comment: >
  
  Hopefully the Singaporean legal democratic system is transparent enough to deal with this without affecting their political donations.
context: They need a place to flex their money following the ban on stunting. >
  
  Actually lol'd >
  
  This is the best tl;dr I could make, original reduced by 87%. (I'm a bot)
  
  
  Singapore - Singapore is seeing an influx of ultra-wealthy families from China looking to protect their wealth from a Communist Party that increasingly views them with suspicion.
  Relocating to Singapore puts the wealth of China's richest beyond the reach of Beijing, whose recent high-profile crackdowns have rattled billionaires.
  The Monetary Authority of Singapore estimates that the number of family offices - wealth management companies dedicated to individual and group assets - rose from 400 in 2020 to 700 in 2021.
  
  
  Extended Summary | FAQ | Feedback | Top keywords: Singapore^#1 family^#2 China^#3 office^#4 Chinese^#5 >
  
  Is this the same shit they were doing in Canada, in cities like Vancouver, B.C. and in Toronto? >
  
  Yup  - when the lease expired on Hong Kong Vancouver quickly earned the nickname Hongcouver as the wealthy diversified/ 
  Ratholed big money into Van >
  
  Removing their ultra-wealth from China is something China should find suspicious. >
  
  Housing market is nuts right now.
  In one of the prime places in SG right now, a 2 bedroom 1600 sqft unit is up for rent at 23000 SGD / 17300 USD a month.
  It's on the extreme side, but even in regular parts of the city I've seen 550 sqft units go for 3500-3700 (in the suburbs essentially). >
  
  It's a bad time for renters, thankfully over 90% of Singaporeans own their own homes. The national housing scheme helps buffer the majority of citizens against madness like this. In fact, many of them actually gain from renting their apartments out. >
  
  Ah, socialism, when the government actually benefits its citizens >
  
  Whut? >
  
  He could repeat himself slower if that would help. >
  
  Yeah I dunno if repeating it slower would make it any less dumb (written by a yank no doubt).Perhaps it would help your comprehension though…. >
  
  No, I comprehended it just fine. I seem to remember you having some trouble with it though. Also with spelling. 🙂 >
  
  No, it really seems your comprehension is lacking….
  It seems you don’t actually know what socialism is; that’s the main problem.
  Please come back when you actually know what you’re talking about. >
  
  This all started with your inability to comprehend a comment and now you want to start casting aspersions against my comprehension? I know exactly what I'm talking about but it's very clear that you don't. Or maybe that's just my Yank education. Try harder. >
  
  Welcome to London style housing crisis since last 20 yrs. >
  
  So basically more of Crazy Rich Asians? >
  
  Wealthy Chinese are taking proactive measures to keep their wealth away from CCP grabbing their hard earned money.
  They got their warning when government essentially took over Jack Ma's company illegally. >
  
  
  Wealthy Chinese are taking proactive measures to keep their wealth away from CCP grabbing their hard earned money.
  
  Keeping money in foreign assets helped russian oligarchs a lot. They saved money from russian government though they didn't really saved the money itself. >
  
  Might well be the wealthy Chinese see a war with Taiwan and international sanctions coming. >
  
  Everyone sees that possibility, they just decided to reduce the risk. That does not mean that it will actually happen >
  
  Russian ologarchs had their foreign property, money, company shares seized and are not getting it back. So what kind of of risk reduction it is? >
  
  As the Communist Party well should. I dislike the CCP, but they're right to be suspicious of ultra wealthy unscrupulous families. >
  
  The problem in China is, the CCP has no self-control.
  Yesterday they tortured your parents because they were a filthy capitalist.
  Today, they help you make a million dollars because they want to grow the economy.
  Tomorrow they torture your children because they are a filthy capitalist.
  Obviously, rich people will flee such a country. And the country will be poorer for it.
  This is why western style redistribution without torturing anyone is more effective in raising living standards. >
  
  Old news >
  
  "Common prosperity" is the new mantra of the CCP. But why does it seem that some of the most exemplary comrades from the former era right now experience a sudden and inexplicable waining of their ardent love for comunism? How come? >
  
  They fucked around with suicide net factories, now they're finding out about living in exile. >
  
  Ironically the factory with the suicide nets was a Taiwanese owned factory. >
  
  The entire reason Taiwan exists is to harbor the capitalist parasites who fled the communist revolution in mainland China. So of course they're literally working people to death. >
  
  
  looking to protect their wealth from a (Chinese) Communist Party
  
  narrator: chuckles darkly >
  
  Holy crap! Stop pushing our housing flat price so high up! I can't even afford a house even with BTO prices being discounted by the gov!
  At this rate a lot of us are never going to own a house! >
  
  Damn CCP you wild as hell. >
  
  Half of them are called Xi I assume.