Spoke to a person recently who has some knowledge of Singapore; more than I do, certainly, and he said basically the same things Andrew has here. Singapore is small, they're not hurting for people or wealth and they know they're a hot commodity for people wishing to relocate so they want and need to set the bar very high and rules such as these are how they go about it.
@@fizywig Who knows? It might someday if it finds itself inundated with expats but Malaysia is so much bigger and has so much more room to grow and develop that I think it's highly unlikely; at least in the near future.
And the worst part is… people are still rushing to get-in despite all the barriers to entry. Singapore had to double the taxation from 30 to 60% to bar foreigners from bidding up the local real estate prices too high. They are experiencing huge inflows from China, Taiwan and HK in particular
Fact of matter - Singapore is only approx 730 km2, smaller than cities like Hong Kong, London, New York...yet Singapore does not have hinterland or outskirts like these others. It is a city State. So bottom line is Singapore cannot afford to be home to everyone, which is why it can afford to chose the more "ideal candidates".
@@infiniteandunlimitedabundance You might need to re-read his comment. He said that other countries might sound better but their government is sketchy.
@@danielc2701 whatever it's. Singapore is the best and cleanest place I've known by far. However nothing is perfect so as Singapore. Many people don't understand Singapore is not a place for poor people to build their dreams. The country is too small for people like that. It's the best and safest place for super rich to keep their money after the world lost their trust on Switzerland.
Singapore is a country where you put your money, it is a safe place and you can make more money. If you do not want to lose your investment and continue to get good return then Singapore is a good place. You can place your investment in cheaper alternative of course, just be careful you do not lose your money because if something happened you are not going to get your funds back so easily as investing in Singapore.
Stamp duty for foreigners are designed to stop foreign real estate speculators. Doesnt affect foreigners who wish to settle down permanently in Spore by becoming permanent residents.
If you're unattached, no kids and just generally mobile, your comparisons hold. Singapore is unique in greater East Asia as it provides solid institutions, security and most importantly, safety for your family and wealth. it is a regional hub for the wealthy or high earners as it caters very well to Chinese, Indonesian and Indian communities. For many, safety, security and education options are non-negotiable and for that there is no comparison in the region. If I were single, I'd be in KL. With my young family, I'd rather be no place else.
nope! all wrong. have you not seen the news? sadly, dead babies found in parks in Singapore, school kids stabbings have occured, a lot of teacher-student molestation and sexual assault cases surfacing, more recently the rich lie about helpers stealing and get minimum jail time. construction "migrant" workers treated poorly and helper abuse coming to light more and more. and have you seen the weekend schools with kids sent there half falling asleep at their desk. the school education system in Singapore is worrying for children's mental health. plus, many teachers aren't very good in the private schools that cost a fortune now. they're coming from the UK after all!
@@propertyguru22 fair question. I find KL to be more vibrant. If your focus is on professional networking Singapore may have the edge. However I have found KL to be an easier place to find friends, there's always more 'cool" places to check out and basically the rougher edges of KL make it more interesting. Plus the various activity groups (hiking, cooking, whatever) seem to be more open to foreigners. Full disclosure, I'm a white male. Your experience may vary. Lastly, consumption is cheaper. Taxes are higher, but you can find a way around that.
Honestly, I can't think of anywhere else I'd rather live. I was there for 6 years and had permanent residency. I would do anything to move back and stay permanently. Citizenship is my goal. Malaysia was always kind of meh for me in comparison. Hong Kong won't be an option for me either with the political stuff.
As a Singapore citizen, I always tell people it can be the top country to live in if you can fix the boredom of living in a tiny city by having your own social circle and travelling around occasionally.
@@RetireandGo Singapore is only good and affordable for Singaporeans and the super wealthy foreigners. If you are living on a shoestring budget, please don’t come.
Singapore RULES!!!! Can’t say I blame them for jacking up the price. Why did they jack up the price and make it more difficult for folks to obtain citizenship? Because they can. Hats off to Singapore😎🖖🏼
I agree. I love living in Singapore. Meanwhile, my own country in Europe has thrown open the gates for uncontrolled mass immigration into the welfare system and squeezes the middle-class ever more to pay for all that nonsense...
Insider knowledge: Singapore is transitioning from a financial hub to a regional/circumstantial global banking hub. They are modifying their strategies to take full advantage of the current situation.
The priced out a lot of people with that including myself it's like spending half is fine. 25 mill is ridiculous 2 million fine...50 million is a lockout. Very very very small number. It's become the Dubai of Asia it's crazy
I've been in Singapore for 5 months and incredibly bored. There is literally nothing to do here except mall after mall after mall, their shows are boring and gimmicky and too many xenophobic Boomers
Singapore development is just like a parabolic rally of a stock market. The leader who manage Singapore as an asset under management as bank could lead to disastrous consequences when the bubble busted
Sounds about right, Singapore is supposed to be an expensive country like any other first world cities, you don't expect things to be cheap at New York and London, likewise it's the same in Singapore.
Spot on. I lived in Singapore for 12yrs, got my permanent residency and my own flat. A decade ago, the government started making non citizen's lives harder. Basically saying you have to be super rich to stay there. Sold everything, got the hell out of there. Most of my foreign friends moved out already.
Just got back from Singapore on a stopover returning back to NZ and thoroughly enjoyed my short time there. People say Singapore is expensive, but I found prices were roughly comparable to Australia & New Zealand, but the quality of products & services was generally much higher. & some services such as taxis are much cheaper. I'll definitely be back.
Recently a reporter asked Singapore PM about foreigners immigrating to Singapore, he said Singapore immigration has received a “billion” applications from foreigners...😂 though he may be using a hyperbole to describe the amount of applications, but I don’t think it’s too far fetched to say that....
because Singapore is a rich country surrounded by poor countries like Malaysia, Indonesia, Thailand, that's why when there's such levels of wealth disparity it attracts everyone from surrounding countries wanting to get rid of their interior passports to get the Singapore passport which is the strongest in the world.
Born in Singapore. Third generation here.. impossible to move up the social ladder even with a masters degree from top university. Entry level japan car cost usd 120,000 to own
And all the well paid high positions have already been reserved for the foreigners. PAP is bringing real Singaporeans back to the colonial age except they and their cronies have become the new exploit the people masters
The hidden aspect of meritocracy. Just like unchecked unregulated free market capitalism, it eventually becomes a previleged club. And that club isnt an education or a top ranking professional in a choosen field but generational wealth.
Masters degree in what?? In some fake social science or humanities field? You deserve to be poor. Cars permits are highly regulated in Singapore due to lack of space. There's great public transit anyway. Go cry somewhere else.
It has become Monaco on the Equator. As a long term resident of the city state, the rents have become an enormous 'tax' on income and make the tax advantages of being an expat far less attractive. Imagine paying US$75-120K per year on RENT for an average apartment or condo depending on location.
I stayed at a 2 room for around 3k SGD per month after a near 50% increase in rent across the country. For your range, you must be staying in a very large condo in a central location.
@@animaze8043 what area are you staying in? I've been hit with a 50% increase which takes my very humble 2 bedder (older building, nothing special) to about S$5K. Around me the prices have skyrocketed. And the real estate is nothing special.
Hi Henderson, thank you for making this clip. Explicitly highlights the kind of migrant/investors Singapore wants to exclude. As you said, Singapore is unfortunately small city state, ‘vacancies’ for migrants limited. Call us a niche that offers some conditions not many places can boast of eg safety, diversity, efficiency, etc…. only those who can qualify can make it! Others please look elsewhere. 😅
I travel a lot to Singapore for business and what i heard companies concern about the high cost of housing for its employees and plans to reduce their workforce for this reason. Do you have any comment on this issue?
Companies that are paying for the rent of their expats will have to expect high expenditure as Singapore's property rental is amongst the most expensive in the world second only to Hong Kong and New York.
Rents are strong post-Covid. There has been an influx of foreigners placing pressure on supply. In addition, construction of new build was stopped during Covid, meaning Singaporeans and Permanent Residents are now having to wait longer for their homes and thus entered the rental market. More pressure on supply. During Covid, rents where suppressed and now rents have jumped up significantly. This is not sustainable and they will ease off these current highs. Companies reducing their workforce are short sighted and reacting in a knee jerk fashion.
Y'all reading this please don't come to Malaysia just leave us alone our people need the jobs, the lands, the businesses, the roads etc etc. Please stay in Singapore we don't care what other people think we just move at our own pace.
Singapore is always the hot first choice for those with money. Many fortune 500 non labor intensive MNCs moved from Singapore to Malaysia or other ASEAN countries to save on lease and operations costs but within 24 months all quickly returned to Singapore for sheer speed and efficency. Doing business in Singapore is like riding a jet vs taking a bus elsewhere. Security of ROI is almost always guaranteed if all the right business mix is in place. Speaking from experience. However, recent years has seen many cheap dubious labor deemed " foreign talent", especially from south asia flooding the city. Not a good development if the powers that be continues to play pimp to these set workers. Then not only off limits but check mate. 😳
If other south East Asian play it well, they could profit from Singapore putting the bar higher for permanent esidency. Malasia, Thailand but also Vietnam, Camboya, Laos, even Myanmar when they short out the mess there.
No free lunch here. Come to Singapore with a good skill sets. Money is not omnipotent but able to contribute the public good to our citizens do count. There are some rich people who are doing a lot self indulgence lifestyle ( ride high speed racing, excessive clubbing ,etc.,) and boastful to exhibit their wealth which we do not need here . Important, you bringing in good values & human decency into our public spaces.
Local Singaporeans have been consistently complaining that they are being priced out in their own country by foreigners. In the last decade or so, the Singapore government share of votes have been consistently falling, whilst that of the opposition has been going up. Unfortunately, xenophobia is a growing trend in Singapore, a strong backlash against "foreign talent". That has probably tempered the government's attitude to foreign investment and foreigners. But than, that's a global trend. UK and the US are probably prime examples of this.
Singapore is a awesome place to live. It just attracts a different crowd than other SEA nations around, just like you mentioned in your video...creme of the crop.
Singapore is a very and truly efficient place. Wealth is leaving Switzerland for Singapore and how to blame them! Singapore is professional, truly efficient. The opposite of what has become Switzerland today : full of of incompentence at any level.
It's a good place if you're working here with a decent salary and one of the best things is you'll realise the money you earn allows you luxuries like leisurely travel to various countries without feeling a massive hole in your pocket. When you're a normal middle class Singaporean working adult like me (not married yet), you'll see friends traveling to places like Bangkok or Bali multiple times a year without breaking the bank. Going to a place like Japan or South Korea once a year wouldn't hurt so much either, and this is me a local on a local Singaporean salary. If expenses are a priority then it's not the best place. If you can earn the same (expat level) amount wherever you go then a lower cost place like KL or even Vietnam would be great, you can really stretch your dollar. But do appreciate that if you have that privilege of mobility, locals in that particular 'lower cost' country don't earn nearly as much as you so with their local salary they have struggles an expat wouldn't have. For eg if you're working in Thailand on an expat-level salary then good for you, everything is really 'cheap' and develop this idea that Thailand is the best place in the world, but in truth it applies to you because your income puts you in a higher income tier. But to the local Thai, their own country isn't considered 'cheap' to them, and travelling to other countries for a local Thai on a local salary does require a longer duration to save up, even longer if it's a 'higher cost' country like Japan or South Korea. In Singapore we are more fortunate in that sense. Here we have quite a number of Malaysians (from JB) working here and commuting back to JB regularly and for them they really get the best of both words, although the constant to and fro through immigration is a massive pain. So, try things out and if you do get a posting to Singapore, enjoy it. Many expats when they come here they tend to stay, especially for Japanese or Korean ones as Singapore's working culture is nowhere near as toxic as how they get it back home.
@@Fakeslimshady Japan is generally xenophobic to foreigners and you will have a hard time living there unless you can speak Japanese. The western world is generally in decline. May seem like a romantic idea to move to some place with four seasons and snowy mountains, but the reality could be quite different. Eg shoveling snow from your driveway or having to de-ice your car isn’t fun. Moving there, you may find that you jumped from the frying pan into the fire, or that the greener grass is actually plastic 😂
@@Fakeslimshady Japan...language barrier, besides foreigners can never be truly accepted within their society. A foreigner is forever a foreigner in Japan. Even if you get their citizenship, there’s an indication in your identity card that you’re a foreigner. Canada...too cold. You have to spend at least 4 months of winter indoor, and everything looks white outside😂. Very inconvenient. It’s nice if you’re there only for holidays , it can get boring if you’re there years in years out....in Singapore, you can just walk out to buy foods, go to your nearest marketplace, sit down and order a bowl of noodles and coffee... hop on a bus and you can go anywhere, life is so much easier here. Norway, Switzerland...language barrier again....and these places never welcome foreigners...somehow they will make you feel “ foreign” 😂
Always ask, "Which policy decisions will produce the greatest power and wealth for the decision makers and their cronies?" *The goal of all governments and all banking systems is to privatize profits and socialize losses. Always has been, always will be.* *"No matter how paranoid or conspiracy-minded you are, what the government is actually doing is worse than you imagine." -- William Blum*
I moved to Georgia because of your advice which was correct, but Georgia is Now OFF LIMITS please advise the people about the change in the price in Georgia Thank you Georgia is Now OFF LIMITS
exactly 100% example if you used to pay $500 for rent now you have to pay $1,000 - also the Dollar value come down but the price remain the same for food and other things
Nationals from 5 countries that do not need to pay ABSD in buying property in Singapore, and one of the countries is USA who is the Second Biggest Foreign Buyer after China.
They still pay ABSD, it's just at the same level as citizens (17%), which is considerably lower, but still not cheap. (edit) 2nd property, which is really what's it's for (edit) and wow, that's correct, first property for them is treated as 0% like citizens, that's news to me
The Singapore TFR is 1.1 so at some point in the medium future they'll have to be less selective or become the next Eastern Europe or Italy with a shrinking, aging population.
❤Why would PR foreigners mind National Service if Altruistic?😅 Its a great Honor to serve the country as a soldier. Is there no true love for singapore?
We have had lots of Caucasian PRs, but how many Caucasian boys have you seen in NS? Mostly here for the benefits, but not the burdens (ie defending our nation).
Many Singaporeans have properties in Batam and Bintan, Indonesia, a neighbourhood country. I know some of them, they decide to retire in Batam, since it has lower cost of living. If they get bored in Batam, they just come to SG by 40 minutes boat with quite cheap rate, and fly to other countries. This type of living is also common in Malaysia, since Malaysia lays just nearby SG.
@@EnDianNeo do not know this Malaysia regulations. As I know, in Indonesia, foreigner is not allowed to own property unless it is puchased under company name. Some people I know have got married to Indonesians and purchased properties under their spouse.
Read of some Singaporeans whose jobs let them work from home & they buy/rent a house in Malaysia to stay & work from (as its cheaper) but not sure if a Malaysian work visa is required
Singapore per population GDP makes up high percentage earned via service revenue compared to manufacturing sector. No hedge strategy but good for the wealthy person looking for safe heaven and safeplace to live and retire. For ordinary folks, it will be a challenging tasks.
Hypothetically speaking: What would happen if you “invested” the 2 years pay needed until permanent residency plus a bonus to a local company through a third entity to hire you for some BS position where you do like 2 or 3 hours of “work” per month just for show. Surely, that’s gotta be the cheaper and easier option at this point!
Personal Opinion: $10million dollars investment to start a business is not a lot. I’m a local here and my parents run a small construction business. Money is ALWAYS revolving and projects are constantly coming. If you run a business $10mil is literally a small sum. Small medium enterprises here turn over is almost a million. Singapore wants to attract quality investments to be able to afford the cost and salaries here.
The rulers of Singapore are interested in who they admit as citizens and if you guessed, it is a predominantly loyal and wealthy Chinese and Indian constituency they are cultivating. They ask applicants about everything and if they assess a person has the right criteria to succeed as a citizen, will be approved.
Before Covid, everywhere is nice to stay. After Covid, I’m staying in Singapore and of course I will still visit other countries as a tourist, just that when shit hits the fan… I’m coming back!!!
Switzerland (great country and I don't mind paying my fair share in taxes) plus Grenada (as it provides easy access to China and some other economically important countries which you can't visit visa-free with a Swiss passport) and you're good to go! Agree that EU countries are essentially a scam: Declining rip-offs.
@@sidesauce they gave up on banking secrecy and provided loans for the war in Ukraine. They are under the coercion spell now, hopefully they will get out.
@@GreenMachine0990 We are nearing a point where small states like Switzerland who are dependent on capital inflows, i.e. foreign assets to manage (they cannot life of watches, chocolate and cheese -> yeah also got pharma companies and co but it's not their main income source) are facing an alliance of declining Western countries and another alliance of culturally different but growing Eastern countries. So they're forced to pick sides in this "new cold war". I guess it'll be increasingly hard for smaller countries not to pick sides.
Singapore is also a country that have the most potential to become a real cyberpunk city in the future. Her rules are known to be strict and that won't change as they need it to be the backbone to create an environment to draw in the business. But the strict rules also end up snuffing off all life and fun out of the city making the place sterile and boring in the process. Her small land mass size also doesn't help as well. People will end up feeling bore after being there for a while. The poor and common will live and toil in the lower segments of the metropolis which will serve as the underbelly of the city while the rich will live way higher up in the skyscrapers having wanton fun with the money and resources they have in their hands. That is the only way it can balance letting human nature and the need to have a policing nature for the sake of economy to work together. The city will come to have two faces in the days to come.
like i said these analogies are evident in every capitalist state/country. Where the poor gets poorer and the rich richer. its not unique to singapore. The only issue with sg is land constraints which can be solved with cheap frequent trips overseas that costs peanuts as low as 100sgd to KL. Thats why singaporeans are the biggest travellers.
In other words it can also be say and view these Singaporeans are the product and final victims of this move. It sound so beautiful to be known as the world most frequent traveller but study up on why this is so and everyone will know what are the reasons they need to be so in the first place. They simply can't take a breather in the own country they live in which is ironic and cruel for them at the same time. Your people are unhappy and miserable there. And you can still go ahead and accept the move to push Singapore to go even more expensive to made things even worse there.
@@anglo-saxonconnor817 There’s no perfect country. Every place has its pros and cons. Rising inflation and growing income gap are global problems and not unique to SG. Just look at the soaring numbers of homeless living on the streets in western cities. Now that’s true misery and unhappiness. At least here, our government is more proactive in helping the homeless find shelter and jobs so they can eventually afford their own home. 80% of locals live in good quality highly subsidised HDB flats. 70% of locals don’t even pay income tax. If not for HDB flats, many of them might be homeless on the streets? So it’s a good thing we have created an environment that attracts talent and the wealthy, so we can provide better jobs for our people and can tax the super rich who are coming here in droves, to refill our state coffers drained by 3 years of Covid measures, and to provide for the 70%. No one is forced to stay here so anyone unhappy here is free to leave.
@@mxlonfn It takes at least 45mins to drive from KL Sentral (for example) to KLIA. Plus having to arrive 1.5-2hrs before departure for check-in, and clear immigration. Flight takes 45mins and although clearing immigration at Changi is relatively fast, when you add the total time, i'm not sure it is any faster to fly from KL vs crossing from JB.
They're going to charge as much as they can get away with because they're a small country with a limited amount of space that is getting more exposure and popularity
The ruling elites in Singapore have their own ways of seeing how Singapore should grow under their guidance without realising the danger they created for Singapore. They feel it is better to have a headstart over everyone else In south East Asia by rushing to put Singapore apart from the rest and become the most attractive place to draw in talents and high yield individuals to live in. They want to become the hub rather than the south East Asia region itself to be the hub itself. So while other countries still have room to grow Singapore would have already reach the finish line and put a ceiling on herself which she cannot grow further. And when that time come the rich and talents in it will just shift out into the larger south East Asia sphere leaving Singapore in a very short amount of time. In simple word what Singapore is doing now is simply call creating a flash in a pan. It shine extremely bright but also die out extremely quickly as well. Other surrounding countries might be slower but once they become ready what they create will be a more sustainable fire instead of a flash instead.
We were a fishing village not too long ago. We didn't reach where we are without long term vision and the required aptitude to back it up. You assume everyone else around us have the required discipline to replicate us. But you fail to see what make us different. We had nothing. Everyone around us expected us to fail and that's what we thrived on. Even if we become a flash in a pan, which I doubt we would, we would have still lost nothing from the beginning.
You were never a fishing village to begin with .Your state government inherited a fully functional city when Britain end her colonial rule in Singapore Whether it's to languish behind or to strive ahead both choices have always been painful to people living in Singapore. Try to seek a balance though. Let the region itself to be the hub. Don't let the city state to attempt to do it Once your city peaked all of you won't be able to sustain yourself under it's weight. And ask yourself are you a ruling elite in Singapore. They can face the collapse and the high living cost in the journey of change. The target group they intended to attract into Singapore also can and they have the choice to leave at anytime if they can't. The commoners in it can't though. So don't just blindly follow their plans.
@@anglo-saxonconnor817 all this means nothing when we know its the Fed that determines the fate of the world, the rise and fall of the stock markets. QE and QT cycles. The fed is in control which in fact controls the global climate which in turn makes rent higher. From what i know its still QT season and naturally SG rental prices are still all time high accounting for inflation.What Happens When Fed Raises Interest Rates? Rising interest rates in the U.S. will largely influence Singapore's domestic interest rates, as can be seen from the increase in recent months. As the Fed continues to increase the rate, Singapore's interest rate will continue to rise as well. Your analogies are merely analogies that mean nothing in reality. Name some surrounding countries that are gonna shine brightly. South east asia is not as united as you think they are. You have the unstable myanmar to worry about. The britain left us a failed city that has no army for leverage.Singapore's defence and economic security were in danger. read about it more.
Don't push it to the fed. Pushing it to the FED doesn't explain why only Singapore is the only one that become the most expensive country in that region while others aren't. This move is not involuntary it is a deliberate conscious decision meaning Singapore government wanted and allow it to happen. And in case you are new to Singapore. Whatever goes up there doesn't come down.
Make it simple for everyone to understand here Singapore want to create a image that she is the best there in the South East Asia region and command a hefty price to live there to attract the creme of the crop of this world to go squeeze onto a small island you also created the simultaneous effect of deterring away people who are not going to pay the asking price to be on Singapore. Also doing what Singapore is doing now is actually creating a disparity gulf to happen and this will create misery and tension on the commoners trapped there and that will manifest put as social disharmony. That alone will make governing Singapore difficult and will also deter away alot of talents and investors who do not want to be caught and be a contributing part of this mess. You all try to paint up a very beautiful picture for some of you living in Singapore but you failed to calculate out things won't go in your direction. Not just is it unsustainable once other countries in the region caught up and Singapore have peaked without room to grow anymore. You all also push Singapore into the brink of becoming a dystopian city with many social issues in it.
I won't recommend Malaysia becos the quality of staff. I work with those ppl....your business unless is manufacturing will not benefit much grow. Thailand maybe better?
The beggars can't be choosers . And 🇸🇬 is not one of the beggars. 🇲🇾 has always been included & rated in many international rankings. Too bad it is always rated under ( not under rated ) .
Singapore is a country but looking at the size it really is the size of a large city. So they have a real problem of overpopulation. The country cannot handle anymore population increase. That's probably the main reason they made it so hard to get resident visa.
I guess we are going to see even more people using NZ as a back door into Australia, but I really don't get why most of them go straight to the three most expensive cities. Sure, wages are higher but the cost of living quickly eats into whatever you earn. The entire region is facing serious challenges over the next 50 years, not least our aging populations.
SINGAPORE is a great place to STASH YOUR CASH or METAL but it's the fourth most expensive place in the world to living behind NYC-USA which is second place.
1000 times gratitude. I was going to go to Asia and become a citizen but I decided against it. I’m still looking at Portugal. I have a connection or Malta. I’ll be in touch. Thank you for the information. God bless you. I’ll be your best customer.
In countries like S Korea or Japan, English is not widely spoken. So unless you are prepared to learn the language when you move there, communication could be challenging.
im going to retire in jeju island. my all time favourite destination to relax. When i need to shop. take a cheap flight to seoul or busan. Its the best plan. keep going to south east asia, dont really care about the weather there.
No investor will be stupid enough to dump all that money without surveying current demand patterns and trends. Retail is dead in Singapore! Only thing thriving is F&B diners. But who knows how long that will last? Maybe wait a little longer for more nations to join BRICS and then the USD severe devaluation will make your investment outlay next to nothing 😂
I will teach u wat 2 do...escape to live in johor n commute daily working in singapore earning sg $$$ which is 3x rm...169,000 johorians do it every day...u will live like a king..when new rail link is completed it will b a breeze to travel to n fro....also do't hv. 2 pay cpf..sg is a boring place 2 live n raise family...hot n humid... no surf beaches like bail , no ankor wat like cambodia, no mt fuji japan, only dirt n people.
@@kenneth1201 My bike was stolen in broad daylight, with crowd passing by, without even batting an eyelid. Expensive parts of my friend's bike were stripped in broad daylight. All these happened in Johor Bahru , Malaysia
You might want to correct that statement, Asia? You must be joking. South East Asia I suppose. Malaysia is safer than Thailand, Cambodia, Philipines, Indonesia etc
Agreed, Singapore took in lots of low quality foreigners in the early years, these foreigners create social issues in Singapore, the locals then strongly opposed the open-foreigners policies which left the govt no choice but to increase the criteria for PR/citizenship.
Singapore is a great country and I hope the government pays close attention to migration because migration can help society or create problems. Look at the USA and Europe invaded by so many refugees. It’s horrible.
I first went to Singapore in 1974. Over the years I have seen it reinvent itself. It continues to do so and good luck to it.
You could start your own country for those amounts . . . . . . . . .
Lol soo true it’s insane
Lol that might be the move the way things are going these says lol
In the parallel universe, a group of Nomad Capitalist viewers pooled together their money and formed a new country…
@@jasonw9251 Seriously & Respectfully why not ? Baja California anybody ? . . . . . . . . .
@@jasonw9251 Baja California (until we rename it ?)
Spoke to a person recently who has some knowledge of Singapore; more than I do, certainly, and he said basically the same things Andrew has here.
Singapore is small, they're not hurting for people or wealth and they know they're a hot commodity for people wishing to relocate so they want and need to set the bar very high and rules such as these are how they go about it.
Will Kuala Lumpur follow this same path regarding potential expats wishing to reside their?
@@fizywig Who knows? It might someday if it finds itself inundated with expats but Malaysia is so much bigger and has so much more room to grow and develop that I think it's highly unlikely; at least in the near future.
@@fizywig It could more than likely happen in some Caribbean islands. More than likely from American pressure.
And the worst part is… people are still rushing to get-in despite all the barriers to entry. Singapore had to double the taxation from 30 to 60% to bar foreigners from bidding up the local real estate prices too high. They are experiencing huge inflows from China, Taiwan and HK in particular
@@GrikWorldNomad Chinese province? Shows u know nothing and just wanna talk
Fact of matter - Singapore is only approx 730 km2, smaller than cities like Hong Kong, London, New York...yet Singapore does not have hinterland or outskirts like these others. It is a city State. So bottom line is Singapore cannot afford to be home to everyone, which is why it can afford to chose the more "ideal candidates".
@@infiniteandunlimitedabundance the government part is spot on. other might sound better but if the government there is sketchy? yeaa..
@@LinksRoyal sketchy? Maybe. But still sketchy is far more better than corrupt. Try staying in its neighbor and see for yourself.
@@infiniteandunlimitedabundance You might need to re-read his comment. He said that other countries might sound better but their government is sketchy.
@@danielc2701 whatever it's. Singapore is the best and cleanest place I've known by far. However nothing is perfect so as Singapore.
Many people don't understand Singapore is not a place for poor people to build their dreams. The country is too small for people like that.
It's the best and safest place for super rich to keep their money after the world lost their trust on Switzerland.
@@danielc2701 many westerners have had misconceptions about Singapore. They've mistaken Singapore as America. Ends up with lots of disappointment.
Singapore is a country where you put your money, it is a safe place and you can make more money. If you do not want to lose your investment and continue to get good return then Singapore is a good place. You can place your investment in cheaper alternative of course, just be careful you do not lose your money because if something happened you are not going to get your funds back so easily as investing in Singapore.
Stamp duty for foreigners are designed to stop foreign real estate speculators.
Doesnt affect foreigners who wish to settle down permanently in Spore by becoming permanent residents.
If you're unattached, no kids and just generally mobile, your comparisons hold. Singapore is unique in greater East Asia as it provides solid institutions, security and most importantly, safety for your family and wealth. it is a regional hub for the wealthy or high earners as it caters very well to Chinese, Indonesian and Indian communities. For many, safety, security and education options are non-negotiable and for that there is no comparison in the region. If I were single, I'd be in KL. With my young family, I'd rather be no place else.
nope! all wrong. have you not seen the news? sadly, dead babies found in parks in Singapore, school kids stabbings have occured, a lot of teacher-student molestation and sexual assault cases surfacing, more recently the rich lie about helpers stealing and get minimum jail time. construction "migrant" workers treated poorly and helper abuse coming to light more and more. and have you seen the weekend schools with kids sent there half falling asleep at their desk. the school education system in Singapore is worrying for children's mental health. plus, many teachers aren't very good in the private schools that cost a fortune now. they're coming from the UK after all!
I will agree to this. It takes a lot off your mind when you can trust that your children will be safe even when you are not around them.
@Marc Just curious why you like KL for "single" people. I am single.
@@propertyguru22 fair question. I find KL to be more vibrant. If your focus is on professional networking Singapore may have the edge. However I have found KL to be an easier place to find friends, there's always more 'cool" places to check out and basically the rougher edges of KL make it more interesting. Plus the various activity groups (hiking, cooking, whatever) seem to be more open to foreigners. Full disclosure, I'm a white male. Your experience may vary. Lastly, consumption is cheaper. Taxes are higher, but you can find a way around that.
Agree with you.
Comparing Singapore to KL/Penang would be a stretch, the level of development is pretty different
Honestly, I can't think of anywhere else I'd rather live. I was there for 6 years and had permanent residency. I would do anything to move back and stay permanently. Citizenship is my goal. Malaysia was always kind of meh for me in comparison. Hong Kong won't be an option for me either with the political stuff.
As a Singapore citizen, I always tell people it can be the top country to live in if you can fix the boredom of living in a tiny city by having your own social circle and travelling around occasionally.
Singapore is the Switzerland of Asia for a reason.
Interesting changes.
I just went through Singapore. Ill visit for 30 days, live in nearby countries for a fraction of the cost
Downtown Johor Bahru to walk over?
Yes there are groups of Singaporean citizens living in JB (Malaysia) and cross over daily for work!
@@tantangpenn5496 Bali and Thailand are two hour flight
500 a month rents
300 a month food
100 a month medical coverage
No auto cost
Perfect
@@suenummy I’ll be in Malaysia in a few months to check it out
@@RetireandGo
Singapore is only good and affordable for Singaporeans and the super wealthy foreigners. If you are living on a shoestring budget, please don’t come.
Singapore RULES!!!! Can’t say I blame them for jacking up the price. Why did they jack up the price and make it more difficult for folks to obtain citizenship? Because they can. Hats off to Singapore😎🖖🏼
MoM said live what you can afford. Not what you think you can buy. This why forginers have hard time living a wonderful life.
No because rent and property prices in Singapore has been going insane lately. There is too much speculation going on.
I agree. I love living in Singapore. Meanwhile, my own country in Europe has thrown open the gates for uncontrolled mass immigration into the welfare system and squeezes the middle-class ever more to pay for all that nonsense...
editing so much better today compared to yesterday, this is the way to go!
Insider knowledge: Singapore is transitioning from a financial hub to a regional/circumstantial global banking hub. They are modifying their strategies to take full advantage of the current situation.
What is the difference between a financial hub and a regional global banking hub? And isn't the latter an oximoron?!
@@ordoabchao4202 Exchange of money vs Storage of money.
A lot of assets are being bought in Singapore in the masses.
you mean Singapore is going to store lots of gold? hope it wont sink the island due to the weigh lmao
@@ordoabchao4202it wants to be the largest washing machine in asia
singapore is small country but too many people want to live there. with the new regulations they can limit the number of people to live there
The priced out a lot of people with that including myself it's like spending half is fine. 25 mill is ridiculous 2 million fine...50 million is a lockout. Very very very small number. It's become the Dubai of Asia it's crazy
I’ve been in Singapore for 9 months having lived in Malaysia for 8 years. I’m so bored here, there isn’t much to do.
You May leave Thank you
Singapore is very tiny cannot even do a road trip 🙄
I've been in Singapore for 5 months and incredibly bored. There is literally nothing to do here except mall after mall after mall, their shows are boring and gimmicky and too many xenophobic Boomers
@ace razak why dun you go into cycling. Lol.
@@imsara_h
You can pack up, leave...not welcome in Singapore
Singapore development is just like a parabolic rally of a stock market. The leader who manage Singapore as an asset under management as bank could lead to disastrous consequences when the bubble busted
Exactly. All they could think about is money and profits. Its crazy
Indeed when the silly wealthy thinks they are safe to put all their I'll gotten eggs in one island, the accounts are just ripe for the picking.
If you dont like the game, dont play. It's not for the faint-hearted. We work hard, and we play hard.
Singapore is one of the best and most civilised places I have ever lived in. They can pick up the ones they take. Good for them.
For 99% of the planet, they are saying "keep out". Let's see how it works out when workers that have to commute in can no longer afford it.
Except when Singaporeans travel, civilization is thrown out the window, seen how many Singaporeans behaves in Johor and Malaysia?
South Korea just increased the investment size from 500M KRW to 1 billion KRW
I’m an American in Singapore and spending 5 figures monthly just to survive here 🤑
5 figures???? Because u r having all the good foods n stuffs.
Good luck with that.
Sounds about right, Singapore is supposed to be an expensive country like any other first world cities, you don't expect things to be cheap at New York and London, likewise it's the same in Singapore.
not worth
5 figures!!! That ain’t ‘just surviving’ unless you got big family. I am single and can spend $2000. Just eat in kopitiam and take public transport.
Spot on. I lived in Singapore for 12yrs, got my permanent residency and my own flat. A decade ago, the government started making non citizen's lives harder. Basically saying you have to be super rich to stay there. Sold everything, got the hell out of there. Most of my foreign friends moved out already.
Where are you from ? Malaysia I guess
Libertarians will live in Islamist countries until they get extorted.
Yep. We have limited land for the world to fight for
@@noproblematallmate Malaysia passport with singapore PR is the best combination.. great one bro 😎
@Victor Valdez
Yeah another Jihadishithole
Just got back from Singapore on a stopover returning back to NZ and thoroughly enjoyed my short time there.
People say Singapore is expensive, but I found prices were roughly comparable to Australia & New Zealand, but the quality of products & services was generally much higher. & some services such as taxis are much cheaper. I'll definitely be back.
Nevertheless, i am most impressed with the quality and efficiency of the government
Recently a reporter asked Singapore PM about foreigners immigrating to Singapore, he said Singapore immigration has received a “billion” applications from foreigners...😂 though he may be using a hyperbole to describe the amount of applications, but I don’t think it’s too far fetched to say that....
He means a billion, guess which asian country they tend to come from?
@@stephenshw2262 Cheena
is there a link to that?
@@cancanjaker1620
It was on the evening news...
because Singapore is a rich country surrounded by poor countries like Malaysia, Indonesia, Thailand, that's why when there's such levels of wealth disparity it attracts everyone from surrounding countries wanting to get rid of their interior passports to get the Singapore passport which is the strongest in the world.
Born in Singapore. Third generation here.. impossible to move up the social ladder even with a masters degree from top university. Entry level japan car cost usd 120,000 to own
And all the well paid high positions have already been reserved for the foreigners. PAP is bringing real Singaporeans back to the colonial age except they and their cronies have become the new exploit the people masters
The hidden aspect of meritocracy.
Just like unchecked unregulated free market capitalism, it eventually becomes a previleged club.
And that club isnt an education or a top ranking professional in a choosen field but generational wealth.
Can consider migrating elsewhere with that certification.
Masters degree in what?? In some fake social science or humanities field? You deserve to be poor.
Cars permits are highly regulated in Singapore due to lack of space. There's great public transit anyway.
Go cry somewhere else.
It has become Monaco on the Equator. As a long term resident of the city state, the rents have become an enormous 'tax' on income and make the tax advantages of being an expat far less attractive. Imagine paying US$75-120K per year on RENT for an average apartment or condo depending on location.
oh please, that's way above average condo rental. you're probably renting a several rooms for 75-120k USD.
I stayed at a 2 room for around 3k SGD per month after a near 50% increase in rent across the country.
For your range, you must be staying in a very large condo in a central location.
@@animaze8043 what area are you staying in? I've been hit with a 50% increase which takes my very humble 2 bedder (older building, nothing special) to about S$5K. Around me the prices have skyrocketed. And the real estate is nothing special.
@@plumleyfriends8697 d19.
Everything rental in sg has gone up 50% since 2022. Even the not so desirable locations.
Visiting my brother there this November, glad I can stay at his place to avoid hotel bills! Can’t wait 🇸🇬🇲🇾
Malaysia hotels are literally very cheap, you can live like king here.
@@syafiqzailan doesn’t seem that cheap when I check online, at least in KL 🤔
Smart people always planned ahead. Not trying to contain somebody else.
Hi Henderson, thank you for making this clip. Explicitly highlights the kind of migrant/investors Singapore wants to exclude. As you said, Singapore is unfortunately small city state, ‘vacancies’ for migrants limited. Call us a niche that offers some conditions not many places can boast of eg safety, diversity, efficiency, etc…. only those who can qualify can make it! Others please look elsewhere. 😅
I travel a lot to Singapore for business and what i heard companies concern about the high cost of housing for its employees and plans to reduce their workforce for this reason. Do you have any comment on this issue?
It is a clear and present danger. The Rent inflation is out of control.
Companies that are paying for the rent of their expats will have to expect high expenditure as Singapore's property rental is amongst the most expensive in the world second only to Hong Kong and New York.
I think the rents have peaked and the market is cooling down. There were a few factors that were driving rents post-covid but are now subsiding.
Like Dublin
Rents are strong post-Covid. There has been an influx of foreigners placing pressure on supply. In addition, construction of new build was stopped during Covid, meaning Singaporeans and Permanent Residents are now having to wait longer for their homes and thus entered the rental market. More pressure on supply. During Covid, rents where suppressed and now rents have jumped up significantly. This is not sustainable and they will ease off these current highs. Companies reducing their workforce are short sighted and reacting in a knee jerk fashion.
Excellant ... now I have another good reason not to go to a place I had no intention of going to
Y'all reading this please don't come to Malaysia just leave us alone our people need the jobs, the lands, the businesses, the roads etc etc.
Please stay in Singapore we don't care what other people think we just move at our own pace.
When people come in … they may take one job away from you but they may create 3 jobs. That is the idea.
Singapore is always the hot first choice for those with money. Many fortune 500 non labor intensive MNCs moved from Singapore to Malaysia or other ASEAN countries to save on lease and operations costs but within 24 months all quickly returned to Singapore for sheer speed and efficency. Doing business in Singapore is like riding a jet vs taking a bus elsewhere. Security of ROI is almost always guaranteed if all the right business mix is in place. Speaking from experience. However, recent years has seen many cheap dubious labor deemed " foreign talent", especially from south asia flooding the city. Not a good development if the powers that be continues to play pimp to these set workers. Then not only off limits but check mate. 😳
What you just describe is almost the exact opposite of Japan, i guess Singapore doesn't want to go down Japan's path
If other south East Asian play it well, they could profit from Singapore putting the bar higher for permanent esidency. Malasia, Thailand but also Vietnam, Camboya, Laos, even Myanmar when they short out the mess there.
It will always going to be more expensive thanks to FED non stop printing, all the inflation has to go somewhere.
No free lunch here. Come to Singapore with a good skill sets. Money is not omnipotent but able to contribute the public good to our citizens do count. There are some rich people who are doing a lot self indulgence lifestyle ( ride high speed racing, excessive clubbing ,etc.,) and boastful to exhibit their wealth which we do not need here . Important, you bringing in good values & human decency into our public spaces.
Malaysia is reviewing its MM2H,make malaysia my 2nd home conditions to make it much easier to gain residency.
Yeah. You should remain in Malaysia.
Local Singaporeans have been consistently complaining that they are being priced out in their own country by foreigners. In the last decade or so, the Singapore government share of votes have been consistently falling, whilst that of the opposition has been going up. Unfortunately, xenophobia is a growing trend in Singapore, a strong backlash against "foreign talent". That has probably tempered the government's attitude to foreign investment and foreigners. But than, that's a global trend. UK and the US are probably prime examples of this.
Singapore is a awesome place to live. It just attracts a different crowd than other SEA nations around, just like you mentioned in your video...creme of the crop.
Thank you for your valuable insights. From the info given, it looks like MM2H doesn't look bad at all.
Singapore is a very and truly efficient place. Wealth is leaving Switzerland for Singapore and how to blame them! Singapore is professional, truly efficient. The opposite of what has become Switzerland today : full of of incompentence at any level.
Scams are all too attractive until it is too late.
Nahhh, there are cheaper options.
It's a good place if you're working here with a decent salary and one of the best things is you'll realise the money you earn allows you luxuries like leisurely travel to various countries without feeling a massive hole in your pocket.
When you're a normal middle class Singaporean working adult like me (not married yet), you'll see friends traveling to places like Bangkok or Bali multiple times a year without breaking the bank. Going to a place like Japan or South Korea once a year wouldn't hurt so much either, and this is me a local on a local Singaporean salary.
If expenses are a priority then it's not the best place.
If you can earn the same (expat level) amount wherever you go then a lower cost place like KL or even Vietnam would be great, you can really stretch your dollar. But do appreciate that if you have that privilege of mobility, locals in that particular 'lower cost' country don't earn nearly as much as you so with their local salary they have struggles an expat wouldn't have.
For eg if you're working in Thailand on an expat-level salary then good for you, everything is really 'cheap' and develop this idea that Thailand is the best place in the world, but in truth it applies to you because your income puts you in a higher income tier. But to the local Thai, their own country isn't considered 'cheap' to them, and travelling to other countries for a local Thai on a local salary does require a longer duration to save up, even longer if it's a 'higher cost' country like Japan or South Korea.
In Singapore we are more fortunate in that sense.
Here we have quite a number of Malaysians (from JB) working here and commuting back to JB regularly and for them they really get the best of both words, although the constant to and fro through immigration is a massive pain.
So, try things out and if you do get a posting to Singapore, enjoy it. Many expats when they come here they tend to stay, especially for Japanese or Korean ones as Singapore's working culture is nowhere near as toxic as how they get it back home.
If a rich singaporian person had all those conditions he would immediately leave Singapore 😂
And go where?
@@bell-xk5dd japan/canada/norway/switz
@@Fakeslimshady Japan is generally xenophobic to foreigners and you will have a hard time living there unless you can speak Japanese. The western world is generally in decline. May seem like a romantic idea to move to some place with four seasons and snowy mountains, but the reality could be quite different. Eg shoveling snow from your driveway or having to de-ice your car isn’t fun. Moving there, you may find that you jumped from the frying pan into the fire, or that the greener grass is actually plastic 😂
@@Fakeslimshady
Japan...language barrier, besides foreigners can never be truly accepted within their society. A foreigner is forever a foreigner in Japan. Even if you get their citizenship, there’s an indication in your identity card that you’re a foreigner.
Canada...too cold. You have to spend at least 4 months of winter indoor, and everything looks white outside😂. Very inconvenient. It’s nice if you’re there only for holidays , it can get boring if you’re there years in years out....in Singapore, you can just walk out to buy foods, go to your nearest marketplace, sit down and order a bowl of noodles and coffee... hop on a bus and you can go anywhere, life is so much easier here.
Norway, Switzerland...language barrier again....and these places never welcome foreigners...somehow they will make you feel “ foreign” 😂
It’s true.. born singaporean and served the mandatory army as a man
Always ask, "Which policy decisions will produce the greatest power and wealth for the decision makers and their cronies?"
*The goal of all governments and all banking systems is to privatize profits and socialize losses. Always has been, always will be.*
*"No matter how paranoid or conspiracy-minded you are, what the government is actually doing is worse than you imagine." -- William Blum*
SINGAPORE is the MONACO of SOUTHEAST ASIA!
I moved to Georgia because of your advice which was correct, but Georgia is Now OFF LIMITS please advise the people about the change in the price in Georgia Thank you
Georgia is Now OFF LIMITS
How bad is the inflation rise (%) there?
@@pinetworkminer8377 so bad that an egg is considered a luxury item
exactly 100% example if you used to pay $500 for rent now you have to pay $1,000 - also the Dollar value come down but the price remain the same for food and other things
Nationals from 5 countries that do not need to pay ABSD in buying property in Singapore, and one of the countries is USA who is the Second Biggest Foreign Buyer after China.
They still pay ABSD, it's just at the same level as citizens (17%), which is considerably lower, but still not cheap. (edit) 2nd property, which is really what's it's for (edit) and wow, that's correct, first property for them is treated as 0% like citizens, that's news to me
And many of them are not even born Americans but PRCs with Green Card.
The Singapore TFR is 1.1 so at some point in the medium future they'll have to be less selective or become the next Eastern Europe or Italy with a shrinking, aging population.
Population here has grown from 3m to 6m in less than 20 years and projected to 7m by 2030. Just giving out free citizenship
Rubbish
Timestamps in Taiwanese Mandarin
00:00 新加坡的全球投資者計劃費用四倍於同類型的歐洲計劃
- 新加坡的全球投資者計劃總是比同類型的歐洲計劃更昂貴
- 經濟發展委員會提高了參與該計劃的要求
01:27 在新加坡投資至少需要每美元 7.5 美分並創造就業機會
- 方案一：投資1000萬新元，創造30個就業崗位，其中至少10個是新員工
- 方案二：投資2500萬新元於獲批的基金或設立20億新元的家族辦公室，其中至少5億投資於新加坡的私募股權或股票
- 新加坡沒有資本利得稅或股息稅，對於熟悉個人稅務狀況的人來說，新加坡是一個有吸引力的投資目的地
02:49 新加坡向高淨值人士提供永久居留權
- 申請人必須在新加坡度過至少一半的時間並投入大量資金
- 永久居留權允許參與國民服務和享受優惠的稅收條件
04:09 新加坡的商務簽證項目選擇性很強
- 每年只有少數人被接受
- 申請人必須承諾僱用新加坡公民或投入大量資金
05:25 考慮將馬來西亞和泰國作為新加坡的替代選擇，以獲得較低的生活成本和投資機會
- 馬來西亞提供相似的發展水平和英語熟練程度、較低的房地產價格和更經濟的投資居留許可計劃
- 泰國為數位遊民提供了多種簽證選擇，並為那些將資金存入銀行或股票的人提供了投資者計劃
06:52 考慮新加坡或韓國以獲得優惠的稅收和居住選擇
- 新加坡提供低稅收和優質的護照，但需要大量投資
- 韓國有自己的投資居留計劃，但更為複雜，沒有雙重國籍和語言要求
08:04 考慮獲得亞洲公民身份以獲得更好的機會
- 新加坡的公司不對海外賺取的錢進行稅收，但新加坡的企業有合理的稅率
- 在阿聯酋自由區開展業務可能會遇到更多的稅務問題，但它們提供了更多獲得居留許可和簽證的機會
09:14 考慮在其他國家生活和經營業務
- 泰國、韓國、迪拜、愛爾蘭和瑞士都是不錯的選擇
- 由於高度的承諾和選擇性，新加坡對許多人來說可能不適合
❤Why would PR foreigners mind National Service if Altruistic?😅 Its a great Honor to serve the country as a soldier. Is there no true love for singapore?
We have had lots of Caucasian PRs, but how many Caucasian boys have you seen in NS? Mostly here for the benefits, but not the burdens (ie defending our nation).
@@anchored555 at whose expense if PR ship does not get us Loyalty?
Not even citizenship, just permanent residency. With the new criteria it’s not worth it for most people.
It was never citizenship though.
Most Asian countries don’t easily hand out citizenship and don’t allow dual citizenship.
Weather is great in Singapore? It extremely hot and humid 😂😆
Dubai is next Singapore. Future is there and lot of MNCs already moved to Dubai from Singapore
Many Singaporeans have properties in Batam and Bintan, Indonesia, a neighbourhood country. I know some of them, they decide to retire in Batam, since it has lower cost of living. If they get bored in Batam, they just come to SG by 40 minutes boat with quite cheap rate, and fly to other countries.
This type of living is also common in Malaysia, since Malaysia lays just nearby SG.
Malaysia actively discourages Singaporeans from doing what you describe, you should check out their visa requirements for long term stay...
@@EnDianNeo do not know this Malaysia regulations. As I know, in Indonesia, foreigner is not allowed to own property unless it is puchased under company name. Some people I know have got married to Indonesians and purchased properties under their spouse.
@@upikabu1678 they purchase land under a surrogate
Read of some Singaporeans whose jobs let them work from home & they buy/rent a house in Malaysia to stay & work from (as its cheaper) but not sure if a Malaysian work visa is required
Singapore per population GDP makes up high percentage earned via service revenue compared to manufacturing sector. No hedge strategy but good for the wealthy person looking for safe heaven and safeplace to live and retire. For ordinary folks, it will be a challenging tasks.
Hypothetically speaking:
What would happen if you “invested” the 2 years pay needed until permanent residency plus a bonus to a local company through a third entity to hire you for some BS position where you do like 2 or 3 hours of “work” per month just for show.
Surely, that’s gotta be the cheaper and easier option at this point!
Almost nobody is getting PR now.
Personal Opinion: $10million dollars investment to start a business is not a lot.
I’m a local here and my parents run a small construction business. Money is ALWAYS revolving and projects are constantly coming. If you run a business $10mil is literally a small sum.
Small medium enterprises here turn over is almost a million.
Singapore wants to attract quality investments to be able to afford the cost and salaries here.
Thank you Pandora paper 👏👏👏
The rulers of Singapore are interested in who they admit as citizens and if you guessed, it is a predominantly loyal and wealthy Chinese and Indian constituency they are cultivating. They ask applicants about everything and if they assess a person has the right criteria to succeed as a citizen, will be approved.
Before Covid, everywhere is nice to stay. After Covid, I’m staying in Singapore and of course I will still visit other countries as a tourist, just that when shit hits the fan… I’m coming back!!!
Switzerland is still my dream, even though it's under the claws of the United European Socialist Republic.
Ireland original vote was NO to european dictatorship; so why another vote ? Smart senior citizens knew the score all of those years ago . . .
Switzerland (great country and I don't mind paying my fair share in taxes) plus Grenada (as it provides easy access to China and some other economically important countries which you can't visit visa-free with a Swiss passport) and you're good to go!
Agree that EU countries are essentially a scam: Declining rip-offs.
@@sidesauce they gave up on banking secrecy and provided loans for the war in Ukraine. They are under the coercion spell now, hopefully they will get out.
@@GreenMachine0990 We are nearing a point where small states like Switzerland who are dependent on capital inflows, i.e. foreign assets to manage (they cannot life of watches, chocolate and cheese -> yeah also got pharma companies and co but it's not their main income source) are facing an alliance of declining Western countries and another alliance of culturally different but growing Eastern countries.
So they're forced to pick sides in this "new cold war".
I guess it'll be increasingly hard for smaller countries not to pick sides.
Singapore is the Switzerland of Asia, or Switzerland is the Singapore of Europe.
Singapore is also a country that have the most potential to become a real cyberpunk city in the future. Her rules are known to be strict and that won't change as they need it to be the backbone to create an environment to draw in the business. But the strict rules also end up snuffing off all life and fun out of the city making the place sterile and boring in the process. Her small land mass size also doesn't help as well. People will end up feeling bore after being there for a while.
The poor and common will live and toil in the lower segments of the metropolis which will serve as the underbelly of the city while the rich will live way higher up in the skyscrapers having wanton fun with the money and resources they have in their hands. That is the only way it can balance letting human nature and the need to have a policing nature for the sake of economy to work together. The city will come to have two faces in the days to come.
I see where you’re coming from. And what you described sounds like Dubai at the moment
like i said these analogies are evident in every capitalist state/country. Where the poor gets poorer and the rich richer. its not unique to singapore. The only issue with sg is land constraints which can be solved with cheap frequent trips overseas that costs peanuts as low as 100sgd to KL. Thats why singaporeans are the biggest travellers.
In other words it can also be say and view these Singaporeans are the product and final victims of this move. It sound so beautiful to be known as the world most frequent traveller but study up on why this is so and everyone will know what are the reasons they need to be so in the first place. They simply can't take a breather in the own country they live in which is ironic and cruel for them at the same time.
Your people are unhappy and miserable there. And you can still go ahead and accept the move to push Singapore to go even more expensive to made things even worse there.
@@anglo-saxonconnor817 There’s no perfect country. Every place has its pros and cons. Rising inflation and growing income gap are global problems and not unique to SG. Just look at the soaring numbers of homeless living on the streets in western cities. Now that’s true misery and unhappiness. At least here, our government is more proactive in helping the homeless find shelter and jobs so they can eventually afford their own home. 80% of locals live in good quality highly subsidised HDB flats. 70% of locals don’t even pay income tax. If not for HDB flats, many of them might be homeless on the streets? So it’s a good thing we have created an environment that attracts talent and the wealthy, so we can provide better jobs for our people and can tax the super rich who are coming here in droves, to refill our state coffers drained by 3 years of Covid measures, and to provide for the 70%. No one is forced to stay here so anyone unhappy here is free to leave.
@@anchored555 Since there is no perfect country you all should learn to let your critics to see and said out the flaws in it and not to shush them up.
Singapore is a gated community like those in California. You have to pay to live there.
For that money you can get a 20 year Visa in Thailand and live like a prince. Also, your sons won't have to serve 2 years of army like in Singapore.
Sounds like a Plan A+. Always reminded me of Monaco, if it had been built on a swamp.
We were a malarial swamp once upon a time.
Hey Nomad Capitalist, do you have Bell's Palsy? Your left eye is blinking a lot more than your right eye. You might want to get it examined.
The best thing you can do is to invest in Singapore and live in Johor Bahru,Malaysia.Malaysia is the best!
Why Johor when it’s faster to fly from KL to Singapore including immigration and security than to cross woodland checkpoint once
@@mxlonfn It takes at least 45mins to drive from KL Sentral (for example) to KLIA. Plus having to arrive 1.5-2hrs before departure for check-in, and clear immigration. Flight takes 45mins and although clearing immigration at Changi is relatively fast, when you add the total time, i'm not sure it is any faster to fly from KL vs crossing from JB.
@@jsurfin1 true but considering the woodlands checkpoint can go from 5-7 hours at times it might be better
@@mxlonfn Like you said, 5-7hrs “at times” crossing the causeway but the total time it takes to travel by air is pretty much constant every time.
@@jsurfin1 yes it’s constant 2-3 trip but any trip from jb to Singapore is around 4 hours nowadays
Spot on! 👍
They're going to charge as much as they can get away with because they're a small country with a limited amount of space that is getting more exposure and popularity
The ruling elites in Singapore have their own ways of seeing how Singapore should grow under their guidance without realising the danger they created for Singapore. They feel it is better to have a headstart over everyone else In south East Asia by rushing to put Singapore apart from the rest and become the most attractive place to draw in talents and high yield individuals to live in. They want to become the hub rather than the south East Asia region itself to be the hub itself.
So while other countries still have room to grow Singapore would have already reach the finish line and put a ceiling on herself which she cannot grow further. And when that time come the rich and talents in it will just shift out into the larger south East Asia sphere leaving Singapore in a very short amount of time.
In simple word what Singapore is doing now is simply call creating a flash in a pan. It shine extremely bright but also die out extremely quickly as well. Other surrounding countries might be slower but once they become ready what they create will be a more sustainable fire instead of a flash instead.
We were a fishing village not too long ago. We didn't reach where we are without long term vision and the required aptitude to back it up. You assume everyone else around us have the required discipline to replicate us. But you fail to see what make us different. We had nothing. Everyone around us expected us to fail and that's what we thrived on. Even if we become a flash in a pan, which I doubt we would, we would have still lost nothing from the beginning.
You were never a fishing village to begin with .Your state government inherited a fully functional city when Britain end her colonial rule in Singapore
Whether it's to languish behind or to strive ahead both choices have always been painful to people living in Singapore. Try to seek a balance though. Let the region itself to be the hub. Don't let the city state to attempt to do it Once your city peaked all of you won't be able to sustain yourself under it's weight.
And ask yourself are you a ruling elite in Singapore. They can face the collapse and the high living cost in the journey of change. The target group they intended to attract into Singapore also can and they have the choice to leave at anytime if they can't. The commoners in it can't though. So don't just blindly follow their plans.
@@anglo-saxonconnor817 all this means nothing when we know its the Fed that determines the fate of the world, the rise and fall of the stock markets. QE and QT cycles. The fed is in control which in fact controls the global climate which in turn makes rent higher. From what i know its still QT season and naturally SG rental prices are still all time high accounting for inflation.What Happens When Fed Raises Interest Rates? Rising interest rates in the U.S. will largely influence Singapore's domestic interest rates, as can be seen from the increase in recent months. As the Fed continues to increase the rate, Singapore's interest rate will continue to rise as well.
Your analogies are merely analogies that mean nothing in reality. Name some surrounding countries that are gonna shine brightly. South east asia is not as united as you think they are. You have the unstable myanmar to worry about.
The britain left us a failed city that has no army for leverage.Singapore's defence and economic security were in danger. read about it more.
Don't push it to the fed. Pushing it to the FED doesn't explain why only Singapore is the only one that become the most expensive country in that region while others aren't. This move is not involuntary it is a deliberate conscious decision meaning Singapore government wanted and allow it to happen. And in case you are new to Singapore. Whatever goes up there doesn't come down.
Make it simple for everyone to understand here
Singapore want to create a image that she is the best there in the South East Asia region and command a hefty price to live there to attract the creme of the crop of this world to go squeeze onto a small island you also created the simultaneous effect of deterring away people who are not going to pay the asking price to be on Singapore. Also doing what Singapore is doing now is actually creating a disparity gulf to happen and this will create misery and tension on the commoners trapped there and that will manifest put as social disharmony. That alone will make governing Singapore difficult and will also deter away alot of talents and investors who do not want to be caught and be a contributing part of this mess.
You all try to paint up a very beautiful picture for some of you living in Singapore but you failed to calculate out things won't go in your direction. Not just is it unsustainable once other countries in the region caught up and Singapore have peaked without room to grow anymore. You all also push Singapore into the brink of becoming a dystopian city with many social issues in it.
Make Singapore the centre of your domicile and residency and move around in the ASEAN region for your dollar to stretch your purchasing power.
Problem is i have to and love living in London with my family. My business is in Dubai and UK wont take a flat tax
I won't recommend Malaysia becos the quality of staff. I work with those ppl....your business unless is manufacturing will not benefit much grow. Thailand maybe better?
Hey I was thinking something what if some billionaire buys an island and renounces all citizenships?
The beggars can't be choosers .
And 🇸🇬 is not one of the beggars.
🇲🇾 has always been included & rated in many international rankings.
Too bad it is always rated under ( not under rated ) .
What happened was wealthy mainland Chinese moved in as Singapore have the best educational institutions for their kids.
Wow thats crazy
Its Costa Rica and Colombia for me.
And yes I am a millionaire in case you were wondering
Definitely nothing that country can offer to justify them prices
Singapore is a country but looking at the size it really is the size of a large city. So they have a real problem of overpopulation. The country cannot handle anymore population increase. That's probably the main reason they made it so hard to get resident visa.
Singapore? They should rename it to SingaRICH !
😂😂😂😂😂😂
mm, singapore is not '' RICH ', 80% singaporeans live in public housing HDB, eat in hot sweaty crowded noisy hawker centres, ride squeezed in bus/MRT
Owh😂
I guess we are going to see even more people using NZ as a back door into Australia, but I really don't get why most of them go straight to the three most expensive cities. Sure, wages are higher but the cost of living quickly eats into whatever you earn. The entire region is facing serious challenges over the next 50 years, not least our aging populations.
SINGAPORE is a great place to STASH YOUR CASH or METAL but it's the fourth most expensive place in the world to living behind NYC-USA which is second place.
Meanwhile some adcanced countries still have plenty of land and very few people (cough… Australia cough).
first, from KL lol
1000 times gratitude. I was going to go to Asia and become a citizen but I decided against it. I’m still looking at Portugal. I have a connection or Malta. I’ll be in touch. Thank you for the information. God bless you. I’ll be your best customer.
I don't hear much about South Korea. The weather is certainly better.
In countries like S Korea or Japan, English is not widely spoken. So unless you are prepared to learn the language when you move there, communication could be challenging.
@@anchored555 A good point. I enjoy learning languages personally but not everyone does.
@@MarkRose1337 Cultural differences are a huge barrier when it comes to living in South Korea and Japan.
im going to retire in jeju island. my all time favourite destination to relax. When i need to shop. take a cheap flight to seoul or busan. Its the best plan. keep going to south east asia, dont really care about the weather there.
No investor will be stupid enough to dump all that money without surveying current demand patterns and trends. Retail is dead in Singapore! Only thing thriving is F&B diners. But who knows how long that will last? Maybe wait a little longer for more nations to join BRICS and then the USD severe devaluation will make your investment outlay next to nothing 😂
Time changging slowly.....take care
I will teach u wat 2 do...escape to live in johor n commute daily working in singapore earning sg $$$ which is 3x rm...169,000 johorians do it every day...u will live like a king..when new rail link is completed it will b a breeze to travel to n fro....also do't hv. 2 pay cpf..sg is a boring place 2 live n raise family...hot n humid... no surf beaches like bail , no ankor wat like cambodia, no mt fuji japan, only dirt n people.
well-made video
Move to Malaysia . The 2nd safest coUntry in Asia and one of the best in medical care. Food is also the best in south east Asia.
@@kenneth1201 My bike was stolen in broad daylight, with crowd passing by, without even batting an eyelid. Expensive parts of my friend's bike were stripped in broad daylight. All these happened in Johor Bahru , Malaysia
@@kenneth1201 Safe? U make me laugh 😂😂 . . . Thanks for the joke . . .
You might want to correct that statement, Asia? You must be joking.
South East Asia I suppose. Malaysia is safer than Thailand, Cambodia, Philipines, Indonesia etc
@@justscanningby9902 JB feels like a cowboy town. Only cowboys would feel at home there.😜
🇸🇬 used to offer PR / citizenship easily .
But the betrayal by some nationals in earlier waves has made 🇸🇬 restrict the offer .
yeah, it used to be a like a free pass. Then 2011 happened.
Agreed, Singapore took in lots of low quality foreigners in the early years, these foreigners create social issues in Singapore, the locals then strongly opposed the open-foreigners policies which left the govt no choice but to increase the criteria for PR/citizenship.
overrated ..too small for long stay , alot of Singaporeans commute daily to Malaysia to breath !!
Yes, we go to JB just to eat and shop and return home after that. No place like home.😊
Singapore is a great country and I hope the government pays close attention to migration because migration can help society or create problems. Look at the USA and Europe invaded by so many refugees. It’s horrible.
Singapore is built from immigrants fyi.
@@Drippinonyou yes it is and whats your point?
Andrew do Chile next!
The price isn't the real barrier. Setup a business there and want to bring in talent? Nope. Want citizenship? Nope.
Very true