Singapore has emerged as the leading destination in Asia Pacific for attracting the next generation of high-net-worth individuals, according to the Savills Next Generation Wealth Hubs Index. The city-state ranks sixth globally, surpassing other regional powerhouses such as Hong Kong, Tokyo, and Shanghai. This index evaluates locations based on their ability to attract and retain wealthy individuals under 40, who are increasingly mobile and globally connected.
The report highlights Singapore’s strategic position as a key node for capital in Asia Pacific, offering robust financial infrastructure and regional connectivity. Rayson Yeong, Executive Director at Savills Singapore, noted, “Singapore’s position reflects its role as a key node for capital in Asia Pacific. For private wealth, connectivity is not simply about ease of travel; it is also about access to markets, investment opportunities and professional expertise across the region.”
The index underscores the growing importance of family-led capital planning in the region, with cities like Singapore and Hong Kong focusing on wealth structuring and private banking. Sulian Tan-Wijaya, another Executive Director at Savills Singapore, emphasised the holistic approach of the next generation towards wealth, stating, “Real estate remains an important part of wealth planning, but decisions are increasingly considered alongside family needs, business interests, succession planning and how different assets fit within a broader portfolio.”
Globally, New York leads the index, followed by Miami and London. The report anticipates a significant transfer of wealth, estimated at US$84t, over the next two decades, with younger wealth holders prioritising lifestyle, education, and personal values in their investment decisions. As Kelcie Sellers from Savills World Research concludes, “Residential real estate must now deliver more than capital preservation alone. It must support how wealth holders and their families want to live, work, travel, connect and plan for the future.”
