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Marina Bay in Singapore, on Jan. 28, 2021. 

Marina Bay in Singapore, on Jan. 28, 2021. 

Photographer: Lauryn Ishak/Bloomberg
Wealth
The Big Take

The Super Rich Are Choosing Singapore as the World’s Safest Haven

Money is sloshing around Singapore like never before. Family offices, Bentley sales and real estate prices are booming.

David Ramli and Lulu Chen

When Singaporean car dealer Keith Oh first read the Facebook message, he wasn’t sure it was real. A Chinese client ordered a S$1.1 million ($830,000) Bentley—sight unseen—over the social network.

“They just asked for the price and when we could do the delivery, that’s all,” he said. “It’s a million dollars to us but it’s probably nothing to them.”