Bankers have always been a worldly crew, and since Facebook co-founder Eduardo Saverin renounced his U.S. citizenship and moved to Singapore, we’ve thought that island deserved our attention.So we started digging and we found out that bankers are heading there in droves. In a recent Telegraph survey Singapore dominated a list of places that bankers said they wanted to work, with 27% of the vote it even beat out NYC.
Boston Consulting Group recently named Singapore the country with the world’s densest population of millionaires — 17 per cent of all households, to be exact.
It’s no surprise then that Singapore has become a veritable playground for the richest of the rich.
If you’ve got the dough (and we mean serious dough) then there’s plenty of room for you to play (and work) too.
Singapore is the best country in the world for doing business, according to a report released earlier this year by the World Bank. Here's why:
- It takes, on average, three days to open a business.
- Trade is open and competitive: there are no tariffs on imports and foreign and domestic business are regulated equally.
- Unemployment is only 2.1%
Take Silicon Valley-transplant, and Bubble Motion CEO, Tom Clayton, who moved his start-up to Singapore after 2008's economic downturn.
He told Business Insider that working in Singapore gave him great access to the nearby mobile markets of Indonesia, India and Asia (three of Asia's biggest).
'We can take day trips or red-eyes to all of our core markets,' said Clayton.
Goldman Sachs, Morgan Stanley, Citigroup, Deutsche and JP Morgan (to name a few) have already set up shop in the tiny nation-state.
Goldman even reportedly fired American workers last year so the firm could add 1,000 workers to its Singapore office.
While Singapore's real estate market may be the most expensive in Asia, it's also one of the fastest-growing markets in the world with 5-year growth figures just over 50%.
If you can afford it, you're likely to make some decent money.
According to Propwise, a Singapore real estate guide, here are your rental options:
Landed property (terrace houses, attached houses, bungalows) will run you between $7,800 and $23,430 USD per month.
High-rise buildings (room rentals, apartments, condos and penthouses) can be more affordable, starting as low as 800 USD (for single rooms) and going as high as 25,000 USD per month, for the more upscale condos.
Louis Vuitton's new concept store 'Island Maison,' replete with a bookstore, art gallery and, of course, a Louis Vuitton store.
The event, which began officially in 2010, is nothing short of a 10-day extravaganza.
Known colloquially as 'Grand Prix Season,' the week leading up to the race is full of parties, concerts, and race themed shopping and dining.
By the end of this year, Singapore is expected to generate more gambling revenue ($6.4 billion) than the mother of all casino towns, Las Vegas ($6.2 billion)
There are two main hotspots: Marina Bay Sands (which is the most expensive standalone casino in the world, valued at $8 billion) and Resorts World Sentosa.
One of Singapore's hottest Western imports, Pangaea (which brings in, on average, $121,000/night), has couches lined with gold python skin.
Then there's St. James Power Station, housed in Singapore's first coal-fired power plant, which boasts 11 distinct clubs and entertainment venues.
Source: Wall Street Journal
What to do with your weekends? Forget the Hamptons, look what's a 45-minute ferry ride from downtown
Behold, the island paradise of Bintan, Indonesia.
Five star resorts, white sand beaches and world-class dining all at your fingertips.
Chek Jawa, a cape on Singapore's northeastern coast known for its rich biodiversity (it has six separate ecosystems), was publicly uncovered in 2000 and has since been a favourite destination for Singaporeans.
That's six ecosystems just minutes from the hustle and bustle of downtown.
Even though Singapore's flashy living may remind you of something out of a crime novel, it's actually really safe.
The crime rate--one of the lowest in the world--is only 660 for every 100,000 residents.