Seriously, all the rich people in Singapore became rich because they were either directly in Property or were involved with Property eg banks lending.

Other than that....suck eggs!

go ask all those baby boomers - those who bought property eg landed property or several condos.......they made more money just from those investments than they did in their ENTIRE WORKING LIFE'S SALARY OR EARNINGS.

seriously.

The richest people in Singapore? Property. Banking.

Sim Wong Hoo is not in that class.

Sadly those days of the property boom are gone.

You might have read about the ENT surgeon who paid $26m for a 104 year lease from Kwong Wai Shiu Hospital. Heard that other developers stayed away because they dont think they can make money. And the ENT surgeon had to borrow quite a hefty sum. Hope he does ok.