SG becomes the leading wealth capital in APAC

Singapore attained an average score of 0.79.

According to Knight Frank's inaugural "Rise of the Super Wealth Hub" series, Singapore positions itself as the centre and leading wealth capital in APAC.

This assessment uses six comprehensive indicators that measure a country’s life, work, and play aspects. This includes urban prosperity, governance and talent, legal framework, enterprise excellence, lifestyle, and opulence.

All indicators are scaled from zero to one, with one representing the highest achievement and zero the lowest.

Singapore has attained an average score of 0.79, the highest in Asia-Pacific with individual ratings of 0.98 for legal framework, 0.97 for enterprise excellence, 0.91 for lifestyle, 0.75 for urban prosperity, and 0.69 for governance and talent.

However, Singapore’s score on the opulence aspect stands at 0.47 due to its small size, limiting the development of land-extensive recreational facilities.

The region's growing middle class and entrepreneurs are among the major contributors to the surge in wealth, with Singapore at the lead. Consequently, Singapore's real estate market received a boost and foreign investments increased by 47%.

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