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Singapore is a breathtakingly beautiful tropical island that the world’s richest flock to for a place in Asia’s growing economic hub. It offers competitive tax rates, low corruption, and political stability. But that’s not all that attracts billionaires to this city-state– it’s also one of the most luxurious and expensive places to live in the entire world. Are you ready to find out why?
Singapore has over 40 billionaires as of 2021. They enjoy luxurious mansions, towering penthouses, sandy beaches, and super yachts. The city has an airport for private jets and exclusive country clubs with insanely high fees. But the city’s billionaires– from Facebook co-founder Eduardo Saverin to med-tech entrepreneur Li Xiting– can definitely afford the city’s high cost of living. Even cars in the city are about 5-times more expensive than in the United States.
From Nassim Road to Marina Bay and Sentosa Island, there are plenty of ritzy neighborhoods for the city’s billionaires to choose from. They offer exclusive housing, proximity to high-end retail, and even some of the best medical centers in the world. In the first half of 2021, the amount of money spent on real estate exceeded what was spent in Manhattan in the same six-month period. The Lion City has become the new Big Apple, with billionaires hurrying to buy up limited land and take advantage of the country’s tax incentives. Do you want to see what it’s really like to live in luxury in Singapore? Then click play and let’s explore the island paradise.
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Written by: Courtney Hayes
Narrated by: Peter Lawrence
Edited by: Adam A.
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00:36 Singapore has more than 40 billionaires
03:03 Why the rich love Singapore
04:38 Singapore’s richest neighborhoods
06:27 The island’s packed with luxuries”