Asia is witnessing a surge in the establishment of family offices as wealthy families seek greater control over their investments and long-term legacies. Over the past five years, the number of single-family and multi-family offices in Singapore and Hong Kong has more than doubled, reflecting the region’s rapid accumulation of wealth.
Industry analysts attribute this growth to the rise of ultra-high-net-worth individuals (UHNWIs), particularly in China, India, and Southeast Asia. These families increasingly favor private investment structures over traditional banks, viewing them as better suited to preserve wealth across generations.
Singapore has emerged as a preferred destination due to its stable regulatory framework and attractive tax incentives. Recent government initiatives, such as the Variable Capital Company (VCC) framework, have simplified fund structuring for family offices. Hong Kong, meanwhile, is pushing forward with its own policies, including relaxed capital requirements for setting up wealth management firms.
Experts note that family offices are diversifying their investment strategies. While equities and real estate remain dominant, there is growing interest in private equity, sustainable investments, and digital assets. A survey conducted in mid-2025 found that nearly 40% of Asian family offices plan to increase allocations to green infrastructure projects, citing both returns and social responsibility.
With the number of wealthy families projected to rise, family offices are expected to play a central role in shaping Asia’s investment landscape for decades to come.
family office Asia, wealth management, ultra high net worth
