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Since the takeover of Hong Kong by China, the island has become the last refuge for businessmen in the region.
From our Special Envoy in Singapore, Francois Miguet
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Lex-boss in Asia of a major European bank gave us an appointment at 60e floor of the United Overseas Bank Plaza, Singapore’s second tallest tower. The place is pleasant: you can enjoy a panoramic view of the city-state while enjoying the specialties of an excellent Chinese restaurant. Between two mouthfuls of Szechuan-style spiced eggplant, our interlocutor, amused, confides in us. “A friend of mine is coming from Hong Kong with his family in September. He asked me how much it took to rent a 150 square meter apartment in a decent neighborhood. I told him to plan 12,000 Singapore dollars per month, or 8,500 euros. And there he answers me: “Phew, I had planned a budget of 15,000 euros!” » The business elite of…
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