Singapore Wealth Report 2015

Synopsis
This report is the result of WealthInsights extensive research covering the high net worth individual (HNWI) population and wealth management market in Singapore.

Scope
• Independent market sizing of Singaporean HNWIs in five wealth bands

• HNWI volume, wealth and allocation trends from 2010 to 2014

• HNWI volume, wealth and allocation forecasts to 2019

• HNWI and UHNWI asset allocations in 13 asset classes

• Geographical breakdown of all foreign assets

• Alternative breakdown of liquid vs investable assets

• Details of the development, challenges and opportunities of the Wealth Management and Private Banking sector in Singapore.

• The size of the Singaporean wealth management industry

• Private banks

• Detailed wealth management and family office information

• Insights into the drivers of HNWI wealth

Summary
This report reviews the performance and asset allocations of HNWIs and Ultra HNWIs in Singapore. It also includes an evaluation of the local wealth management market.

Reasons To Buy
• Singapore Wealth Report 2015 is an unparalleled resource and the leading resource of its kind. Compiled and curated by a team of expert research specialists, the report comprises a wide variety of data that is created based on over 154,189 HNWIs from around the world in our database.

• With the wealth reports as the foundation for its research and analysis, WealthInsight is able to obtain an unsurpassed level of granularity, insight and authority on the HNWI and wealth management universe in each of the countries and regions it covers.

• The report reviews the performance and asset allocations of HNWIs and ultra-HNWIs. The report also includes projections of the volume, wealth and asset allocations of HNWIs to 2019, and a comprehensive background of the local economy.

• The report provides a thorough analysis of the private banking and wealth management sector, the latest merger and acquisition activity, and the opportunities and challenges that it faces.

Key highlights
• There were 154,189 HNWIs in Singapore in 2014. These HNWIs held US$806.3 billion in wealth.

• The volume of Singaporean HNWIs rose by 2.1% in 2014, following an increase of 2.3% in 2013.

• Growth in HNWI wealth and numbers is expected to improve over the forecast period.

• The number of Singaporean HNWIs is forecast to grow by 18.3%, to reach 187,975 in 2019, while HNWI wealth is projected to grow by 27.6%, to reach US$1.1 trillion by the same year.

Table Of Contents
1 Introduction
1.1 Details of this Report
1.2 Definitions
2 Executive Summary
3 Singapore Key Facts
4 Distribution of Wealth in Singapore
4.1 HNWI Volume and Wealth Trends
5 Findings from the WealthInsight HNWI Database
5.1 Trends in HNWI Wealth to 2019
5.1.1 HNWI trend analysis
5.1.2 Wealth band trends
5.1.3 Demographic breakdown of HNWIs
5.1.4 HNWIs - job titles
5.1.5 HNWIs - industry breakdown
5.1.6 HNWIs - industry performance
5.2 UHNWIs
5.2.1 UHNWI volume trend analysis
5.2.2 UHNWI wealth trend analysis
5.2.3 Demographic breakdown of UHNWIs
5.2.4 UHNWIs - industry breakdown
5.3 UHNWIs - Billionaires
5.3.1 Billionaire volume trend analysis
5.3.2 Billionaire wealth trend analysis
5.3.3 Billionaire per capita net worth trend analysis
5.3.4 List of billionaires
5.4 UHNWIs - Centimillionaires
5.4.1 Centimillionaire volume trend analysis
5.4.2 Centimillionaire wealth trend analysis
5.4.3 Centimillionaire per capita net worth trend analysis
5.5 UHNWIs - Affluent Millionaires
5.5.1 Affluent millionaire volume trend analysis
5.5.2 Affluent millionaire wealth trend analysis
5.5.3 Affluent millionaire per capita net worth trend analysis
5.6 Core HNWIs
5.6.1 Core HNWI volume trend analysis
5.7 Core HNWIs - Mid-Tier Millionaires
5.7.1 Mid-tier millionaire volume trend analysis
5.7.2 Mid-tier millionaire wealth trend analysis
5.7.3 Mid-tier millionaire per capita net worth trend analysis
5.8 Core HNWIs - Lower-Tier Millionaires
5.8.1 Lower-tier millionaire volume trend analysis
5.8.2 Lower-tier millionaire wealth trend analysis
5.8.3 Lower-tier millionaire per capita net worth trend analysis
6 Analysis of Singaporean HNWI Investments
6.1 Analysis by Asset Class
6.1.1 Trends in alternative assets
6.1.2 Trends in ‘art, wine and wheels’
6.1.3 Trends of investment in real estate
6.1.4 Trends of investment in cash and deposits
6.1.5 Trends of investment in fixed-income
6.1.6 Investment trends in equity
6.1.7 Investments trends in business interests
6.2 Analysis of Foreign Investments
6.2.1 Investments in Europe
6.2.2 Investments in North America (including the US, Mexico and Caribbean)
6.2.3 Investments in Asia-Pacific
6.2.4 Investments in South America
6.2.5 Investments in the Middle East
6.2.6 Investments in Africa
6.3 Alternative Breakdown: Liquid vs. Investable Assets
6.4 Analysis of Singaporean UHNWI Investments
7 Competitive Landscape
7.1 Additional Components of the Wealth Sector in Singapore
7.1.1 Domestic private banks
7.1.2 Foreign private banks
7.1.3 Wealth managers
7.1.4 Family offices
7.2 Key Drivers
7.2.1 SGD to US$ exchange rate
7.2.2 Real GDP growth
7.2.3 Per capita GDP
7.2.4 Domestic market capitalization
7.2.5 Commodity index
7.2.6 Foreign direct investments (FDI) - inflows and outflows
7.2.7 Inflation rate
7.2.8 Interest rate
7.2.9 Balance of payments
7.2.10 Government debt
7.2.11 Stock market performance
7.3 Wealth Breakdowns
8 About WealthInsight

List Of Tables
Table 1: HNWI Wealth Band and Group Definitions
Table 2: Singaporean HNWIs - Volume Distribution (%), 2014
Table 3: Singaporean HNWIs - Wealth Distribution Wealth Pyramid (%), 2014
Table 4: Singaporean HNWIs - Industry Performance (%), 2010-2014
Table 5: Singaporean HNWI Source of Wealth (%), 2014
Table 6: Singaporean UHNWI Gender Performance (%), 2010-2014
Table 7: Singaporean Billionaires Market Overview (Volume and US$ Billions) 2010-2019
Table 8: Singaporean Billionaire Wealth Growth (US$ Billion), 2010?2014
Table 9: Singaporean Top-10 Billionaires (US$ Billion), 2014
Table 10: Singaporean Centimillionaires Market Overview (Volume and US$ Million/Billion), 2010-2019
Table 11: Singaporean Affluent Millionaires Market Overview (Volume and US$ Million/Billion), 2010-2019
Table 12: Singaporean Mid-Tier Millionaires Market Overview (Volume and US$ Million/Billion), 2010-2019
Table 13: Singaporean Lower-Tier Millionaires Market Overview (Volume and US$ Million/Billion), 2010-2019
Table 14: Singaporean Allocations of HNWI Assets (%), 2010-2019
Table 15: Singaporean HNWIs ? Holdings Growth (%), 2010-2019
Table 16: Singaporean HNWI Alternative Asset Composition (%), 2010-2019
Table 17: Singaporean HNWI Trends of Investments in Alternative Assets (%), 2010-2019
Table 18: Singaporean Trends in ‘Art, Wine and Wheels’, 2010-2014
Table 19: Global Prime Real Estate Prices per m2 (US$), 2014
Table 20: Singaporean HNWI Foreign Investment Allocations (%), 2010-2019
Table 21: Singaporean HNWI Liquidity Breakdown (US$ Billion), 2010-2019
Table 22: Singaporean HNWI Liquidity Breakdown (%), 2010-2019
Table 23: Singaporean UHNWI Allocations and Share of HNWI Assets (%), 2014
Table 24: SGD to US$ Exchange Rate, 2010-2019
Table 25: Singaporean Real GDP Growth (%), 2010-2019
Table 26: Singaporean GDP Per Capita (US$), 2010-2019
Table 27: Singaporean Domestic Market Capitalization (US$ Billion), 2010-2014
Table 28: Singaporean Commodity Indices, 2010-2019
Table 29: Singaporean Foreign Direct Investments (US$ Billion), 2010-2019
Table 30: Singaporean Inflation Rate (%), 2010-2019
Table 31: Singaporean Money Market Rate (%), 2010-2019
Table 32: Singaporean Balance of Payments (US$ Billion), 2010-2014
Table 33: Singaporean Government Debt as a Percentage of GDP (%), 2010-2019
Table 34: Singaporean Stock Market Performance (Index), 2010-2014
Table 35: Singaporean HNWI Wealth vs. GDP Ratio (%), 2010-2019
Table 36: Singapore - Appendix One
Table 37: Singapore - Appendix Two

List Of Figures
Figure 1: HNWI Wealth Band Definitions
Figure 2: Map of Singapore
Figure 3: Singaporean Asset Price Performance (%), 2010-2014
Figure 4: Singaporean HNWI Performance (US$ Billion and HNWI Volume), 2010-2019
Figure 5: Singaporean vs Global HNWIs (%), 2010-2019
Figure 6: Singaporean HNWIs - Growth Factor Correlation, 2010-2014
Figure 7: Singaporean HNWIs - Wealth Pyramid (Volume Distribution), 2014
Figure 8: Singaporean HNWIs - Wealth Pyramid (Volume Distribution), 2014
Figure 9: Singaporean HNWIs - Age Distribution (%), 2014
Figure 10: Singaporean HNWIs - Job Titles (%), 2010-2014
Figure 11: Singaporean HNWIs - Distribution by Industry (%), 2014
Figure 12: Singaporean UHNWIs Wealth Share vs Volume Growth (%), 2010-2014
Figure 13: Singaporean UHNWIs Volume by Wealth Band (Thousand), 2010-2019
Figure 14: Singaporean UHNWI Wealth by Wealth Band (US$ Billion), 2010-2019
Figure 15: Singaporean UHNWI Age Distribution (Percentage Share), 2014
Figure 16: Singaporean UHNWI Distribution by Industry (%), 2014
Figure 17: Singaporean Billionaires Market Overview (Volume and US$ Billion), 2010-2019
Figure 18: Singaporean Centimillionaires Market Overview (Volume and US$ Million/Billion), 2010-2019
Figure 19: Singaporean Affluent Millionaires Market Overview (Volume and US$ Million/Billion), 2010-2019
Figure 20: Singaporean Mid-Tier Millionaires Market Overview (Volume and US$ Million/Billion), 2010-2019
Figure 21: Singaporean Lower-Tier Millionaires Market Overview (Volume and US$ Million/Billion), 2010-2019
Figure 22: Singaporean HNWI Asset Class Composition (%), 2010-2019
Figure 23: Singaporean HNWI Trends in Alternative Assets (US$ Billion), 2010-2019
Figure 24: Singaporean Trends in ‘Art, Wine and Wheels’, 2010-2014
Figure 25: Singaporean HNWI Foreign Investment Allocation and Growth (%), 2014
Figure 26: Singaporean HNWIs - Global Distribution of Foreign Investments (%), 2010-2019
Figure 27: Singaporean HNWI Liquidity Breakdown (%), 2010-2019
Figure 28: Singaporean UHNWI Asset Class Composition (%), 2010-2019
Figure 29: Singaporean Exchange Rate - SGD to US$, 2010-2019
Figure 30: Singaporean Real GDP Growth (%), 2010-2019
Figure 31: Singaporean GDP Per Capita (US$), 2010-2019
Figure 32: Singaporean Domestic Market Capitalization (US$ Billion), 2010-2014
Figure 33: Singaporean Commodity Indices, 2010-2019
Figure 34: Singaporean Foreign Direct Investments (US$ Billion), 2010-2019
Figure 35: Singaporean Inflation Rate (%), 2010-2019
Figure 36: Singaporean Money Market Rate (%), 2010-2019
Figure 37: Singaporean Balance of Payments (US$ Billion), 2010-2014
Figure 38: Singaporean Government Debt as a Percentage of GDP (%), 2010-2019
Figure 39: Singaporean Stock Market Performance (Index), 2010-2014
Figure 40: Singaporean HNWI Wealth vs. GDP Ratio (%), 2010-2019
Figure 41: Singaporean HNWIs - Volume by Wealth Band, 2010-2019
Figure 42: Singaporean HNWIs - Wealth by Wealth Band (US$ Billion), 2010-2019
Figure 43: Singaporean HNWIs - Wealth per Capita (US$ Million), 2010-2019