China may soon be the birthplace to half the world’s billionaires but Singapore – the world’s richest city – is where they go to play. Some of the rich and famous who have moved to the tiny Southeast Asian island republic include Indian telecom tycoon Bhupendra Kumar Modi, Chinese movie superstars Gong Li and Jet Li, New Zealand billionaire Richard Chandler, and famed US investor Jim Rogers. One in six households in Singapore have a net worth of $1m, reflecting the flow of wealth eastwards as the centre of global economic activity shifts to Asia. With low taxes, a reliable, corruption-free government and protective private banking laws, the world’s ultra-rich are flocking to make Singapore home, giving it the highest percentage of millionaire households in the world. While the rich have fun, locals are struggling to keep up with the rising cost of living.
Supercar owners living in an exclusive high-rise apartment block can now park their beloved motors from their – LIVING ROOMS. Hamilton Parks in Singapore is a brand-new 30-storey development where flats cost between £6 and £15 MILLION. But with parking in the city limited, the skyscraper designer came up with an innovative way of parking some of the planets fastest cars. Residents simply drive their 200mph motors into a biometrically-controlled lift at the base of Hamilton Parks on the city’s swanky Orchard Road.
Louis Vuitton has opened a floating store with the help of Boston based architect Moshe Safdie and New York designer Peter Marino. The store will operate as its own island in Singapore, floating in the Marina Bay Sands complex; looks like an inspiring shopping experience to say the least. Checkout more pics after the jump. Read More