![Cash Rich](http://farm4.static.flickr.com/3148/5790227761_fec2cc4184_o.jpg)
It puzzles many locals how some people can be so rich and afford to pay so much cash for houses when the prices are now sky high!
![Cash Rich](http://farm4.static.flickr.com/3300/5790784840_4cb9999b7b_o.jpg)
Probably this piece of news published on WSJ explains.
http://blogs.wsj.com/scene/2011/06/02/singapore-the-place-to-meet-a-millionaire/
It says Singapore has the highest concentration of millionaires in the world. Higher than Switzerland it seems. Is the report accurate it says 16% of households have at least 1 million in assets. Well I am not one of them.
Well, we know for sure the Members of Parliament in Singapore get that much a month!
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