It is a key money and transport hub, continuously ranked the most costly metropolis to are in considering the fact that 2013, and is recognized for a tax haven. Singapore is positioned very in key social indicators: education and learning, healthcare, Standard of living, particular basic safety, and housing, that has a property-ownership fee of 91%. Singaporeans delight in on the list of globe's longest lifetime expectancies, swiftest Internet connection speeds and one among the bottom toddler mortality fees on the planet.[7]
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The English identify of "Singapore" is undoubtedly an anglicisation in the indigenous Malay title with the region, Singapura, which was consequently derived through the Sanskrit term for "lion city" (romanised: Siṃhapura; Brahmi: ????????????????????????????; practically "lion metropolis"; siṃha means "lion", pura signifies "metropolis" or "fortress").[8] A Chinese account through the third century referred to a location as Pú Luó Zhōng (Chinese: 蒲 羅 中), which appears like Malay for "island at the conclusion of a peninsula."[nine] Early references towards the identify Temasek (or Tumasik) are found in the Nagarakretagama, a Javanese epic poem written in 1365, plus a Vietnamese source in the exact time period.
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Singapore has the entire world's greatest proportion of millionaires, with just one out of every six homes having at the very least one million US bucks in disposable wealth. This excludes house, firms, and luxurious products, which if included would increase the number of millionaires, Primarily as house in Singapore is amid the earth's most expensive.[265] In 2016, Singapore was rated the globe's most costly town for your 3rd consecutive yr because of the Economist Intelligence Unit,[266][267] and this remained real in 2018.[268] The government supplies numerous support programmes to your homeless and needy throughout the Ministry of Social and Family growth, so acute poverty is uncommon.
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