The rich and elite of China are looking beyond their shores. No longer can the investment in large scaled yet low end manufacturing satisfy them. Armed with massive capital, they are going abroad to expand their portfolio, to conduct business and even, to live. Singapore Prime Districts shows why our little red dot could be the perfect place for this new class of Greater China.
City development
Singapore is well known for its city development. Our government has put in careful thought and detailed planning in every project and infrastructure. As such, this island nation has long hailed as a model for many rising cities. Unlike Shanghai and Beijing where pollution constantly plagues citizens in the summer, Singapore boasts itself to be one of the cleanest cities in the world. Furthermore, our streets are lined with lush greenery to create a garden city pleasant to the eye. Infrastructure-wise, Singapore has a mature and convenient public service system; be it transport or medical service; we provide the best at an affordable price. The emphasis on cleanliness, greenery and convenience has made Singapore out to be an ideal city for working and living.
Sino-Singapore relationship
Ever since China opened up its gates to the world, the two countries have always shared a close and unique relationship. As compared to radical nations that support the independence of Taiwan, Singapore has always maintained the position that Taiwan belongs to China and has never criticized China for its domestic policies. This stand ensures peace on the political front and protects Chinese investors in Singapore. Both nations also share common interests in trade; the commercial ties they have fostered on an official level would also help wealthy Chinese set up in Singapore. Trade agreements signed between the two further provide opportunities for exchange of technical skills and expansion of market which would benefit major Chinese corporations.
Business culture
The keyword in Chinese business is guan xi, or connections. Business is hardly as usual because human relations are complicated and the lack of connections to relevant departments could make life very difficult for a businessman. Singapore however is a different picture. We are practical and efficient people who focus on reaching a win-win scenario through the fastest and most cost-saving method. Social and entertainment costs are kept low yet quality of work is constantly supervised in a competitive environment. The government’s tough stance against corruption also means businesses do not give bribes or gifts which promote inefficiency. In Singapore, business as usual means just that.
Design and value of property
The private property in Singapore is another attraction to wealthy Chinese investors. While it is true that property in the Mainland is appreciating in value, their location and design may not be as sophisticated as Singapore’s developments. Our condominiums flaunt modern and eclectic designs that provide luxurious living in serene areas. Furthermore, the limited land space in Singapore ensures that private property is always valuable and precious. Unlike the Chinese government who practices property control in a hawkish manner, Singapore also has more respect for private property and will compensate reasonably when buying back land from citizens. As such, property investments in a stable market like Singapore yield higher security and value.
As the super-rich of China go off shores, they should consider Singapore as their next stop. Well-developed, efficient and business-friendly, we offer a sophisticated international platform for investors. Not to mention we speak decent Mandarin.
