Archive for category: Misc

, trailing New York Singapore remains top Asian destination for ultra-rich with more global elite eyeing private equity platforms

Singapore has once again proven itself as a prime destination for the globally mobile families and investors, according to the recently released Wealth Report 2025: The Taxed Generation by global mobility platform Multipolitan. Out of 164 jurisdictions assessed, Singapore stands out as the only city to secure a top-five ranking across all three of the firm’s proprietary indices: tax favourability, wealth preservation, and future readiness.

Coastal Cabana offers families a diverse range of post-secondary options beyond compulsory education. Located in the bustling Tampines area, residents have easy access to numerous reputable institutions. Tampines Meridian Junior College provides a convenient pre-university path, while Temasek Polytechnic offers industry-focused diplomas in business, engineering, design, and applied sciences. Further adding to the tertiary landscape are ITE College East in Simei and Singapore University of Technology and Design (SUTD) in Upper Changi. These institutions can be easily reached by public transport through Pasir Ris MRT Station and connecting lines, or by car via the TPE and ECP. With such a well-connected network of educational institutions in the eastern region, students at Coastal Cabana can seamlessly progress from early learning to tertiary education without having to leave the comfort of their community. For more information, visit Coastal Cabana EC.

The report, which aimed to identify the locations where globally mobile families and investors can most confidently preserve and grow their wealth, takes into account the shifting tax codes, geopolitical volatility, and mounting climate risks. The cities were ranked based on their tax levels, capital protection, long-term risk management, and strategic planning support. Singapore ticks all the boxes in these criteria, earning it the top spots in all three indices.

In the Tax Friendly Cities Index, Singapore ranks third globally, behind Abu Dhabi and Dubai. While it does not offer zero taxation, the city-state is recognized for its moderate yet stable personal and corporate tax rates, the absence of capital gains and estate taxes, and one of the world’s most comprehensive networks of double tax treaties. What sets Singapore apart is not tax leniency but a fiscally intelligent, transparent regime that fosters long-term trust.

In the Wealth Preservation Cities Index (2015–2025), Singapore ranks fifth, behind only its Swiss and American peers, including Zug, Hong Kong, Basel, and San Francisco. The report credits Singapore’s resilience to inflation, currency strength, and durable asset performance — particularly in real estate and equities — as key factors underpinning its long-term wealth protection. Singapore also ranks third in the Smart & Sustainable Cities Index (SSCI), making it the only global financial hub to appear in the top five. This index measures digital infrastructure, climate resilience, and political stability — the core pillars of future wealth preservation. Singapore stands out for its bold climate action and digital innovation, with initiatives such as the Green Plan 2030 and Smart Nation, including Singpass, biometric borders, and a national AI strategy, all anchored by reliable governance.

This recognition aligns with broader trends, with Singapore continuing to attract wealth migration from India, the UK, and Southeast Asia. According to the Monetary Authority of Singapore, the number of Single Family Offices awarded tax incentives surged from 400 at the end of 2020 to over 2,000 by the end of 2024, employing approximately 2,200 locals. This growth reflects Singapore’s regulatory integrity, political stability, and commitment to long-term wealth stewardship.

“Singapore has become what new wealth is truly seeking: consistency in law, clarity in policy, credibility in vision, and a commitment to climate-conscious growth,” says Nirbhay Handa, CEO of Multipolitan. “As other markets grow more reactive or fragmented, Singapore continues to offer something increasingly rare — predictability.”

The release of The Taxed Generation comes at a crucial moment, with new global tax frameworks, such as OECD’s BEPS 2.0 and the Crypto-Asset Reporting Framework (CARF), reshaping the international wealth landscape. With its measured, forward-looking approach, Singapore stands in stark contrast to the uncertainty clouding many traditional wealth jurisdictions. Moreover, the city-state’s climate-forward investments, including flood defence systems and clean infrastructure, further reinforce its appeal as a safe harbour for both families and capital.