Chung Ting Fai, a lawyer who helps set up family offices, said in late 2022, he had one enquiry a week from people who want to move at least $20 million into Singapore. That's up from about an enquiry a month in 2021, while in January this year, he received two enquiries a week.
Many are parents looking to obtain permanent residency for their children, he said.
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Many are parents looking to obtain permanent residency for their children, he said.
Disillusioned at home, super-rich Chinese set their sights on Singapore
Singapore has long been a haven for ultra-rich foreigners. But it has seen a fresh influx of wealth since 2021 after it became one of the first Asian cities to significantly ease pandemic restrictions.
