Who do you think is the top foreign investor in Australia's commercial real estate market? If you think it is the Chinese, you are wrong. It is Singapore, according to CBRE report. Singapore invested A$5.3 billion or 28 percent. Germany account for 14 per cent, United states at 13% and China at 9 per cent.
If you think Singapore property prices have caught up with Hong Kong, you are wrong. Looks like Singapore property prices are still lower especially on the luxury segment according to the latest Savills report. For the suburbs, it could be very close. Well, not an official report but just derived that from chit chats with my Hong Kong friends.
Where do you think has the most number of billionaires in Asia? If you think China or Singapore, you are wrong. It is Hong Kong. Hong Kong has more than 2.5 times number of billionaires than Singapore and 2.2 times that of China.
This is what i have always been waiting for, the average income in Singapore published by the Straits Times. As suspected, the income level in Singapore is really high. We might have one of the highest earning middle class at $8,378. I suppose this is only considering single income. If you consider dual income per family, then it is even higher. So which percentile are you at?
Singapore is again the 2nd most competitive economy this year just behind Switzerland according to World Economy forum (WEF). Factors includes infrastructure, health, education and technological readiness. Here's the top ten:
1. Switzerland
2. Singapore
3. United states
4. Finland
5. Germany
6. Japan
7. Hong Kong
8. The Netherlands
9. Britain
10. Sweden
There are only three Asian countries in the top ten.
