Wealth in Singapore: Sizing the Market Opportunity
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Singapore is one of the world’s pre-eminent offshore investment centers, with 81% of the wealth invested in funds sourced from non-residents. However, the onshore market is a major source of assets under management (AUM) in its own right, with 1.0 million affluent individuals despite the city state’s small population. As a regional trading hub Singapore’s growth rates are closely tied to the health of regional powerhouses such as China, India, and Indonesia; however, even with growth slowing in some of these economies, Singapore’s wealth market will continue to post rates that are the envy of the developed world.
Scope
HNW individuals totaled 29,600 in 2015, a tiny proportion of the overall population and well below the levels seen in the US or Switzerland.
HNW liquid assets are expected to grow by roughly 7.5% a year between 2015 and 2019.
Bonds will be the fastest-growing asset class, but more due to greater availability than client demand.
While Singapore attracts significant offshore investment, residents are also keen to invest abroad – 34% of AUM is invested offshore.
Reasons to Buy
Benchmark your share of the Singaporean wealth market against the current market size.
Forecast your future growth prospects using our projections for the market to 2019.
Identify your most promising client segment by analyzing penetration of affluent individuals in Singapore.
Evaluate your HNW proposition by understanding the investment mix of the local onshore investment market.
Review your offshore strategy by learning HNW motivations for offshore investments and their preferred booking centers.
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