
Find out how Singapore’s high-net worth individuals are investing their money
Real estate investments are still their first choice.
The population of high net worth individuals in Singapore grew to 105,000 in 2013, while their wealth to US$ 523 billion in 2013.
According to the Asia-Pacific Wealth Report 2014, Singapore’s HNWI population and wealth growth was below the regional average as a result of challenged equity markets.
The report showed that 39.3% of Singapore HNWIs, compared to just 31.0% in early 2013, demonstrated a greater focus on wealth growth than wealth preservation (18.7%).
Singapore’s HNWIs allocated the balance of their portfolio to real estate (22.8%), equities (14.4%), fixed income (12.5%), and alternative investments (14.4%), with most (19.9%) of their alternative investments being in structured products.
They favored cash and cash equivalents over all other investments, allocating 27.1% (up from 22.6%) of their portfolio.
Singapore HNWIs’ trust in wealth managers and markets increased slightly to 72% and 66%, while trust in firms and regulatory bodies declined to 68% and 73%.
Looking ahead, 7% of Singapore’s HNWIs are confident in their ability to generate wealth in the near future.