Singapore scores with millionaires | Bangkok Post: business

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Singapore scores with millionaires

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  • Online news: News
  • Writer: Bloomberg News
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Singapore has topped Hong Kong as the most desired place in Asia Pacific for "mobile millionaires" to reside, with quality of life the main attraction, according to a survey by RBC Wealth Management. 

Almost one third of the US dollar millionaires in Asia who live, work or spend more than half their time outside their counties of origin prefer Singapore, while 24% chose Hong Kong, the second most popular in the region, RBC and The Economist Intelligence Unit said in a joint research report.

Real estate led the list of preferred assets for internationally mobile wealthy according to the survey, which showed 23% of those in Singapore reporting a "high propensity" for property investment, compared with 7% in North America.

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