1,400 people from Singapore have US$50m or more in net assets

Romesh Navaratnarajah8 Mar 2018

Marina Bay Sands Resort resized

View of Marina Bay Sands Resort in Singapore.

Singapore’s ultra-wealthy population surged to 1,400 individuals in 2017, up 18 percent from 1,190 the year before, according to Knight Frank’s 2018 Wealth Report unveiled today.

The report defines ultra-wealthy individuals as those with US$50 million (S$65.8 million) or more in
net assets.

Over the next five years, Singapore’s super-rich population is expected to grow by 11 percent to 1,550 in 2022.

Globally, the number of ultra-wealthy individuals rose by 10 percent year-on-year to 11,630, taking the overall population to 129,730.

Knight Frank attributed the rise in affluence to the booming global economy, which is lifting GDP as well as stock and property markets.

Check out luxury properties for sale in Singapore.


Romesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email romesh@propertyguru.com.sg


You may also like these articles

Property agents wooing wealthy Chinese buyers

The growing number of cash-rich Chinese home buyers is providing Singapore property agents a wealth of opportunities. While other real estate agents are holding roadshows in China, some are taking a m

Continue Reading15 Jul 2011

Ultra-wealthy prefer residential property as investment

Property remains the favoured asset class among Ultra High Net Worth Individuals (UHNWIs), with almost a quarter of their investment portfolio accounted for by property, according to Knight Frank&rsqu

Continue Reading7 Mar 2014

Wealthy Malaysians favour Singapore property

Singapore is a popular property investment destination for wealthy Malaysians. (Photo: William Cho / Wikimedia Commons) Singapore was ranked the second top choice for wealthy Malaysians who can aff

Continue Reading22 Mar 2016