Ultra rich families are driving the luxury residential market. Singapore has maintained its reputation as a leading hub for capital in Asia Pacific thanks to its safe-haven status, political stability and innovation prowess, according to Knight Frank.
In the country edition of its Rise of the Super Wealth Hub report, the property agency said the city-state’s wealth management and financial hub offerings are anchored in “political stability, low corruption rates and transparent public institutions.” “The country’s pro-business government also makes it a favoured base for businesses and investors seeking to capture the huge growth potential in Asia,” it added. Another major appeal is the city-state’s high ranking in innovation, competitiveness and ease of doing business despite its lacking natural sources and a relatively small land area. Tech firms, manufacturers, financial institutions and multinational companies are also drawn to its highly educated and English-speaking workforc