80 UGLOBAL IMMIGRATION MAGAZINE
INVESTOR STORY
SINGAPOREAN INVESTED A $ 5 MILLION TO BUILD A NEW LIFE IN AUSTRALIA
BY MOUSTAFA DALY , STAFF WRITER
Ethan Lee , a 70-year-old citizen of Singapore , is among the investors who were granted the SIV after making a substantial investment in the land down under .
Australia is famous for many things that make it a place like no other . But aside from the kangaroos and koalas , the land down under also offers a vibrant business environment , high quality of life , and a powerful passport , checking many marks investors look for when they seek a residency-by-investment .
The world ’ s 14th largest economy , however , has one of the priciest residency-by-investment programs anywhere . The country ’ s Significant Investor Visa requires a whopping investment of A $ 5 million ($ 3,350,000 ) for consideration .
Despite being markedly higher than most similar programs , SIV has been popular since its launch in 2012 , drawing in more than 2000 investors , mostly Chinese , who collectively invested north of $ 11 billion in the country over the past decade .
Ethan Lee , a 70-year-old citizen of Singapore , is amongst the investors who were granted the SIV after making a A $ 5 million investment in Australia back in 2017 . Following a prolific 40-year-career that saw him occupy various business consultant and investor roles across a number of Asian