ingapore’s reputation as a safe haven, burnished during the pandemic, has made it a magnet for the wealthy. The continuing influx of rich foreigners boosted the city-state’s property sector, driving up prices and rentals. The easing of border restrictions from April led to an uptick in international visitors, sending hotel rates soaring. Despite these positive trends, rising inflation and the global tech rout knocked down the combined wealth of Singapore’s 50 richest by more than a fifth to $164 billion from a year ago.
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