Synopsis
This report reviews the performance and asset allocations of Ultra HNWIs in Singapore, and highlights top-performing cities. It also includes an evaluation of the local wealth management industry.
Scope
• UHNWI volume, wealth and allocation trends from 2009 to 2013
• UHNWI volume, wealth and allocation forecasts to 2018
• UHNWI asset allocations across 13 asset classes
• Number of UHNWIs in each state and all major cities
• Fastest growing cities and states for UHNWIs (2009-2013)
• Number of wealth managers in each city
• City wise ratings of wealth management saturation and potential
• Details of the development, challenges and opportunities of the Wealth Management and Private Banking sector in Singapore
• Size of Singapore wealth management industry
• Largest domestic private banks by AuM
• Detailed wealth management and family office information
• Insights into the drivers of HNWI wealth
Summary
• This report is the result of WealthInsight’s 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 2008 (the peak before the global financial crisis) and the end of 2013. This enables us to determine how well the country's UHNWIs have performed through the crisis.
Reasons To Buy
• The Ultra HNWIs in Singapore 2014 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.
• With the wealth reports 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 2018.
• Also provides detailed information on UHNWIs in each major city.
Key highlights
• There were 3,154 UHNWIs in Singapore in 2013 with an average wealth of US$100.1 million, making them a prime target group for wealth sector professionals. Of this total, there were 25 billionaires, 751 centimillionaires and 2,378 affluent millionaires.
• UHNWIs accounted for 2.1% of the total Singaporean HNWI population in 2013; higher than the global average of 0.7%. The number of UHNWIs in Singapore increased by 28.1% during the review period, rising from 2,462 in 2009 to 3,154 in 2013.
• While the number of billionaires increased by 150.0%, the number of centimillionaires and affluent millionaires increased by 26.6% and 27.8% respectively.
• WealthInsight expects the number of UHNWIs to increase by 18.6%, to reach 3,828 in 2018. This will comprise 32 billionaires, 912 centimillionaires and 2,884 affluent millionaires.
Table Of Contents
1 Introduction
1.1 Details of this Report
1.2 Definitions
2 Executive Summary
3 Wealth Sector Fundamentals
3.1 Political Background
3.2 Economic Background
3.3 Benchmarking Singapore’s Wealth in Context
3.3.1 Distribution of wealth in Singapore
3.4 HNWI Volume and Wealth Trends
4 Findings from the WealthInsight HNWI Database
4.1 Trends in HNWI Wealth to 2018
4.1.1 HNWI trend analysis
4.1.2 Wealth band trends
4.1.3 Demographic breakdown of HNWIs
4.1.4 HNWIs - job titles
4.1.5 HNWIs - industry breakdown
4.1.6 HNWIs - industry performance
4.2 UHNWIs
4.2.1 UHNWI volume trend analysis
4.2.2 UHNWI wealth trend analysis
4.2.3 Demographic breakdown of UHNWIs
4.2.4 UHNWIs - industry breakdown
4.3 UHNWIs - Billionaires
4.3.1 Billionaire volume trend analysis
4.3.2 Billionaire wealth trend analysis
4.3.3 Billionaire per capita net worth trend analysis
4.3.4 List of billionaires
4.4 UHNWIs - Centimillionaires
4.4.1 Centimillionaire volume trend analysis
4.4.2 Centimillionaire wealth trend analysis
4.4.3 Centimillionaire per capita net worth trend analysis
4.5 UHNWIs - Affluent Millionaires
4.5.1 Affluent millionaire volume trend analysis
4.5.2 Affluent millionaire wealth trend analysis
4.5.3 Affluent millionaire per capita net worth trend analysis
4.6 Core HNWIs
4.6.1 Core HNWI volume trend analysis
4.7 Core HNWIs - Mid-Tier Millionaires
4.7.1 Mid-tier millionaire volume trend analysis
4.7.2 Mid-tier millionaire wealth trend analysis
4.7.3 Mid-tier millionaire per capita net worth trend analysis
4.8 Core HNWIs - Lower-Tier Millionaires
4.8.1 Lower-tier millionaire volume trend analysis
4.8.2 Lower-tier millionaire wealth trend analysis
4.8.3 Lower-tier millionaire per capita net worth trend analysis
5 Analysis of Singaporean HNWI Investments
5.1 Analysis by Asset Class
5.1.1 Trends in alternative assets
5.1.2 Trends in ‘art, wine and wheels’
5.1.3 Trends of investments in real estate
5.1.4 Investments trends in cash and deposits
5.1.5 Investments trends in fixed-income
5.1.6 Investment trends in equity
5.1.7 Investment trends in business interests
5.2 Analysis of Foreign Investments
5.2.1 Investments in Europe
5.2.2 Investments in North America (including the US, Singapore and the Caribbean)
5.2.3 Investments in the Asia-Pacific
5.2.4 Investments in Central and South America
5.2.5 Investments in the Middle East
5.2.6 Investments in Africa
5.3 Alternative Breakdown: Liquid vs Investable Assets
5.4 Analysis of Singaporean UHNWI Investments
6 Competitive Landscape of the Wealth Sector
6.1 Competitive Landscape
6.1.1 Domestic private banks
6.1.2 Wealth managers
6.1.3 Family offices
6.1.4 Financial advisors
6.2 Developments in the Singaporean Private Banking Industry
6.3 Singaporean Wealth Management Industry - Clientele Model and Maturity
6.4 Behavioral Mapping of Wealth Management and Private Banking in Singapore
7 Appendix
7.1 Tax Regulations
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 - inflow and outflow
7.2.7 Inflation
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 Breakdown
8 About WealthInsight
List Of Tables
Table 1: HNWI Wealth Band and Group Definitions
Table 2: Singaporean HNWIs - Volume Distribution (%), 2013
Table 3: Singaporean HNWIs - Wealth Distribution (%), 2013
Table 4: Singaporean HNWIs - Industry Performance, 2009-2013
Table 5: Singaporean UHNWIs - Gender Performance, 2009-2013
Table 6: Singaporean UHNWIs - Sources of Wealth (%), 2013
Table 7: Singaporean Billionaires - Market Overview (US$ Billion), 2009-2018
Table 8: Top Seven Singaporean Billionaires (US$ Billion), 2013
Table 9: Singaporean Billionaire Wealth Growth, 2009?2013
Table 10: Singaporean Centimillionaires - Market Overview, 2009-2018
Table 11: Singaporean Affluent Millionaires - Market Overview, 2009-2018
Table 12: Singaporean Mid-Tier Millionaires - Market Overview, 2009-2018
Table 13: Singaporean Lower-Tier Millionaires - Market Overview, 2009-2018
Table 14: Singaporean Allocations of HNWI Assets, 2009-2018
Table 15: Singaporean HNWIs ? Holdings Growth (%), 2009-2018
Table 16: Singaporean HNWIs - Alternative Asset Composition (%), 2009-2018
Table 17: Singaporean HNWIs - Trends of Investments in Alternative Assets (%), 2009-2018
Table 18: Singaporean Trends in ‘Art, Wine and Wheels’, 2009-2013
Table 19: Global Prime Real Estate Prices per m2 (US$), 2014
Table 20: Singaporean HNWIs - Foreign Investment Allocations (%), 2009-2018
Table 21: Singaporean HNWIs - Liquidity Breakdown (US$ Billion), 2009-2018
Table 22: Singaporean HNWIs - Liquidity Breakdown (%), 2009-2018
Table 23: Singaporean UHNWIs - Allocations and Share of HNWI Assets, 2013
Table 24: Leading Private Banks in Singapore by AuM (US$ Million), 2013
Table 25: Singaporean Wealth Managers, 2013
Table 26: Singaporean Family Offices, 2013
Table 27: Wealth Management Industry - Recent Deal Activity in Singapore, 2013-2014
Table 28: Singaporean Income Tax Bands (SGD), 2013
Table 29: SGD per US$ Exchange Rate, 2009-2018
Table 30: Singaporean Real GDP Growth (%), 2009-2018
Table 31: Singaporean GDP per Capita (US$), 2009-2018
Table 32: Singaporean Domestic Market Capitalization (US$ Billion), 2009-2013
Table 33: Singaporean Commodity Indices, 2009-2018
Table 34: Singaporean Foreign Direct Investments (US$ Billion), 2009-2018
Table 35: Singaporean Inflation Rate (%), 2009-2018
Table 36: Singaporean Interest Rate (%), 2009-2018
Table 37: Singaporean Balance of Payments (US$ Billion), 2009-2013
Table 38: Singaporean Government Debt as a Percentage of GDP (%), 2009-2018
Table 39: Singaporean Stock Market Performance, 2009-2013
Table 40: Singaporean HNWI Wealth vs GDP Ratio (%), 2009-2018
Table 41: Singapore - Appendix One
Table 42: Singapore - Appendix Two
List Of Figures
Figure 1: HNWI Wealth Band Definitions
Figure 2: Map of Singapore
Figure 3: Singaporean Asset Price Performance, 2009-2013
Figure 4: Singaporean HNWI Performance, 2009-2018
Figure 5: Singaporean vs Global HNWIs, 2008-2015
Figure 6: Singaporean HNWIs - Growth Factor Correlation, 2009-2013
Figure 7: Singaporean HNWIs - Volume Distribution Wealth Pyramid, 2013
Figure 8: Singaporean HNWIs - Wealth Distribution Wealth Pyramid (%), 2013
Figure 9: Singaporean HNWIs - Age Distribution (%), 2013
Figure 10: Singaporean HNWIs - Job Titles, 2009-2013
Figure 11: Singaporean HNWIs - Distribution by Industry (%), 2013
Figure 12: Singaporean UHNWIs - Wealth Share vs Volume Growth (%), 2009-2013
Figure 13: Singaporean UHNWIs - Volume by Wealth Band, 2009-2018
Figure 14: Singaporean UHNWIs - Wealth by Wealth Band (US$ Billion), 2009-2018
Figure 15: Singaporean UHNWIs - Age Distribution (Percentage Share), 2013
Figure 16: Singaporean UHNWIs - Distribution by Industry (%), 2013
Figure 17: Singaporean Billionaires - Market Overview, 2009-2018
Figure 18: Singaporean Centimillionaires - Market Overview, 2009-2018
Figure 19: Singaporean Affluent Millionaires - Market Overview, 2009-2018
Figure 20: Singaporean Mid-Tier Millionaires - Market Overview, 2009-2018
Figure 21: Singaporean Lower-Tier Millionaires - Market Overview, 2009-2018
Figure 22: Singaporean HNWIs - Asset Class Composition, 2009-2018
Figure 23: Singaporean HNWIs - Trends in Alternative Assets (US$ Billion), 2009-2018
Figure 24: Singaporean Trends in ‘Art, Wine and Wheels’, 2009-2013
Figure 25: Singaporean HNWIs - Foreign Investment Allocation and Growth (%), 2013
Figure 26: Singaporean HNWIs - Global Distribution of Foreign Investments, 2009-2018
Figure 27: Singaporean HNWIs - Liquidity Breakdown (%), 2009-2018
Figure 28: Singaporean UHNWIs - Asset Class Composition (%), 2009-2018
Figure 29: Singaporean Wealth Management Industry - Maturity Level of Operators
Figure 30: Singaporean Wealth Management Industry - Behavioral Mapping, 2013
Figure 31: SGD to US$ Exchange Rate, 2009-2018
Figure 32: Singaporean Real GDP Growth (%), 2009-2018
Figure 33: Singaporean GDP per Capita (US$), 2009-2018
Figure 34: Singaporean Domestic Market Capitalization (US$ Billion), 2009-2013
Figure 35: Singaporean Commodity Indices, 2009-2018
Figure 36: Singaporean Foreign Direct Investments (US$ Billion), 2009-2018
Figure 37: Singaporean Inflation Rate (%), 2009-2018
Figure 38: Singaporean Interest Rate (%), 2009-2018
Figure 39: Singaporean Balance of Payments (US$ Billion), 2009-2013
Figure 40: Singaporean Government Debt as a Percentage of GDP (%), 2009-2018
Figure 41: Singaporean Stock Market Performance, 2009-2013
Figure 42: Singaporean HNWI Wealth vs GDP Ratio (%), 2009-2018
Figure 43: Singaporean HNWIs - Volume by Wealth Band, 2009-2018
Figure 44: Singaporean HNWIs - Wealth by Wealth Band (US$ Billion), 2009-2018
Figure 45: Singaporean HNWIs - Wealth per Capita (US$ Million), 2009-2018
