About 23 per cent of S’pore’s rich plan to move abroad: survey
A survey by Barclays Wealth has found that about 23 per cent of Singapore’s wealthy plan to move abroad in the next five years.
But Singapore is a top destination for Hong Kong’s rich.
About 2,000 high net worth individuals participated in the global survey, AFP reported.
In Hong Kong, 16 per cent of the wealthy said they plan to move, with 44 per cent of those naming Singapore as their destination.
Another 31 per cent anticipated going to China.
Nearly half of China’s super-wealthy individuals — 47 per cent — are considering leaving the country within the next five years, the survey found.
Hong Kong is their preferred destination, cited by 30 per cent of respondents, followed by Canada with 23 per cent.
Around the world, a little over half — 57 per cent — of super-rich individuals have only lived in one country, with 20 per cent having lived in three or more.