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Singapore: a new playground for the rich?

20 September 2013 Last updated at 02:50 BST

New York, London and Monaco are the traditional destinations for the ultra rich. But now, add Singapore to that list.

The city-state is gearing up for its most glitzy event of the year - the Formula One night race - where thousands of people will be flying in for both business and pleasure.

Singapore has among the highest number of millionaires in the world, and as people choose to park their wealth here, a host of businesses have sprung up to service their needs.

The BBC's Leisha Chi reports.

Watch more clips on Asia Business Report's website.

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