SINGAPORE will have the highest concentration of wealthy households in the world within a decade as economic expansion and the growth of its financial services industry draw investors, said Barclays.
Almost 41%, or 436,000, of Singapore’s households will have assets of at least S$1mil (RM2.34mil) by 2017, compared with 39% in Hong Kong and 28% in Switzerland, according to a survey by Barclays Wealth, the bank’s wealth management unit.
