The Big Read: Can the growing number of ultra-rich in Singapore live in harmony with the average Joe?

The Big Read: Can the growing number of ultra-rich in Singapore live in harmony with the average Joe?

WHAT CULTURAL NORMS DO THE ULTRA-WEALTHY HAVE TO BE AWARE OF? 

Back in 2018, an unauthorised secondary school social studies guidebook, which contained sweeping generalisations about people in Singapore from high and low socio-economic status (SES), generated significant flak online, with Prime Minister Lee Hsien Loong weighing in on the incident during a speech in Parliament. 

The book, among other things, claimed that those of low SES speak Singlish, play soccer or basketball, and eat at hawker centres, while the high SES speak formal English, play golf or tennis, and only eat at fine restaurants.

“Singaporeans were appalled, and rightfully so,” Mr Lee told Parliament. 

He added that while lifestyle choices can become separators in society to show “who is in and who is out”, the general tone of Singapore is “one of restraint”. 

“We must discourage people from flaunting their social advantages. We should frown upon those who go for ostentatious displays of wealth and status, or worse, look down on others less well-off and privileged,” he had said. 

“We should emphasise our commonalities, not accentuate our differences.”

Indeed, the sentiment that the wealthy should not show off their social advantages cannot be more apparent than when looking at online discussions related to the issue. 

Last month, a LinkedIn user by the name of Satwant Kaur had posted on the professional networking platform that those who live in HDB estates are “very different” from “private residence people”. 

She added that it was hard for her to live in Singapore when the government allows “HDB people” to take up jobs in private residential estates, and that contact with them should be limited. 

The post sparked outrage among netizens, with some calling her post discriminatory and elitist, while others branded the content as hateful. 

The post has since been deleted.

Some Singaporeans whom TODAY spoke to also expressed similar disdain for individuals who engage in ostentatious displays of their wealth. 

One resident at an HDB estate along Farrer Road, which overlooks the Woollerton Park estate, said that he sometimes feels a “tinge of jealousy” when he sees children, whom he believes come from well-off families, walking around near his estate using expensive headphones.

“I’m working so hard just to buy my headphones, but this kid is just walking around with a pair of (branded headphones),” said the 37-year-old, who wanted to be known only as Mr Heng. 

However, the jewellery business owner said that he does not let these sentiments fester, because he rationalises that having such wealth is what he, and many Singaporeans, aspires for.

“In the end, if you want to be wealthy, you can’t hate wealthy people,” he said. “You can’t dislike these people if you want to be them, and you want your children to be them.” 

An aversion to the flashiness aside, some Singaporeans are more concerned with the attitude shown by the ultra-rich towards those around them. 

“I think the (ultra-high net worth individuals) should not exacerbate their class differences because they have to empathise with those less fortunate around them,” said Ms Sandra Choong, a resident at d’Leedon, a condominium along Farrer Road close to several landed property estates. 

“Maybe they can’t help to wear branded goods and drive nice cars, but at least they should not put down others, the way they talk is the most important,” said the 44-year-old housewife. 

Sociologists pointed out that the culture of restraint as highlighted by PM Lee is one that is traditionally prevalent in Asian societies such as Singapore. 

Associate Professor Vincent Chua, from the Department of Sociology and Anthropology at National University of Singapore (NUS), said that the flaunting of wealth is not widely accepted in Singapore due to the presence of a “communitarian ideology”.

“As opposed to the ‘rights’ of individuals to get rich and flaunt their wealth, the emphasis here is more weighted towards the ‘duty’ that one has of preserving social harmony between groups.”

He said that this is why the ultra-wealthy are “relatively well-hidden” in Singapore. 

“Standardisation is valued over standing out from the crowd,” Assoc Prof Chua added. 

Agreeing, NUS sociologist Tan Ern Ser said that such disdain for flashiness points towards an egalitarian culture here, which is the principle that all people are equal and deserve equal rights and opportunities.

“Broadly speaking, most Singaporeans see themselves as middle class and potentially upwardly mobile,” said Dr Tan.

“This in turn translates into a more or less ‘egalitarian’ culture, which would therefore not look upon ‘showiness’ very kindly.”

This is because with most Singaporeans being middle class, they will see those who stick their head out of the crowd as “deviants”, he added. 

Given Singapore’s density, it is inevitable that the ultra-rich will come into contact with the average Singaporean in their daily lives.

Mr Heng, the jewellery business owner, said that at Empress Place Market & Food Centre, he often observes these interactions, such as those between the ultra-wealthy retiree and the shopkeepers. 

By and large, he has had no issues with any of these ultra-wealthy individuals and sees them as no different from himself in these public spaces. 

“Everyone still ends up going to the market – if you are a retired uncle who lives in an HDB flat, or a multi-millionaire living in a Good Class Bungalow, you still end up queuing at the same hawker stall,” he said. 

“It doesn’t matter, because (the ultra-wealthy) queue up nicely, it’s not as if they behave in a way that is unpleasant and distasteful,” he said.