Ultra-Rich Chinese Push Premier Singapore Golf Entry Fee to $618,000 for Expats
- Foreigners settling in city have driven surge in entry prices
- Demand is led by China-born investors seeking stability
In a year when everything from stocks and bonds to cryptocurrencies have tumbled, an investment in Singapore’s most elite golf club stands out.
The cost for an expatriate to join the 36-hole Sentosa Golf Club overlooking the Singapore Strait has more than doubled since the end of 2019 to S$840,000 ($618,000), according to brokerage Singolf Services Pte. For citizens and permanent residents, the membership price has surged to as much as S$500,000.