[theold]

"Many just want to move on quick, and in Hong Kong you can just have [family offices] set up in a couple of weeks," the person noted. "That's the main reason why they either shift to Hong Kong, or they just bypass Singapore and directly go to Hong Kong."

Singapore authorities have been demanding more information from family offices and hedge funds following the city-state’s recent historic S$3 billion (US$2.2 billion) laundering case involving a group of Chinese criminals, according to The Straits Times.

Thus, some of them now have doubts about whether they should put their money in Singapore, she noted.

https://e.vnexpress.net/news/business/ec...60666.html

[EvertonDiehard]

"Many just want to move on quick, and in Hong Kong you can just have [family offices] set up in a couple of weeks," the person noted. "That's the main reason why they either shift to Hong Kong, or they just bypass Singapore and directly go to Hong Kong."Singapore authorities have been demanding more information from family offices and hedge funds following the city-state’s recent historic S$3 billion (US$2.2 billion) laundering case involving a group of Chinese criminals, according to The Straits Times.Thus, some of them now have doubts about whether they should put their money in Singapore, she noted.

Both HK and SG are among the most expensive cities in the world due to overcrowding and they still want to invite foreigners in to open family offices, take up citizenship and buy up land?

[WhatDoYouThink!]

But if no rich ppl wants to come here it's aso a problem.

[EvertonDiehard]

S'pore today and the divide is just getting wider

[lylcnn]

Here are the Gini coefficients for some developed countries, including Singapore:
- Belgium: 0.38
- Denmark: 0.33
- Finland: 0.33
- France: 0.33
- Germany: 0.33
- Ireland: 0.33
- Italy: 0.33
- Netherlands: 0.33
- Sweden: 0.33
- United Kingdom: 0.33
- United States: 0.482
- Canada: 0.303-0.284
- Mexico: 0.49
- Singapore: 0.356 (after taxes and transfers) ¹
- Singapore: 0.417 (before taxes and transfers) ²
- Slovakia: 0.24
- Slovenia: 0.232
- Czechia: 0.232
Note that the Gini coefficient measures income inequality from zero to one, with zero being most equal. The coefficient can be calculated before and after taxes and transfers, and different countries may have different definitions for household income.

[Oyk]

Both HK and SG are among the most expensive cities in the world due to overcrowding and they still want to invite foreigners in to open family offices, take up citizenship and buy up land?

Do you know why they are overcrowded?

Why is Batam not over crowded whereas a short ferry ride away, Singapore is?

[Oyk]

Here are the Gini coefficients for some developed countries, including Singapore:
- Belgium: 0.38
- Denmark: 0.33
- Finland: 0.33
- France: 0.33
- Germany: 0.33
- Ireland: 0.33
- Italy: 0.33
- Netherlands: 0.33
- Sweden: 0.33
- United Kingdom: 0.33
- United States: 0.482
- Canada: 0.303-0.284
- Mexico: 0.49
- Singapore: 0.356 (after taxes and transfers) ¹
- Singapore: 0.417 (before taxes and transfers) ²
- Slovakia: 0.24
- Slovenia: 0.232
- Czechia: 0.232
Note that the Gini coefficient measures income inequality from zero to one, with zero being most equal. The coefficient can be calculated before and after taxes and transfers, and different countries may have different definitions for household income.

It's very important to not look at statistics at face value to draw conclusions.  Let me give you two scenarios 

(1) The highest group earns a median salary of $1500. The lowest group earns a median salary of $1200.  Gini coefficient is small right but it's a bunch of poor peepur. China under Mao was like that where everyone was equal, and equally poor. 

(2) The highest group is a snob class of billionaires while the lowest group earns a median salary of $2000. It's a fat pyramid where most of the peepur earn a median salary of $4500. The Gini coefficient is big but in fact the average purrson is living quite well, and even the poor are better off than the average purrson in a 3rd world country. That's Singapore nao.

[WhatDoYouThink!]

不患寡而患不均，不患贫而患不安