Disillusioned at home, super-rich Chinese set their sights on Singapore

Singapore News News

Disillusioned at home, super-rich Chinese set their sights on Singapore
Singapore Latest News,Singapore Headlines
  • 📰 TODAYonline
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 99%

SINGAPORE — Like many rich Chinese, graduate student Zayn Zhang thinks Singapore could be ideal to park his family's wealth.

He's hoping that studying at a university in the Asian financial hub will lead to permanent residency and while the 26-year-old hits the books, his wife is out looking for a S$5-7 million penthouse.

Several Chinese attendees said they had recently relocated to Singapore or were thinking of doing so. That disenchantment propelled Mr Zhang, who gained Hong Kong residency in 2021, to look at Singapore. Though fresher statistics are not available, those involved in the industry said interest in family offices picked up in 2022 and is expected to continue unabated this year.

Many are parents looking to obtain permanent residency for their children, he said, noting enquiries also came from Japanese and Malaysian potential clients in addition to Chinese.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

TODAYonline /  🏆 1. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Neo Kian Hong elected as chairman of Singapore Golf Association - Singapore NewsNeo Kian Hong elected as chairman of Singapore Golf Association - Singapore NewsHe hopes to rally their partners in the golfing community and aspires to continue the good work to promote golf in Singapore and groom golfing talents to represent the nation.
Read more »

Singapore man resorts to Google Maps to see late grandma he misses during Chinese New YearSingapore man resorts to Google Maps to see late grandma he misses during Chinese New YearShe was on her daily grocery run when cameras captured her in 2009.
Read more »

Tin Pei Ling is now Grab Singapore's director of public affairs and policyTin Pei Ling is now Grab Singapore's director of public affairs and policySINGAPORE – Member of Parliament Tin Pei Ling has joined ride-hailing and technology giant Grab as its Singapore director of public affairs and policy. Ms Tin, who is the MP for MacPherson, joined the Nasdaq-listed company in January, Grab confirmed on Wednesday. Her appointment was made public after the 39-year-old made an appearance that day at a Chinese New Year...
Read more »

Rising Interest Rates and Returns for Singapore Savings Bonds (SSB) - Should You Start Investing In It? - Singapore NewsRising Interest Rates and Returns for Singapore Savings Bonds (SSB) - Should You Start Investing In It? - Singapore NewsLearn more about Singapore Savings Bond (SSB), a bond with a steady rise in interest rates with no capital loss!
Read more »

Morning Digest, Feb 2 - Singapore NewsMorning Digest, Feb 2 - Singapore NewsHere are the top stories you might've missed...
Read more »

Maid says she's unhappy working for her employer's mother in Australia, wants to break her contract and come back to Singapore in few months' time - Singapore NewsMaid says she's unhappy working for her employer's mother in Australia, wants to break her contract and come back to Singapore in few months' time - Singapore NewsShe asked netizens if it would be a problem should she want to return to her home country of Indonesia for a few months and then come back to Singapore in April to work under a new employer.
Read more »



Render Time: 2025-02-18 01:08:41