Monthly Archives: August 2012

Bentley Mulsanne Convertible concept

Bentley Mulsanne Convertible Preview

Bentley Mulsanne Convertible concept

Bentley has announced that it will make a convertible version of its flagship car, the $290,000 Mulsanne .

Details on the Mulsanne Convertible Concept are scarce, but Bentley is already predicting it will be the “world’s most elegant and sophisticated convertible.

Bentley’s engineers have worked to make the car more driver-focused in comparison to its sedan counterpart which is focused towards the passengers.
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McLaren X-1 Concept

McLaren X-1 Concept

McLaren X-1 Concept

British automotive manufacturer McLaren Automotive has unveiled the new X-1 concept sports car at the 2012 Pebble Beach Concours d’Elegance event in the US.

Created for an “anonymous car enthusiast,” the one-off model was built by McLaren Special Operations (MSO) and is based on the MP4-12C.

The mystery man is a devoted McLaren fan who has already splashed out on a McLaren F1, a Mercedes-Benz SLR McLaren and a MP4-12C.
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Fireworks Marina Bay Singapore

Singapore to be world’s richest country by 2050

Fireworks Marina Bay Singapore

Singapore, Hong Kong, Taiwan and South Korea are projected to be the world’s richest economies on a per capita basis by 2050, a study showed.

The survey by property giant Knight Frank and Citi Private Bank, reported in Singapore media Wednesday, also showed multi-millionaires in Asia will continue to outnumber those in North America and Western Europe by 2050.

Singapore topped the list in 2010 and is expected to keep the top spot in 2050, when the city-state’s gross domestic product (GDP) per capita would reach $137,710.

It will be trailed by Hong Kong ($116,639), Taiwan ($114,093) and South Korea ($107,752) with the U.S. coming in fifth place, falling from third place in 2010.

Singapore’s 2010 GDP per capita stood at $56,532, while Hong Kong ($45,301) — the only other Asian economy in the top 10 that year — was in fourth place.

“While rapid GDP growth does not in itself guarantee a sharp rise in high networth individuals, rapidly growing economies do provide key opportunities for large-scale wealth creation,” Grainne Gilmore, head of UK Residential Research at Knight Frank, wrote in the study.

Gilmore said there are now around 18,000 “centa-millionaires” — those with $100 million or more in assets — in the region covering Southeast Asia, China and Japan, more than the 17,000 in North America and 14,000 in Western Europe.

By 2016, Southeast Asia, China and Japan are expected to have 26,000 centa-millionaires, compared with 21,000 in North America and 15,000 in Western Europe, she wrote, citing data from Ledbury Research.

On a country basis, the United States will lead in 2016 with 17,100 centa millionaires but China is expected to double its numbers to 14,000.

“Southeast Asian deca-millionaires — those with $10 million or more in assets — already outnumber those in Europe and are expected to overtake those in the US in the coming decade,” she said.

mosque in singapore

Rolls Royce Phantom Coupe Aviator Collection

Rolls Royce Phantom Coupe Aviator Collection

Rolls Royce Phantom Coupe Aviator Collection

Rolls-Royce debuted the Phantom Coupé Aviator Collection, an aviation-mirrored line inspired by founder Charles Stewart Rolls, at Pebble Beach Quail last week.

Wearing an Aviator Grey finish, this special Phantom Coupe has a contrasting matte hood, grille surround and window, while inside the cabin we notice the cockpit-like theme thanks to the combination of metal and wood.
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ikea store

Ikea to launch hotel line

ikea store

Swedish furniture giant Ikea plans a one-billion-euro move into the hotel sector, opening at least 100 hotels in Europe.

“We’ve been searching for property across Europe for a while and we’ll announce in a few weeks where we’ll open our own hotel,” Svenska Dagbladet quoted as saying Harald Mueller, the Ikea group executive in charge of the project.
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