. But protesters are now demanding it be scrapped amid broad concern it may threaten the rule of law that underpins Hong Kong's global financial status.
Rahul Sen, a London-based global leader for private banking at headhunter Boyden, said three of his multi-office wealth advisory clients decided in the last few weeks to hire teams of bankers in Singapore after initially considering Hong Kong. Ian Loh, head of investments and capital markets at Knight Frank Singapore, said the investors are looking at a range of properties – including offices and hotels - starting at around S$200 million and going to over S$500 million.Real estate in Singapore is an attractive asset class for rich individuals due to its affordability and growth outlook.
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