Super-rich Chinese set their sights on Singapore

Popular choice: A tour boat makes its way out to Marina Bay in Singapore. Part of the city-state’s attraction for the rich is its government-administered global investor programme. — AFP

SINGAPORE: Like many rich Chinese, graduate student Zayn Zhang thinks Singapore could be ideal to park his family’s wealth.

He’s hoping that studying at a university in the Asian financial hub will lead to permanent residency and while the 26-year-old hits the books, his wife is out looking for a S$5mil to S$7mil (US$4mil to US$5mil or RM17mil to RM21mil) penthouse.