Super Rich Choose Singapore as Their Safe Haven

Singapore has become a safe haven for the super-rich due to its safety and government incentives during COVID-19. This influx has positively impacted high-end businesses, the property market, and luxury goods sales. However, challenges like limited hangar space for private jets persist. The trend began when COVID-19 hit, and many wealthy individuals have remained in Singapore.

What factors have contributed to Singapore becoming a safe haven for the wealthy?

• Government incentives and safety

• Its tropical climate and beaches

• Low cost of living

• Proximity to other Asian countries

How has the influx of wealthy individuals affected high-end restaurants and bars in Singapore?

• They have seen a significant increase in business

• They have struggled to attract customers

• They have had to lower their prices

• They have remained unaffected

Which areas of the property market in Singapore have seen a boost due to the presence of wealthy individuals?

• Suburban family homes

• Commercial office spaces

• Luxury apartments and mansions

• Affordable housing

What trend has been observed in the luxury car market in Singapore?

• An unprecedented increase in sales

• Sales have remained stable

• A decline in sales

• A shift towards electric vehicles

What challenge is associated with owning a private jet in Singapore?

• Difficulty in obtaining a pilot license

• Strict environmental regulations

• Limited hangar space

• High maintenance costs