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HNWI Asset Allocation in Singapore 2013

Published By :


Published Date : Sep 2013

Category :

Wealth Management

No. of Pages : 60 Pages


This report is the result of WealthInsights extensive research covering the high net worth individual (HNWI) population and wealth management market in Singapore.
The report focuses on HNWI performance between the end of 2007 (the peak before the global financial crisis) and the end of 2012. This enables us to determine how well the country\'s HNWIs have performed through the crisis.


This report provides the latest asset allocations of UK HNWIs across 13 asset classes. The report also includes projections of the volume, wealth and asset allocations of Singapore HNWIs to 2017 and a comprehensive and robust background of the local economy.


  • Independent market sizing of Singapore HNWIs across five wealth bands
  • HNWI volume and wealth trends from 2008 to 2012
  • HNWI volume and wealth forecasts to 2017
  • HNWI and UHNWI asset allocations across 13 asset classes 
  • Insights into the drivers of HNWI wealth

Reasons To Buy

  • The WealthInsight Intelligence Center Database is an unparalleled resource and the leading resource of its kind. Compiled and curated by a team of expert research specialists, the database comprises dossiers on over 60,000 HNWIs from around the world.
  • The Intelligence Center also includes tracking of wealth and liquidity events as they happen and detailed profiles of major private banks, wealth managers and family offices in each market.
  • With the Database as the foundation for our research and analysis, we are able obtain an unsurpassed level of granularity, insight and authority on the HNWI and wealth management universe in each of the countries and regions we cover.
  • Report includes comprehensive forecasts to 2017.

Key Highlights

  • There were just over 183,000 HNWIs in Singapore in 2012. These HNWIs collectively held US$857 billion in wealth, which equated to 85.7% of the total individual wealth held in the country. 
  • Singaporean HNWIs outperformed the global average during the review period worldwide HNWI volumes decreased by 0.3% while Singapore HNWI numbers increased almost by 100%.
  • In 2012, Singapore HNWI numbers rose by 21.7%, following an increase of 4.2% in 2011.
  • Growth in HNWI wealth and volumes are expected to improve over the forecast period. The total number of Singaporean HNWIs is forecast to grow by 59% to reach over 291,579 in 2017. HNWI wealth is projected to grow by 63% to reach US$1.39 trillion by 2017. 
Table of Content

1.1 Details of this Report
1.2 Definitions


3.1 Political Background
3.2 Economic Background
3.3 Benchmarking Singapore Wealth in Context
3.3.1 World statistics
3.3.2 Distribution of wealth in Singapore
3.4 HNWI Volume and Wealth Trends

4.1 Analysis by Asset Classes
4.1.1 Trends in alternative assets
4.1.2 Trends in art, wine and wheels
4.1.3 Trends of investments in real estate
4.1.4 Trends of investments in cash and deposits
4.1.5 Trends of investments in fixed-income
4.1.6 Trends of investments in equities
4.1.7 Trends of investments in business interests
4.2 Analysis of Foreign Investments
4.2.1 Investments in Europe
4.2.2 Investments in North America (Including the US, Mexico and the Caribbean)
4.2.3 Investments in Asia-Pacific
4.2.4 Investments in South America
4.2.5 Investments in the Middle East
4.2.6 Investments in Africa
4.3 Alternative Breakdown: Liquid vs Investable Assets
4.4 Analysis of Singaporean UHNWI Investments

5.1 Additional Components of the Wealth Sector in Singapore
5.1.1 Philanthropy
5.1.2 Demand for Intergenerational Wealth Transfer
5.1.3 Human Resource Availability for the Wealth Management Industry
5.2 Regulations on Taxes
5.3 Regulations Related to Immigration, Investment and Employment
5.4 Economic Indicators
5.4.1 LC to US$ exchange rate
5.4.2 Real GDP growth
5.4.3 Per capita GDP
5.4.4 Domestic market capitalization
5.4.5 Commodity index
5.4.6 Foreign direct investment
5.4.7 Inflation rate
5.4.8 Interest rate
5.4.9 Balance of payments
5.4.10 Government debt
5.4.11 Stock market performance
5.5 Wealth Breakdowns


List of Table

Table 1: HNWI Wealth Band and Group Definitions
Table 2: Main Regions in Singapore
Table 3: Singaporean Allocations of HNWI Assets, 2008

List of Chart

Figure 1: HNWI Wealth Band Definitions
Figure 2: Map of Singapore
Figure 3: Singapore: Asset Price Performance, 20082012
Figure 4: Singapore HNWI Performance, 20082017
Figure 5: Singaporean HNWIs vs the World
Figure 6: Singaporean HNWIs Asset Class Composition, 20082017
Figure 7: Singaporean HNWIs Trends in Alternative Assets (in US$ Billion), 20082017
Figure 8: Singapore Trends in Art, Wine and Wheels, 20082012
Figure 9: Singaporean HNWIs Foreign Investment Allocation and Growth (Percentage), 20122017
Figure 10: Singaporean HNWIs Global Distribution of Foreign Investments, 20082017
Figure 11: Singaporean HNWIs Liquidity Breakdown (%), 20082017
Figure 12: Singapore UHNWIs Asset Class Composition, 20082017
Figure 13: SGD to US$ Exchange Rate, 20082017
Figure 14: Singapore Real GDP Growth (%), 20082017
Figure 15: Singapore GDP Per Capita, 20082017
Figure 16: Singapore Domestic Market Capitalization (US$ Billions) 20082012
Figure 17: Singapore Commodity Indices, 20082017
Figure 18: Singapore Foreign Direct Investments (US$ Billions) 20082017
Figure 19: Singapore Inflation Rate, 20082017
Figure 20: Singapore: Money Market Rate, 2008-2017
Figure 21: Singapore Balance of Payments (US$ Billions) 20082012
Figure 22: Singapore Government Debt to GDP, 20082017
Figure 23: Singapore Stock Market Performance, 20082017
Figure 24: Singapore HNWI Wealth vs GDP Ratio, 20082017
Figure 25: Singaporean HNWIs Volume by Wealth Band, 20082017
Figure 26: Singaporean HNWIs Wealth by Wealth Band (in US$ Billions), 20082017
Figure 27: Singaporean HNWIs Wealth Per Capita (in US$ Billions), 20082017

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