Singapore’s reputation as a safe harbor for wealthy mainland Chinese families is fading, reversing an inflow that came at the expense of rival wealth hubs like Hong Kong and Japan.
➡️ Political stability, a favorable family-office regime, independent courts, and Mandarin fluency made Singapore a natural draw for China’s super-rich.
➡️ A tightening web of regulations, tax scrutiny, and compliance demands is driving a fresh exodus.
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Could it also be the cost of being in Singapore? it seems like a great place but Japan and Dubai are cheaper or am I wrong?
When Singapore started attracting wealthy foreigners, it only wanted the 1,600 clean ones. Not those dirty party goers till dawn type. Now they got what they want
2025
Not sure the messaging here is bad for Singapore at all really. They only want good, clean, upstanding immigrants, and that’s what they’ll get. They’re telling you to take your dirty money elsewhere. The Chinese themselves have a saying, if you haven’t done anything wrong, why do you fear the dark?
Lack of night life … what a term to try turn our younger generation into mindless “jiu cai”. Seriously, not happy, then let’s show down send all data to Beijing! Let the crackdown begin lol
Who wants dirty laundry in their own backyard? Not Singapore. No loss to the country. 0.
Good riddance!