Tag: high-net-worth individuals
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Wealthy Singaporeans Drive $5 Million+ Luxury Home Purchases, Outpacing Foreign Buyers
Singapore’s Luxury Home Market Remains Driven by Local Wealth In Singapore’s high-end real estate scene, buyers with substantial local wealth are steering the market for homes priced at $5 million and above. The latest trends show that wealthy Singaporeans are snapping up larger units in prime districts, consolidating their position as the dominant force in…
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The Decline of Singapore as a Wealth Hub for China’s Rich
Introduction: Singapore’s Wealth Landscape Once regarded as a prime destination for wealthy mainland Chinese families, Singapore is witnessing a significant shift in its appeal as a wealth management hub. After a surge in interest following the political upheavals in Hong Kong in 2019, the country is now experiencing a decrease in its attractiveness for China’s…