Singapore’s family office speed pushes JS-SEZ to step up

THE race to attract the world’s ultra-wealthy in the region is intensifying, with Singapore’s move to slash family office application times from 12 months to just three piling pressure on Malaysia’s Johor-Singapore Special Economic Zone (JS-SEZ) initiative, which is still in early stages of execution.

Singapore’s initiative, announced mid-week, aims to enhance the country’s wealth management sector while maintaining strict regulatory standards.