Singapore’s reopening boom draws big money and bubble fears

This picture taken on October 10, 2022 shows people walking on the bridge near the financial business district in Singapore. - AFP

SINGAPORE, Oct 12 (Bloomberg): Earlier this month, a record 302,000 people attended Singapore’s first Formula 1 car race in three years. Some forked out $900 for a grandstand seat for three days, while others booked hotel suites overlooking the Marina Bay track for as much as $10,000.

Nightclub tables were fetching up to $70,000 per evening.