Wealth Landscape in Singapore: Market Sizing and Opportunities to 2022
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Singapore is one of the world's pre-eminent offshore investment centers, but its domestic market is a major source of assets under management (AUM) in its own right. Rising levels of affluence coupled with increasing numbers of Singaporean residents classed as HNW have made the domestic market attractive.
Affluent individuals represent over a quarter of the total adult population. The segment held 84.5% of the country's total onshore liquid assets in 2018, with HNW investors alone holding over a third of the country's wealth.
Singaporean HNW individuals hold the majority of their investments in liquid assets such as equities, mutual funds, deposits, and bonds - with investment in liquid assets accounting for 78.5% of their total investments in 2018. However, the proportion invested in illiquid investments has been steadily increasing, with the share of illiquid assets rising from 8.4% in 2008 to 21.5% in 2018.
The report "Wealth Landscape in Singapore: Market Sizing and Opportunities to 2022" analyzes Singapore's wealth and retail savings and investments markets, with a focus on the HNW segment. This includes overall affluent market size (both by number of individuals and the value of their liquid assets) as well as a breakdown of liquid versus illiquid HNW holdings.
The report also provides analysis of the factors driving liquid asset growth, including a breakdown and forecast of total retail savings and investments split by asset classes including deposits, mutual funds, equities, and bonds.