Rich Foreigners moving to Singapore

http://www.todayonline.com/Hotnews/EDC12...definitely

It is the unlevelled playfield that superrich is taking advantage of Singapore's openess that is creating asset inflation that renders hardwork seemingly meaningless for majority of Singaporeans.

This guy is a high profile "public" figure but there are plenty of others that are under the radar.

(13-05-2012, 10:28 AM)greengiraffe Wrote: http://www.todayonline.com/Hotnews/EDC12...definitely

It is the unlevelled playfield that superrich is taking advantage of Singapore's openess that is creating asset inflation that renders hardwork seemingly meaningless for majority of Singaporeans.

This guy is a high profile "public" figure but there are plenty of others that are under the radar.

Yeah I read quite a bit about him. He is a rich kid since young and lives a flamboyant, party lifestyle most would only dream about.

I guess the -ve side as you mentioned is Singapore importing all of these super-rich to live here and boost up our asset prices and to (openly) flaunt their wealth by revving up their super-cars.

By looking at the positive side, assuming they bring their money here to invest in local businesses or to create jobs, then that is a positive thing. Also, their seemingly "wasteful" lifestyle of spending and extravagance would also translate into better business for our F&B outlets here and luxury shops, which in turn benefits the overall business climate here in Singapore.

So it's a case of good and bad, depending on which aspect you wish to focus on.

he may take Singapore citizenship, does not mean that he is going to live in Singapore; does not mean his money will stay in Singapore as well, after all there is only limited investment opportunity/asset within Singapore.

He can always renounce the citizenship like many new citizens do. The richs treat spore citizenship like tissue paper.

Ya lol! When you are super rich you can even hire "the devil to do the work for you".

From my perspective, it seems that the government is putting in a lot of effort to bring the rich in, which is a good thing for creating jobs and all the good stuff.

What pisses me off is that the government does not seem to be doing much to keep the ordinary citizens in Singapore.

I am one of the few Singaporeans who got a chance to live in different countries for a period of time, and the thought of me going back to live in Singapore irks me.

I find that Singapore is one of the few countries that does not value its ordinary people very much, e.g. When I was studying in the states, I found very few scholarship programs for foreigners to apply, and plenty for their own citizens to apply. Whereas, the reverse is applied when I look at the scholarship programs in Singapore.

Hence, when I learn about what the government is doing to attract the rich to move to Singapore, I feel angry and frustrated. At the end of the day, it is important to attract the rich to invest in Singapore but it is equally important not to neglect the ordinary citizen, who will eventually multiply the rich's investment. Such news only makes me want to migrate out of Singapore.

Two men looked out from their cell window.

One sees stars; the other sees mud.


I've been to Sweden many times for work and pleasure. I find the Swedes are a group of wonderful and interesting people.

1) It's free for foreigners to study in their universities; just like the local Swedes? For eg, at the famous Lund university, there are Singaporeans and other nationalities studying there free of charge. You just have to pay for your own living expenses and lodging.

I heard there was a debate last year to start charging the foreign students. Guess what? Most of the local Swede students and the man in the street were opposed to it. They welcome the diversity these foreign students bring to their universities. It helps the young Swedes understand the cultural intricacies when they venture abroad for their work.

Swedes are very outward looking. Most would like to work in a Swedish MNC that has an international presence so they can explore the world.


2) When you walk along the street, you will find many Asians and African kids with their white Swedish adopted parents. This is quite different from Asian cultures where we would like to "adopt" our own kind. I asked and the answer my Swedish friend gave was that all things being equal, they would like to give less fortunate people in the world a chance of a better life. Aw...

Hmm... I wonder whether the Swedish born and bred orphans will grow up bitter that "foreigners" were adopted over him/her?

(14-05-2012, 08:59 PM)Jared Seah Wrote: Two men looked out from their cell window.

One sees stars; the other sees mud.


I've been to Sweden many times for work and pleasure. I find the Swedes are a group of wonderful and interesting people.

1) It's free for foreigners to study in their universities; just like the local Swedes? For eg, at the famous Lund university, there are Singaporeans and other nationalities studying there free of charge. You just have to pay for your own living expenses and lodging.

I heard there was a debate last year to start charging the foreign students. Guess what? Most of the local Swede students and the man in the street were opposed to it. They welcome the diversity these foreign students bring to their universities. It helps the young Swedes understand the cultural intricacies when they venture abroad for their work.

Swedes are very outward looking. Most would like to work in a Swedish MNC that has an international presence so they can explore the world.


2) When you walk along the street, you will find many Asians and African kids with their white Swedish adopted parents. This is quite different from Asian cultures where we would like to "adopt" our own kind. I asked and the answer my Swedish friend gave was that all things being equal, they would like to give less fortunate people in the world a chance of a better life. Aw...

Hmm... I wonder whether the Swedish born and bred orphans will grow up bitter that "foreigners" were adopted over him/her?

Singapore is a small place with a high population density. The high density means that citizens are likely to feel that the living space is being encroached by more and more foreigners.

I think most are just fed up with the much more hectic life than before.
Look at this forum and other forums, many are dying to get out of their daily work life.
Not to say that the same does not happen to other countries.

sweden population is a small 8million occupying quite a much bigger land mass compared to us..they have the capacity to adopt less fortunate foreigners..bearing in mind it is a very advanced country.

it is the opposite case here, where the govt, with its favorable tax regime, seems only interested in 'rich' & 'talented' foreigner to push up asset prices...

whinning post - deleted!

else have been ask to go other forums! :O