Half a million foreigners moved to Singapore between 2003 and 2008, many of them wealthy. Boston Consulting Group found in a recent study that 10% of Singapore’s residents have investible assets of $1 million or more, the densest concentration of millionaires in the world, and more than twice the ratio in the U.S.
Everything is changing in Singapore - Watch your money!
Singapore’s Boomtown Dream Gets Hazy
Todays, 27th March 2009 Singapore Expat News come from “Wall Street Journal“.
Singapore had five strong years of rising economy numbers and even more rising property prices. Expatriates flooded the country, and the country with money. Big projects were started by private investors as well as the own government which momentary came to a stand still when the financial crisis hit.
Read the article about failed projects, property number forecasts and how Singapore’s plans to become South-East Asia’s Dubai.
• Article: Singapore’s Boomtown Dream Gets Hazy (Read It Here)
• Archive: Singapore Expat News (Read All Our News Articles Here)
Comments: What Do You Think About The Current Property Prices?
Do you own land or property in Singapore and now you are looking with fear at the daily decreasing value of your condo or apartment? What are your plans and how do you feel about the current property situation in Singapore?
Please write down your thoughts in the comments below!
by an Asia experienced 26 year young expat living and surviving in Singapore since years!
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