In 2023, there were ***** ultra-high net worth individuals residing in Singapore. This was forecasted to increase to ***** in 2026.

The wealth expectancy of the emerging affluent reached about *** thousand U.S. dollars in Singapore. The average wealth expectancy of Singapore's wealth creators (all three groups combined) amounted to about *** million U.S. dollars.

The Asia-Pacific (APAC) wealth management market, currently valued at $31.80 billion in 2025, is projected to experience robust growth, driven by a burgeoning high-net-worth individual (HNWI) population, rising disposable incomes, and increasing financial literacy across the region. The market's compound annual growth rate (CAGR) of 8.12% from 2025 to 2033 indicates a significant expansion, with substantial contributions from key markets like India, China, and Japan. This growth is fueled by several key trends, including the rising adoption of digital wealth management platforms, increasing demand for personalized financial advice, and growing awareness of sophisticated investment strategies. However, regulatory changes and geopolitical uncertainties pose potential restraints to the market's trajectory. The market is segmented by client type (HNWI, retail/individuals, others), provider (private banks, independent asset managers, family offices, fintech advisors), and geography (India, Japan, China, Singapore, Indonesia, Malaysia, Vietnam, Hong Kong, and the rest of Asia-Pacific). Major players like UBS, Citi Private Bank, HSBC Private Bank, and BlackRock are intensely competing for market share, leveraging their global networks and specialized expertise. The continued economic expansion across APAC and the increasing sophistication of investors are set to drive further growth and innovation in the coming years. The competitive landscape is characterized by both established global players and local firms. Private banks continue to dominate the market, offering comprehensive wealth management services. However, the rise of independent asset managers and fintech companies is disrupting the traditional model, offering specialized services and digitally enabled platforms. China's growth, in particular, is expected to significantly contribute to overall market expansion, driven by its rapidly expanding HNWI population and government initiatives to promote domestic wealth management. Furthermore, increasing cross-border investments and the growing demand for wealth preservation and succession planning services are further enhancing market dynamics. While regulatory challenges and market volatility remain, the long-term outlook for the APAC wealth management market remains optimistic, projecting substantial growth and transformation in the next decade. Recent developments include: June 2023: BlackRock, the world's leading provider of investment, advisory, and risk management solutions, partnered with Avaloq Unveil, a wealth management technology and services provider. The aim was to provide integrated technology solutions, meeting the evolving needs of wealth managers., March 2023: UBS, a leading investment bank and financial services company, acquired Credit Suisse, a global investment bank and financial services company, to strengthen UBS’s position as the top international wealth and asset manager.. Key drivers for this market are: Diverse Range of Investment Opportunities in the Region Drives the Market. Potential restraints include: Diverse Range of Investment Opportunities in the Region Drives the Market. Notable trends are: Fintech Drives the Market.

According to a survey, about ** percent of affluent respondents stated that they favor savings accounts to achieve their financial goals. The average wealth expectancy of Singapore's affluent amounted to about *** million U.S. dollars.

According to a survey, about ** percent of affluent respondents stated that their main financial goal is to fund their children's education. The average wealth expectancy of Singapore's affluent amounted to about *** million U.S. dollars.

Net foreign assets (current LCU) in Singapore was reported at 407826985350 LCU in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources. Singapore - Net foreign assets (current LCU) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

The household sector balance sheet is largely compiled based on the conceptual framework underpinning the System of National Accounts. The household sector consists of all household institutional units, including Singapore citizens, permanent residents, foreigners and unincorporated enterprises (e.g., sole proprietorships) that have engaged in economic activities in Singapore for at least a year.

Singapore SG: GDP: Growth: Adjusted Net National Income data was reported at 2.983 % in 2016. This records an increase from the previous number of 0.168 % for 2015. Singapore SG: GDP: Growth: Adjusted Net National Income data is updated yearly, averaging 6.464 % from Dec 1972 (Median) to 2016, with 45 observations. The data reached an all-time high of 23.556 % in 2010 and a record low of -6.632 % in 2008. Singapore SG: GDP: Growth: Adjusted Net National Income data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Singapore – Table SG.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Adjusted net national income is GNI minus consumption of fixed capital and natural resources depletion.; ; World Bank staff estimates based on sources and methods described in 'The Changing Wealth of Nations 2018: Building a Sustainable Future' (Lange et al 2018).; Weighted average;

Net acquisition of financial assets (% of GDP) in Singapore was reported at 14.84 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Singapore - Net acquisition of financial assets (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

Adjusted net national income per capita (current US$) in Singapore was reported at 50690 USD in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. Singapore - Adjusted net national income per capita - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Singapore SG: BOP: Current Account: Primary Income: Net data was reported at -11.519 USD bn in 2017. This records an increase from the previous number of -15.998 USD bn for 2016. Singapore SG: BOP: Current Account: Primary Income: Net data is updated yearly, averaging -127.610 USD mn from Dec 1972 (Median) to 2017, with 46 observations. The data reached an all-time high of 1.962 USD bn in 1997 and a record low of -15.998 USD bn in 2016. Singapore SG: BOP: Current Account: Primary Income: Net data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Singapore – Table SG.World Bank.WDI: Balance of Payments: Current Account. Net primary income refers to receipts and payments of employee compensation paid to nonresident workers and investment income (receipts and payments on direct investment, portfolio investment, other investments, and receipts on reserve assets). Data are in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; ; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

Adjusted net national income (annual % growth) in Singapore was reported at 12.86 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. Singapore - Adjusted net national income (annual % growth) - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

Adjusted net national income per capita (annual % growth) in Singapore was reported at 17.67 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. Singapore - Adjusted net national income per capita (annual % growth) - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

The wealth aspiration of the emerging affluent amounted to about 5.14 thousand U.S. dollars in Singapore. On the contrary, the current income of the emerging affluent stood at 4.78 thousand U.S. dollars.

Net primary income (BoP, current US$) in Singapore was reported at --88990071594 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Singapore - Net income (BoP, current US$) - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

Net primary income (Net income from abroad) (current US$) in Singapore was reported at --88990093794 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Singapore - Net income from abroad - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

The Singapore Luxury Residential Real Estate Market was valued at USD 15.8 Billion in 2024 is projected to reach USD 22.97 Billion by 2032, growing at a CAGR of 4.8% from 2026 to 2032.

Singapore Luxury Residential Real Estate Market: Definition/ Overview

Luxury residential real estate refers to high-end, premium properties with superior design, high-quality construction, unique facilities, and great locations that cater to wealthy buyers and investors. Luxury residential real estate is typically utilized for private living, holiday residences, and investments. These properties are frequently found in exclusive districts, attracting wealthy individuals, expatriates, and high-net-worth investors.

Adjusted net national income (current US$) in Singapore was reported at 276441220735 USD in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. Singapore - Adjusted net national income - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

Net foreign assets of Singapore shot up by 32.08% from 308,762,073,949.0 LCU in 2019 to 407,826,985,349.8 LCU in 2020. Since the 1.78% dip in 2018, net foreign assets soared by 31.22% in 2020. Net foreign assets are the sum of foreign assets held by monetary authorities and deposit money banks, less their foreign liabilities. Data are in current local currency.

Dataset from Singapore Department of Statistics. For more information, visit https://data.gov.sg/datasets/d_aa18b1e253decb204a209e396021d8ee/view