Singapore remains a top choice for property investment among ultra-wealthy

Singapore

SINGAPORE remains a favoured destination for property investments among the world's ultra-wealthy, taking the fifth spot based on an overall global ranking by Knight Frank.

In the property consultancy's Wealth Report 2018, Singapore is the third most favoured country among Asian investors, after the UK and the US. Among Australasians, Singapore takes fifth spot.

The rankings are based on an attitude survey within the report.

Separately, the report also features the City Wealth Index, a ranking of the cities that matter most to the ultra-wealthy. Singapore took fifth spot on this index, and is the only Asian city in the top five.

The index aggregates scores based on four parameters - wealth population and its rate of growth; property investments worth at least …