HomeOtherWealthy Chinese flock to Singapore

Wealthy Chinese flock to Singapore

Reporting by Mercedes Ruhl and Leo Lewis from Singapore

A Tuesday morning in mid-December. Not long after it opened, the Rolls-Royce showroom in Redhill, Singapore, was already quite busy. Tensions between the U.S. and China remain high, financial markets are volatile and the global economy looms under the shadow of recession risk: this is the perfect time to put down an $80,000 deposit on an eye-catching pink Rolls-Royce Phantom. Good time!

The number of Rolls-Royce vehicles registered in Singapore will surge in 2021 and remain at record levels in 2022 – the cars…

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