11 Dec '12, 3pm

Singapore the most desirable for mobile millionaires - The National

Singapore the most desirable for mobile millionaires - The National

It's enough to make the wealthy patrons of the Krug Room at the Mandarin Oriental choke on their champers. Singapore has topped Hong Kong as the most desired place in Asia for so-called mobile millionaires to reside. An RBC Wealth Management survey released yesterday cited quality of life in Singapore as the main attraction. Almost a third of the millionaires in Asia who live, work or spend more than half their time outside their countries of origin prefer Singapore, while 24 per cent pick Hong Kong, the second-most popular in the region, RBC and The Economist Intelligence Unit said in a joint research report. Property led the list of preferred assets for the internationally mobile wealthy, according to the survey, which showed 23 per cent of those in Singapore citing a "high propensity" for property investment, compared with 7 per cent in North America. The island's home ...

Full article: http://www.thenational.ae/business/property/singapore-the...

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