Tag Archives: Wealth

CHINA’S RICH STILL PREFER TO LIVE IN SINGAPORE

A growing number of the world’s super-rich are choosing to live in more than one country, with many of them parking their substantial wealth in overseas real estate, according to new findings from the Barclays Wealth Insights report, which looked at where the wealthy prefer to live, work, invest and retire. At the top of the tree when people look for second homes or citizenship, it tends to be the US, Canada, New Zealand, Australia, the UK, and then Singapore and Hong Kong,” said Liam Bailey, Head of Residential Research, Knight Frank. Specifically, Singapore has emerged as one of the top destinations for Chinese HNWIs, due to the ease of doing business in the city-state.

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PRC CHEAT YANG YIN SOLD OFF OLD WIDOW’S JEWELLERY & FLAUNTED WEALTH ONLINE

Photographs showcasing the lifestyle of former tour guide Yang Yin and his family have surfaced online, amid his legal battle for the control of the assets of a wealthy 87-year-old widow. The Chinese national and his wife Madam Weng Yandan uploaded photos of their holidays in Hong Kong and Japan, as well as a dinner at Jumbo Seafood restaurant on Dempsey Hill and a visit to Universal Studios, Lianhe Wanbao reported on Saturday. The 40-year-old also talked about his wealth online. “Let my cash vault grow towards $50 million! Come on, money, I love you!” he wrote in his blog in September 2012.

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ARE YOU ONE OF THE 105,100 MILLIONAIRES IN SINGAPORE?

THE ranks of Singapore's ultra- wealthy shot up last year - along with their combined wealth - on the back of strong economic growth and increased savings. The number of high net worth individuals - those with investable assets of at least US$1 million (S$1.25 million), excluding homes - rose from 100,500 in 2012 to 105,100, according to a report released yesterday.

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