Luxury lifestyle and vibrant economy: The Indonesian Chinese Community in Singapore!
Political stance Clean and corruption-free Economic development Value of investments Home away from home Summary: For Indonesian Chinese looking for new investments and living prospects, Singapore is the ideal location due to its political stability, economic strengths and equal platform for competition.
Over the years, the Indonesian Chinese community in Singapore has grown and expanded into considerable force. This group of hardworking and innovative expatriates appreciates the wonderful life on the island nation because such standard of living is something that they may not receive back in Indonesia. Singapore Prime Districts discusses the reasons that attract and retain this community.
Unlike the Indonesian government that gives priority to their fellow natives, the Singapore government is renowned for their emphasis on meritocracy. This ideology provides an equal chance to all and ensures fair competition. Meritocracy in real life application means there is no quota to university entrance or application for business licenses because everyone is judged not based on race but on talent and diligence. In school or at work, the Indonesian Chinese community could maximize their potential through opportunities that may not have been available to them in Indonesia.
Many South East Asian countries suffer from dire consequences of corruption in both their political and corporate arenas. The case is starkly different in Singapore where our government adopts a harsh stance against every kind of corruption. This leaves Singapore almost corruption-free as we score 5th out 163 countries in the Transparency International Perceptions Index. Clean public and private sectors enhance efficiency and productivity throughout the island nation; as such quality of life for the Indonesian Chinese community is much higher.
Poised as one of the powerful Asian Tigers, the Singapore economy has performed surprisingly well in the past 20 years. Even after the Asian Financial Crisis in 1997, this determined island state picked herself up relatively faster than any other city in the region. This was due largely to the well-planned development routes by the local government that places huge importance on economic performance. As such, the Indonesian Chinese community has over the years, accumulated great faith in Singapore's investment prospects.
Due to the limited land size of Singapore, property is often viewed to be extremely valuable and precious. In comparison with Indonesia where land is in abundance, property investments in Singapore are more lucrative with greater returns. This is especially true for prime districts where the crème de la crop developments are located. Due to the openness of our condominium and private apartment markets, the increase in prices can occur swiftly in a few years, generating profits for investors. Recently, a surge in downtown property demand has in fact done so for the Indonesian Chinese community who prefer to live near Bukit Timah and Somerset.
Singapore is truly the home away from home for many Indonesian Chinese expatriates. They may start off treating this island as a place for business but most of them eventually move their entire families over. This is because Singapore has a lot to offer in terms of standard of living, security and stability. Furthermore, our metropolitan culture means that these expatriates could easily enjoy Indonesian cuisine like beef noodle soup or a relaxing Javanese message in Orchard. So really, home is not that far away.