAPPY is fart.

 

[True Believer]

Sinkieland thrive on selling assets, such as land. Take away real estate business, PAPPY is fart.

The revenue from land sales is a key part of the SG govt's fiscal plan. While the Govt Land Sales program is a significant source of revenue, I wonder how sustainable this economic strategy is?

 

[laksaboy]

Money laundering hub. Make friends with a few wealthy people, they might belanja you a meal every now and then.

 

[k1976]

Singapore is now world's second-richest country, far ahead of its Southeast Asian neighbors​

By Phan Anh August 12, 2025 | 05:00 am PT

Aerial view of the Marina Bay Sands in Singapore. Photo by Unsplash
Singapore has been named the world's second-richest country, and by far the wealthiest in Southeast Asia, in The Economist's latest annual wealth ranking.
The ranking, which assessed 178 countries, placed Singapore's GDP per person at market exchange rates at US$90,700 in 2024, second only to Switzerland's US$100,000 and ahead of Norway's US$86,800.

No other country in Southeast Asia comes close. Brunei ranks a distant second in the region with US$33,400, followed by Malaysia at US$11,900. Vietnam, one of the region's fastest-growing economies, has a GDP per person of US$4,720, according to the ranking.

When adjusted for local costs, a measure known as purchasing-power parity (PPP) that better reflects living standards, Singapore overtook Switzerland to claim first place globally. Lower living costs compared with other wealthy nations mean Singaporeans enjoy greater purchasing power for every dollar earned.

Advertisement


However, when working hours were factored in, the city-state dropped to eighth place, as nations such as Norway, Qatar and Denmark scored higher thanks to shorter workweeks combined with strong productivity, Mothership reported.

We have MBS, SPG, Changi T4, COE, HDBee and Condo mah

 

[k1976]

First-half GDP boost likely temporary; Republic must stay relevant amid challenges: Chan Chun Sing​

Andrew Wong
Sat, 16 August 2025 at 9:15 PM SGT4-min read

Singapore’s GDP growth hit 4.3 per cent year on year in the first half of 2025, which is stronger than expected.
SINGAPORE – Despite the stronger than expected gross domestic product (GDP) growth in the first half of 2025, the boost to the Republic’s economy is likely to be temporary.

And Singaporeans will need to be clear about the challenges that lie ahead, said Defence Minister Chan Chun Sing.

He was speaking at the Tanjong Pagar GRC and Queenstown and Radin Mas SMCs’ 60th National Day dinner on Aug 16 at Tanjong Pagar Community Club.

 

[k1976]

Singapore home sales jump to five-month high despite new curbs​

Bloomberg
Fri, 15 August 2025 at 2:19 PM SGT1-min read

Developers sold about 940 private units in July. (Photographer: SeongJoon Cho/Bloomberg) (Bloomberg)
By Low De Wei

(Bloomberg) – Singapore new home sales rose to their highest level since February despite the introduction of new curbs, in an indication of renewed buying demand in the city-state.

Developers sold about 940 private units in July, according to data from the Urban Redevelopment Authority released on Friday. That’s more than three times higher than June. There was also a significant spurt in homes launched for sale in July to 1,675 compared with just over 100 a month prior.

 

[syed putra]

Singapore home sales jump to five-month high despite new curbs​

Bloomberg
Fri, 15 August 2025 at 2:19 PM SGT1-min read

Developers sold about 940 private units in July. (Photographer: SeongJoon Cho/Bloomberg) (Bloomberg)
By Low De Wei

(Bloomberg) – Singapore new home sales rose to their highest level since February despite the introduction of new curbs, in an indication of renewed buying demand in the city-state.

Developers sold about 940 private units in July, according to data from the Urban Redevelopment Authority released on Friday. That’s more than three times higher than June. There was also a significant spurt in homes launched for sale in July to 1,675 compared with just over 100 a month prior.

Investors pouring money into real estate?

 

[k1976]

Investors pouring money into real estate?

More savvy investors very confidence in SG de

Only hardlander pigeon holes dweller like moi…kpkb de woh

 

[myfoot123]

The revenue from land sales is a key part of the SG govt's fiscal plan. While the Govt Land Sales program is a significant source of revenue, I wonder how sustainable this economic strategy is?

Singapore Pool is another source of revenue. I saw many Lau Aunties, taking up queue, each holding thick stack of tickets and paying hundreds of dollars for Hope.

 

[True Believer]

Singapore Pool is another source of revenue. I saw many Lau Aunties, taking up queue, each holding thick stack of tickets and paying hundreds of dollars for Hope.

S'pore Pools is where the low SES "buy hope".