Singapore Wealth Report 2016

Published: Dec, 2016 | Pages: 80 | Publisher: WealthInsight
Industry: Wealth Management | Report Format: Electronic (PDF)

Synopsis

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

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.

Scope

• Independent market sizing of Singaporean HNWIs in five wealth bands

• HNWI volume, wealth and allocation trends from 2011 to 2015

• HNWI volume, wealth and allocation forecasts to 2020

• HNWI and UHNWI asset allocations across 13 asset classes

• Geographical breakdown of all foreign assets

• Alternative breakdown of liquid vs. investable assets

• Details of the development, challenges and opportunities related to the wealth management and private banking sector in Singapore

• The size of the Singaporean wealth management industry

• Information on private banks

• Detailed wealth management and family office information

• Insights into the drivers of HNWI wealth

Reasons To Buy

• Singaporean Wealth Report 2016 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, created based on over 125,000 HNWIs from around the world in WealthInsight's 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 2020, and a comprehensive background of the local economy.

• The report provides an overview of the private banking and wealth management sector.

Key Highlights

• There were 150,404 HNWIs in Singapore in 2015, who collectively held US$779.8 billion in wealth.

• The Singaporean HNWI population decreased by 2.5% in 2015, following a 2.1% increase in 2014.

• The Singaporean HNWI population is forecast to grow by 12.6%, to reach 171,082 in 2020, while HNWI wealth is projected to grow by 20.1% to reach US$959.1 billion.

 TABLE OF CONTENTS

1 DEFINITIONS AND METHODOLOGY 
1.1 Definitions 
1.2 Reports 
1.3 Methodology 

2 EXECUTIVE SUMMARY 

3 INTRODUCTION 
3.1 Definitions 

4 SINGAPORE KEY FACTS 

5 DISTRIBUTION OF WEALTH IN SINGAPORE 
5.1 HNWI Volume and Wealth Trends 

6 FINDINGS FROM THE WEALTHINSIGHT HNWI DATABASE 
6.1 Trends in HNWI Wealth to 2020 
6.1.1 HNWI trend analysis 
6.1.2 Wealth band trends 
6.1.3 Demographic breakdown of HNWIs 
6.1.4 HNWIs – job titles 
6.1.5 HNWIs – industry breakdown 
6.1.6 HNWIs – industry performance 
6.2 UHNWIs 
6.2.1 UHNWI volume trend analysis 
6.2.2 UHNWI wealth trend analysis 
6.2.3 Demographic breakdown of UHNWIs 
6.2.4 UHNWIs – industry breakdown 
6.3 UHNWIs – Billionaires 
6.3.1 Billionaire volume trend analysis 
6.3.2 Billionaire wealth trend analysis 
6.3.3 Billionaire per capita net worth trend analysis 
6.3.4 List of billionaires 
6.4 UHNWIs – Centimillionaires 
6.4.1 Centimillionaire volume trend analysis 
6.4.2 Centimillionaire wealth trend analysis 
6.4.3 Centimillionaire per capita net worth trend analysis 
6.5 UHNWIs – Affluent Millionaires 
6.5.1 Affluent millionaire volume trend analysis 
6.5.2 Affluent millionaire wealth trend analysis 
6.5.3 Affluent millionaire per capita net worth trend analysis 
6.6 Core HNWIs 
6.6.1 Core HNWI volume trend analysis 
6.6.2 Core HNWI wealth analysis 
6.7 Core HNWIs – Mid-Tier Millionaires 
6.7.1 Mid-tier millionaire volume trend analysis 
6.7.2 Mid-tier millionaire wealth trend analysis 
6.7.3 Mid-tier millionaire per capita net worth trend analysis 
6.8 Core HNWIs – Lower-Tier Millionaires 
6.8.1 Lower-tier millionaire wealth trend analysis 
6.8.2 Lower-tier millionaire wealth trend analysis 
6.8.3 Lower-tier millionaire per capita net worth trend analysis 

7 ANALYSIS OF SINGAPOREAN HNWI INVESTMENTS 
7.1 Analysis by Asset Class 
7.1.1 Trends in alternative assets 
7.1.2 Trends in art, wine and wheels 
7.1.3 Trends of investment in real estate 
7.1.4 Trends of investment in cash and deposits 
7.1.5 Trends of investment in fixed-income 
7.1.6 Trends of investment in equities 
7.1.7 Trends of investments in business interests 
7.2 Analysis of Foreign Investments 
7.2.1 Investments in Europe 
7.2.2 Investments in North America (including the US, Mexico and the Caribbean) 
7.2.3 Investments in the Asia-Pacific 
7.2.4 Investments in South America 
7.2.5 Investments in the Middle East 
7.2.6 Investments in Africa 
7.3 Alternative Breakdown: Liquid vs. Investable Assets 
7.4 Analysis of Singaporean UHNWI 

8 COMPETITIVE LANDSCAPE 
8.1 Domestic Private Banks 
8.2 Foreign Private Banks 
8.3 Wealth Managers 
8.4 Family Offices 

9 KEY DRIVERS 
9.1 SGD–US$ Exchange Rate 
9.2 Real GDP Growth 
9.3 Per Capita GDP 
9.4 Domestic Market Capitalization 
9.5 Commodity Index 
9.6 Foreign Direct Investment (FDI) – Inflows and Outflows 
9.7 Inflation Rate 
9.8 Interest Rates
9.9 Balance of Payments 
9.10 Government Debt 
9.11 Stock Market Performance 
9.12 Wealth Breakdowns 

10 ABOUT WEALTHINSIGHT

List of Tables

Table 1: HNWI Wealth Band and Group Definitions
Table 2: Singaporean HNWIs - Volume Distribution (%), 2015 
Table 3: Singaporean HNWIs - Wealth Distribution Wealth Pyramid (%), 2015 
Table 4: Singaporean HNWIs - Industry Performance (%), 2011-2015 
Table 10: Singaporean HNWIs - Sources of Wealth (%), 2015 
Table 11: Singaporean UHNWIs - Gender Performance (%), 2011-2015 
Table 14: Singaporean Billionaires - Market Overview (Volume and US$ Billions), 2011-2020 
Table 15: Singaporean Top Billionaires (US$ Billion), 2015 
Table 16: Singaporean Billionaires - Wealth Growth (US$ Billion), 2011−2015 
Table 17: Singaporean Centimillionaires - Market Overview (Volume and US$ Million/Billion), 2011-2020 
Table 18: Singaporean Affluent Millionaires - Market Overview (Volume and US$ Million/Billion), 2011-2020 
Table 19: Singaporean Mid-Tier Millionaires - Market Overview (Volume and US$ Million/Billion), 2011-2020 
Table 20: Singaporean Lower-Tier Millionaires - Market Overview (Volume and US$ Million/Billion), 2011-2020 
Table 21: Singaporean HNWIs - Assets Allocations (%), 2011-2020 
Table 22: Singaporean HNWIs - Holdings Growth (%), 2011-2020 
Table 23: Singaporean HNWIs - Alternative Asset Composition (%), 2011-2020 
Table 24: Singaporean HNWIs - Trends of Investments in Alternative Assets (%), 2011-2020 
Table 25: Singaporean Trends in Art, Wine and Wheels, 2011-2015 
Table 26: Global Prime Real estate Prices per m2 (US$), 2015 
Table 27: Singaporean HNWIs - Foreign Investment Allocations (%), 2011-2020 
Table 28: Singaporean HNWIs - Liquidity Breakdown (US$ Billion), 2011-2020 
Table 29: Singaporean HNWIs - Liquidity Breakdown (%), 2011-2020 
Table 30: Singaporean HNWIs - Allocations and Share of HNWI Assets (%), 2015 
Table 31: Singaporean Exchange Rate - SGD-US$ Exchange Rate, 2011-2020 
Table 32: Singaporean Real GDP Growth (%), 2011-2020 
Table 33: Singaporean GDP per Capita (US$), 2011-2020 
Table 34: Singaporean Domestic Market Capitalization (US$ Billion), 2011-2015 
Table 35: Singaporean Commodity Indices, 2011-2020 
Table 36: Singaporean Foreign Direct Investment (US$ Billion), 2011-2020 
Table 37: Singaporean Inflation Rate (%), 2011-2020 
Table 38: Singaporean Money Market Rates (%), 2011-2020 
Table 39: Singaporean Balance of Payments (US$ Billion), 2011-2015 
Table 40: Singaporean Government Debt as a Percentage of GDP (%), 2011-2020 
Table 41: Singaporean Stock Market Performance (Index), 2011-2015 
Table 42: Singaporean HNWI Wealth vs. GDP Ratio (%), 2011-2020 
Table 43: Singapore - Appendix One 
Table 44: Singapore - Appendix Two 

List of Figures

Figure 1: HNWI Wealth Band Definitions 
Figure 2: Map of Singapore 
Figure 3: Singaporean Asset Price Performance (%), 2011-2015 
Figure 4: Singaporean HNWI Performance (US$ Billion and HNWI Volume), 2011-2020 
Figure 5: Singaporean vs. Global HNWIs (%), 2011-2015 
Figure 6: Singaporean HNWIs - Growth Factor Correlation, 2011-2015 
Figure 7: Singaporean HNWIs - Wealth Pyramid (Volume Distribution), 2015 
Figure 8: Singaporean HNWIs - Wealth Pyramid (Wealth Distribution), 2015 
Figure 9: Singaporean HNWIs - Age Distribution (%), 2015 
Figure 10: Singaporean HNWIs - Job Titles (%), 2011-2015 
Figure 11: Singaporean HNWIs - Distribution by Industry (%), 2015 
Figure 16: Singaporean UHNWIs - Wealth Share vs. Volume Growth (%), 2011-2015 
Figure 17: Singaporean UHNWIs - Volume by Wealth Band 2011-2020 
Figure 18: Singaporean UHNWIs - Wealth by Wealth Band (US$ Billion), 2011-2020 
Figure 19: Singaporean UHNWIs - Age Distribution (Percentage Share), 2015 
Figure 20: Singaporean UHNWIs - Distribution by Industry (%), 2015 
Figure 21: Singaporean Billionaires - Market Overview (Volume and US$ Billion), 2011-2020 
Figure 22: Singaporean Centimillionaires - Market Overview (Volume and US$ Million/Billion), 2011-2020 
Figure 23: Singaporean Affluent Millionaires - Market Overview (Volume and US$ Million/Billion), 2011-2020 
Figure 24: Singaporean Mid-Tier Millionaires - Market Overview (Volume and US$ Million/Billion), 2011-2020 
Figure 25: Singaporean Lower-Tier Millionaires - Market Overview (Volume and US$ Million/Billion), 2011-2020 
Figure 26: Singaporean HNWs - Asset Class Composition (%), 2011-2020 
Figure 27: Singaporean HNWIs - Trends in Alternative Assets (US$ Billion), 2011-2020 
Figure 28: Singaporean Trends in Art, Wine and Wheels, 2011-2015 
Figure 29: Singaporean HNWIs - Foreign Investment Allocation and Growth (%), 2015 
Figure 30: Singaporean HNWIs - Global Distribution of Foreign Investments (%), 2011-2020 
Figure 31: Singaporean HNWIs - Liquidity Breakdown (%), 2011-2020 
Figure 32: Singaporean UHNWIs - Asset Class Composition (%), 2011-2020 
Figure 33: Singaporean Exchange Rate - SGD-US$, 2011-2020 
Figure 34: Singaporean Real GDP Growth (%), 2011-2020 
Figure 35: Singaporean GDP per Capita (US$), 2011-2020 
Figure 36: Singaporean Domestic Market Capitalization (US$ Billion), 2011-2015 
Figure 37: Singaporean Commodity Indices, 2011-2020 
Figure 38: Singaporean Foreign Direct Investment (US$ Billion), 2011-2020 
Figure 39: Singaporean Inflation Rate (%), 2011-2020 
Figure 40: Singaporean Money Market Rates (%), 2011-2020 
Figure 41: Singaporean Balance of Payments (US$ Billion), 2011-2015 
Figure 42: Singaporean Government Debt as a Percentage of GDP (%), 2011-2020 
Figure 43: Singaporean Stock Market Performance (Index), 2011-2015 
Figure 44: Singaporean HNWI Wealth vs. GDP Ratio (%), 2011-2020 
Figure 45: Singaporean HNWIs - Volume by Wealth Band, 2011-2020 
Figure 46: Singaporean HNWIs - Wealth by Wealth Band (US$ Billion), 2011-2020 
Figure 47: Singaporean HNWIs - Wealth per Capita (US$ Million), 2011-2020