Singapore, the prime hub of affluence of Asia, continues to be an attractive investment haven for millionaires mainly from Asia and this is the latest report from Henley Global Citizens which was released on the 13th June. Singapore is also the relocation destination for many Asian affluence individuals as Singapore is the top wealth management centre in Asia.
There are approximately 2,800 net inflows expected for the year of 2022 which amount to about an 87% increase as compared to 1,500 in 2019 numbers ranking Singapore as the third place after the UAE and Australia. The top 10 countries with highest inflow of high net worth individuals are Israel, Switzerland and the US with the list also includes Portugal, Greece, Canada, and New Zealand. The figures were derived by tracking private wealth and investment migration trends worldwide.