SINGAPORE – August 2025 – Assets under management in Singapore’s private banking sector have reached a record US$3.1 trillion, according to data released by the Monetary Authority of Singapore (MAS). The growth is largely driven by inflows from ultra-high-net-worth individuals in China, the Middle East, and Europe seeking political stability, tax efficiency, and strong regulatory oversight.
Family offices in Singapore have doubled over the past three years, with many expanding into multi-generational wealth planning and alternative investments. MAS officials attributed the increase to targeted incentives and the city-state’s position as a trusted financial hub in Asia.
Market Insight:
This trend signals continued demand for cross-border wealth structuring, trust services, and ESG-focused investments. High-net-worth investors may find Singapore an attractive base for consolidating assets while benefiting from regional investment opportunities.
Editor’s Note:
With geopolitical tensions in several regions, Singapore’s appeal as a safe haven for wealth is unlikely to fade. The challenge for investors will be navigating increasingly complex compliance requirements as global tax transparency rules tighten.