We need more CECA's to serve the super rich. Jobs sinkies not suited to do.

[syed putra]

The super rich are choosing Singapore as the world's safest haven​

Money is sloshing around Singapore like never before. Family offices, Bentley sales and real estate prices are booming.
SAT, MAY 29, 2021 - 5:50 AM

UPDATED SAT, MAY 29, 2021 - 1:02 PM
DAVID RAMLI
LULU CHEN

While Singapore has long been a draw for wealthy Chinese, Indonesians and Malaysians who would come for short trips to shop, visit the casino or get check-ups at world-class clinics, the pandemic has changed all that, prompting many tycoons and their families to stay for months - in some cases seeking residency to ride out the storm.
PHOTO: BLOOMBERG
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WHEN Singaporean car dealer Keith Oh first read the Facebook message, he was not sure if it was real. A Chinese client ordered a S$1.1 million Bentley - sight unseen - over the social network.
"They just asked for the price and when we could do the delivery, that's all," he said. "It's a million dollars to us, but it's probably nothing to them."
The quick sale was the latest sign of a wider trend: Money is sloshing around Singapore like never before. As the coronavirus pandemic hammers South-east Asia and political turmoil threatens Hong Kong, the city has become a safe harbour for some of the region's wealthiest tycoons and their families.
For rich people "who can decide where they want to live and settle down, Singapore is a place of choice now", said Stephan Repkow, who founded Wealth Management Alliance in 2015 after four years at Union Bancaire Privee. He said two of his foreign clients had become residents in the past 12 months and more are on the way

 

[face the facts]

the big big picture is, land is scarce in spore, only the super rich should stay, we fucking locals can fuck each other in our pigeon holes and be contended...no?