India has been battling a deadly outbreak of coronavirus. And while some of us have no options but to stay home arrested, super-rich Indians are jet-setting to overseas destinations like UK, UAE, and the Maldives. And now, Singapore is the new place on the blog. Wealthy Indians are now choosing Singapore as the world’s safest haven. Billionaires always favored Singapore from around the globe, but as the coronavirus pandemic hammered Southeast Asia, the city has become a safe harbor for the wealthiest tycoons and their families.
Singapore Has Been A Draw For Billionaires
Singapore is the place of choice now for the rich who choose to decide where they want to live and settle down. Many people from other countries have been seeking resident visas. Many have also become residents in the past few months. Singapore has long been a draw for wealthy Chinese, Indonesians, and Malaysians who hit the shopping plazas or play baccarat at casinos during their short trips.
From 8 to 30 May, Singapore is tightening safe management measures in the fight against COVID-19. Border measures will also be tightened from 7 May, 2359 hours. More on the additional measures: https://t.co/F7bCQ9S46i pic.twitter.com/DCX7wM0H1g
— STB (@stb_sg) May 4, 2021
Real-Estates Prices In Singapore Have Been On The Rise
However, the pandemic has prompted many tycoons to stay in Singapore for months and even seek residency. Besides, the mortality rates in other countries are higher than in Singapore. The demand for private offices, private golf club memberships had been soaring. Real-estates prices have been on the rise, and Michelin-star restaurants were packed.
Travellers can now apply to enter SG under the [email protected] scheme, with the launch of the first appointed facility [email protected] at Singapore EXPO. It allows travellers to conduct meetings with local visitors & other groups of travellers safely. https://t.co/8w0Smsnqxa pic.twitter.com/uK5qQCEfe0
— STB (@stb_sg) February 18, 2021
However, the stricter border measures have caused many rich Indians to migrate to Singapore. While cases in Singapore have jumped to a few dozen a day, it is still a far cry from several hundred infections in India. Did you know Singapore has already vaccinated 30% of its population?