I cannot agree with you more.
Singapore is definitely on a trend of becoming another Monaco. The 2 casinos and the annual F-1 race are good indications of the trend. Also the number of Ferraris, Lambos, and chauffeur driven luxury cars on the road is another good indication.
I can envision that sometime in the future, most of our residents will be multimillionaires like in Monaco. Those who aren't will be the servants (like maids, butlers, chefs, chauffeurs, etc.) employed by the multimillionaires, or employees working in service industries serving the elites. Those who are middle income professionals will have their homes in JB but work here during the day as they will not be able to afford the Monaco Standard of Living. The elites still need the professional services of accountants, real estate agents, lawyers, doctors, dentists, etc..
The world is in desperate need of another country like Monaco and Singapore has been gradually and surely filling that need in the global marketplace.
Keep up the fantastic job PAP!
