Where do people in Singapore with high pay park their money? In Singapore or offshore?

It depends on how they use their pay. There are people earning a million a year but only have 50-100k cashflow surplus while some earns 200k and have 50k to 100k surplus too.

As for ultra High-Net Worth individuals, their monies will definitely be diversified across the 6 major asset classes

Cash
Bonds
Equities
Commodities
Properties
Insurances/UL

People with high salary not necessarily equals to people who are rich. Many people with high salary have high expenses resulting in them being wealth poor.

You might be surprise, but many rich people that I encounter with high wealth have ordinary salaries.

But it one thing for sure, people with high wealth, mostly put them into income producing assets.

I think overseas property q popular! And maybe birkin bags ba like Jamie Chua?

Property