{"id":91908,"date":"2018-06-20T09:59:21","date_gmt":"2018-06-20T02:59:21","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapores-ultra-rich-increased-11-5-last-year\/"},"modified":"2018-06-20T10:02:56","modified_gmt":"2018-06-20T03:02:56","slug":"singapores-ultra-rich-increased-11-5-last-year","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapores-ultra-rich-increased-11-5-last-year\/","title":{"rendered":"Singapore\u2019s ultra-rich increased 11.5% last year"},"content":{"rendered":"


\nThe wealth of HNWIs in Singapore grew by 12.8% to $858.42 billion in 2017.
\nSingapore now has more high net worth individuals (HNWIs), whose wealth also grew by 12.8 percent from $761.24 billion in 2016 to $858.42 billion in 2017, reported Singapore Business Review citing consultancy firm Capgemini.
\nThe number of HNWIs in the city-state rose 11.5 percent to 122 in 2017 from 109 previously.
\nMore: S\u2019pore Returns To Top 20 List Of Most Expensive Cities For Expats
\nBased on Capgemini\u2019s World Wealth Report 2018, their wealth was driven by the growth in GDP which climbed 3.6 percent in 2017, the recovery in real estate prices (up 1.1 percent), and national savings which stood at 46.5 percent. Market capitalisation also rose in 2017.
\nThe consultancy noted that MAS core inflation averaged around 1.5 percent last year and is expected to hit the upper half level in the 1.0 to 2.0 percent range.
\nWith government spending on security, healthcare and other social schemes expected to reach 3.0 percent of the GDP in the next 10 years compared to 2.2 percent in 2017, the Singapore government decided to increase taxes in order to meet the demands.
\nGlobally, the wealth of HNWIs breached the US$70 trillion (S$94.9 trillion) mark for the first time. Posting its sixth year of gains in a row, HNWI wealth jumped 10.6 percent \u2013 making 2017 the second-fastest year of growth since 2011.
\nCan you afford a million-dollar property in Singapore? Check your\u00a0affordability\u00a0now.\u00a0
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Singapore\u2019s ultra-rich increased 11.5% last year<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The wealth of HNWIs in Singapore grew by 12.8% to $858.42 billion in 2017. Singapore...<\/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-91908","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-nUo","jetpack-related-posts":[{"id":2623,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/indonesia-edges-out-asean-neighbours-as-top-millionaire-hub\/","url_meta":{"origin":91908,"position":0},"title":"Indonesia edges out ASEAN neighbours as top millionaire hub","date":"January 25, 2016","format":false,"excerpt":"\r The archipelago is only bested by Singapore in the region, but Vietnam is quickly catching up Jakarta More millionaires are now living in Indonesia than in other capital cities in Southeast Asia, except Singapore, according to The Asia Pacific 2016 Wealth Report by consultancy firm New World Wealth. The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/01\/Jakarta_Vulcan-Post.jpg?fit=740%2C493&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":79368,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/spore-emerges-as-favoured-investment-destination-for-chinas-super-rich\/","url_meta":{"origin":91908,"position":1},"title":"S\u2019pore emerges as favoured investment destination for China\u2019s super-rich","date":"February 8, 2018","format":false,"excerpt":"\r Singapore is gaining popularity amongst wealthy Chinese investors because of its world-class health facilities and international schools, while Mandarin is among its four official languages. While Hong Kong continues to be the primary destination for China\u2019s offshore money, more Chinese high-net-worth individuals (HNWIs) are looking at Singapore as a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":172680,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-ranks-7th-globally-in-drawing-next-wealthy-class-trailing-singapore-study\/","url_meta":{"origin":91908,"position":2},"title":"Hong Kong ranks 7th globally in drawing next wealthy class \u2013 trailing Singapore: study","date":"October 2, 2026","format":false,"excerpt":"\r Hong Kong ranked seventh globally as a destination for attracting and retaining the next generation of high-net-worth individuals (HNWIs), trailing traditional rival Singapore in sixth place, according to a Savills study. The two top finance hubs in the Asia-Pacific region have been stepping up efforts to strengthen their positions\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":164595,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-and-abu-dhabi-in-worlds-top-five-wealth-destinations-report\/","url_meta":{"origin":91908,"position":3},"title":"Dubai and Abu Dhabi in world\u2019s top five wealth destinations: Report","date":"November 12, 2025","format":false,"excerpt":"\r Savills\u2019 first global wealth report places both UAE cities among leading hubs for HNWIs, with Dubai topping the global ranking The post Dubai and Abu Dhabi in world\u2019s top five wealth destinations: Report appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More.\r\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2025\/11\/dubai-skyline-1-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":164819,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/young-expats-and-hnwis-drive-surge-in-uae-wills-and-guardianship-filings\/","url_meta":{"origin":91908,"position":4},"title":"Young expats and HNWIs drive surge in UAE wills and guardianship filings","date":"November 14, 2025","format":false,"excerpt":"\r Without wills or guardianship documents, bank accounts can be frozen and children risk legal limbo. Here\u2019s what every expat family needs to know The post Young expats and HNWIs drive surge in UAE wills and guardianship filings appeared first on Arabian Business: Latest News on the Middle East, Real\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2025\/11\/Dubai-International-Financial-Centre-DIFC-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":17570,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/where-do-thai-uhnw-investors-want-to-put-their-money\/","url_meta":{"origin":91908,"position":5},"title":"Where do Thai UHNW investors want to put their money?","date":"June 24, 2016","format":false,"excerpt":"\r Miles away, in fact Knight Frank Thailand along with Kasikorn Bank explained that the London property market is still a desirable place for Asian UHNW investors to put their money. Not only does it provide good returns according to Knight Frank\u2019s newly released Wealth Report, but the city is\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\/91908"}],"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=91908"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/91908\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=91908"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=91908"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=91908"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}