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Wealth in Singapore: Sizing the Market Opportunity

Wealth in Singapore: Sizing the Market Opportunity

  • May 2016
  • 45 pages
  • ID: 3375689
In this report:
For example, following the global financial crisis and the resulting recession in 2008, Singapore experienced ##.##% growth in the first quarter of 2010 followed by a decline of ##.##% later in the same year.
Inflation, according to the same MAS survey of economists, is expected to moderate as well over the course of 2016, with the consumer price index set to drop to -##.##% for 2016.


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Singapore (SG) is one of the world's pre-eminent offshore investment centers, with 81.0 percent of the wealth invested in funds sourced from non-residents. However, the onshore market is a main source of assets under management 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 including China, India (IN), and Indonesia (ID); 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.

Main highlights

- HNW individuals totaled 29,600 in 2015, a tiny proportion of the global population and well below the levels seen in the U.S. or Switzerland.

- HNW liquid assets are anticipated to grow by roughly 7.50 percent a year between 2015 and 2019.

- Bonds will be the quickest-increasing asset class, but more due to better availability than client demand.

- While Singapore (SG) attracts meaningful offshore investment, residents are also keen to invest abroad - 34.0 percent of AUM is invested offshore


Verdict Financial's "Wealth in Singapore (SG): Sizing the Market Opportunity" examines the Singaporean wealth and retail savings and investments markets, with a focus on the HNW segment. The market research is based on our proprietary datasets.

Specifically the report:

- Sizes the affluent market (both by the number of individuals and the value of their liquid assets) using our proprietary datasets.

- Analyzes which asset classes are favored by Singaporean retail investors and how their preferences impact the growth of the global savings and investments market.

- Examines HNW clients' attitudes towards non-liquid investments, including hedge funds, property and commodities.

- Determines main drivers and booking centers for offshore investments by Singaporean HNW clients.

Great reasons to purchase

- Benchmark your share of the Singaporean wealth market against the current market size.

- Forecast your future growth prospects using our projections for the sector to 2019.

- Identify your most favorable client segment by analyzing penetration of affluent individuals in Singapore (SG).

- 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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