{"id":82130,"date":"2018-03-07T15:46:08","date_gmt":"2018-03-07T08:46:08","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/1400-people-from-singapore-have-us50m-or-more-in-net-assets\/"},"modified":"2018-03-07T17:03:11","modified_gmt":"2018-03-07T10:03:11","slug":"1400-people-from-singapore-have-us50m-or-more-in-net-assets","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/1400-people-from-singapore-have-us50m-or-more-in-net-assets\/","title":{"rendered":"1,400 people from Singapore have US$50m or more in net assets"},"content":{"rendered":"


\nView of Marina Bay Sands Resort in Singapore.
\nSingapore\u2019s ultra-wealthy population surged to 1,400 individuals in 2017, up 18 percent from 1,190 the year before, according to Knight Frank\u2019s 2018 Wealth Report unveiled today.
\nThe report defines ultra-wealthy individuals as those with US$50 million (S$65.8 million) or more in net assets.
\nOver the next five years, Singapore\u2019s super-rich population is expected to grow by 11 percent to 1,550 in 2022.
\nGlobally, the number of ultra-wealthy individuals rose by 10 percent year-on-year to 11,630, taking the overall population to 129,730.
\nKnight Frank attributed the rise in affluence to the booming global economy, which is lifting GDP as well as stock and property markets.
\nCheck out luxury properties for sale in Singapore.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…1,400 people from Singapore have USm or more in net assets<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

View of Marina Bay Sands Resort in Singapore. Singapore\u2019s ultra-wealthy population surged to 1,400 individuals...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-82130","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-lmG","jetpack-related-posts":[{"id":50193,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sothebys-international-realty-opens-in-singapore\/","url_meta":{"origin":82130,"position":0},"title":"Sotheby's International Realty opens in Singapore","date":"March 30, 2017","format":false,"excerpt":"\r Leong Boon Hoe, Chief Operating Officer of List Sotheby\u2019s International Realty, Singapore. Capitalising on Singapore\u2019s position as a financial hub and the growing number of affluent individuals in the Southeast Asia region, Sotheby\u2019s International has opened an office in Singapore targeting ultra-wealthy clients. The move comes as luxury properties\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124082,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapores-home-prices-surge-to-the-highest-in-more-than-a-decade-as-the-ultra-wealthy-flock-to-southeast-asias-business-hub\/","url_meta":{"origin":82130,"position":1},"title":"Singapore\u2019s home prices surge to the highest in more than a decade as the ultra wealthy flock to Southeast Asia\u2019s business hub","date":"January 4, 2022","format":false,"excerpt":"\r Singapore home prices rose in the fourth quarter at the fastest pace in more than a decade, the latest marker of a surge that prompted the government to introduce cooling measures last month.Private property values climbed 5 per cent from the previous quarter, according to Urban Redevelopment Authority flash\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":135095,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-top-asian-city-for-ultra-wealthy-individuals-beijing-snatches-second-spot-from-singapore-altrata-study-shows\/","url_meta":{"origin":82130,"position":2},"title":"Hong Kong top Asian city for ultra-wealthy individuals, Beijing snatches second spot from Singapore, Altrata study shows","date":"March 7, 2023","format":false,"excerpt":"\r Hong Kong has topped other Asian cities where ultra-wealthy individuals maintain primary or secondary residences, with an estimated 15,175 such residents, according to the latest report by London-based Altrata.\r \r Source : South China Morning Post\r Read more...Hong Kong top Asian city for ultra-wealthy individuals, Beijing snatches second spot\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":171408,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mainland-chinas-ultra-wealthy-numbers-rise-as-hong-kong-tipped-for-faster-growth\/","url_meta":{"origin":82130,"position":3},"title":"Mainland China\u2019s ultra-wealthy numbers rise as Hong Kong tipped for faster growth","date":"April 23, 2026","format":false,"excerpt":"\r Mainland China\u2019s population of ultra-high-net-worth individuals (UHNWIs) \u2013 those with assets exceeding US$30 million \u2013 has grown by 23 per cent over the past five years to 121,677, and is projected to expand a further 18.8 per cent to 144,602 by 2031, according to Knight Frank. Despite that growth,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":109702,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ultra-rich-foreigners-turn-to-singapore-luxury-homes\/","url_meta":{"origin":82130,"position":4},"title":"Ultra-rich foreigners turn to Singapore luxury homes","date":"August 7, 2019","format":false,"excerpt":"\r Luxury residential brokerage firm Sotheby\u2019s International expects foreign ultra-high-net-worth (UHNW) investors to drive sales activity within Singapore\u2019s luxury residential segment. This comes as the geopolitical tensions in the UK and Hong Kong are enhancing the attractiveness of luxury homes within the city-state, reported Singapore Business Review. British billionaire James\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124763,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pandemic-spurred-record-numbers-of-ultra-wealthy-in-2021\/","url_meta":{"origin":82130,"position":5},"title":"Pandemic spurred record numbers of \u2018ultra wealthy\u2019 in 2021","date":"March 1, 2022","format":false,"excerpt":"\r Rising global stock markets and increased property prices swelled ranks of ultra-high net worth individuals, according to new report More than 51,000 people joined the ranks of the \u201cultra-wealthy\u201d last year as the fortunes of the already very rich benefited from rising global stock markets and increased property prices\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/82130"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=82130"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/82130\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=82130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=82130"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=82130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}