1 Introduction

1.1 What is this Report About?

2 Wealth Sector Fundamentals

2.1 Political Background of the Wealth Sector
2.2 Economic Background to the Wealth Sector
2.3 Benchmarking Singaporean Wealth in Context
2.3.1 Distribution of wealth

3 Findings from the WealthInsight HNWI Database

3.1 Trends in HNWI Wealth to 2015
3.1.1 HNWI trend analysis
3.1.2 HNWI volume trend analysis
3.1.3 HNWI wealth trend analysis
3.1.4 Per capita HNWI net worth trend analysis
3.1.5 Trends of the wealth bands
3.1.6 Demographic breakdown of Singapore's HNWIs

4 Appendix

4.1 Pertinent Regulations
4.1.1 Regulations on banks
4.1.2 Regulations related to Islamic banking
4.1.3 Regulations related to capital requirements on banks
4.1.4 Regulations related to taxes
4.1.5 Regulations related to taxes on capital gains
4.1.6 Regulations related to taxes on start-ups
4.1.7 Regulations related to taxes on fund management activities
4.1.8 Regulations related to fund management
4.1.9 Regulations related to real estate
4.1.10 Regulations related to the real estate business of a bank
4.1.11 Regulations related to foreign investment
4.1.12 Regulations related to capital investment
4.1.13 Regulations related to private equity (PE) and venture capital investment (VC)
4.1.14 Regulations related to hedge funds and fund management
4.1.15 Regulations related to hedge fund subscription requirement
4.1.16 Regulations related to investment and employment in Singapore

4.2 Key Economic Trends and Drivers
4.2.1 SG$ to US$ moving annual average exchange rate
4.2.2 Real GDP growth
4.2.3 Per capita GDP
4.2.4 Gross savings rate as a percentage of GDP
4.2.5 Housing price index
4.2.6 Commodity index
4.2.7 Foreign direct investment
4.2.8 Investments of FIIs in equity products
4.2.9 Inflation rate
4.2.10 Repo rate
4.2.11 Balance of payments
4.2.12 Stock market performance
4.2.13 HNWI wealth vs GDP ratio
4.2.14 Capital formation as a percentage of GDP
4.2.15 Disposable income as a percentage of GDP

5 About WealthInsight

List of Tables

Table 1: HNWI Wealth Band and Group Definitions
Table 2: HNWIs – Volume by Wealth Band, 2007–2015
Table 3: HNWIs – Wealth by Wealth Band, 2007–2015
Table 4: HNWIs – Per Capita Net Worth (US$ Million), 2007–2015
Table 5: HNWIs – Volume Distribution Wealth Pyramid, 2011
Table 6: HNWIs – Wealth Distribution Wealth Pyramid, 2011
Table 7: SG$ to US$ Moving Annual Average Exchange Rate, 2006–2015
Table 8: Real GDP Growth Rate, 2006–2015
Table 9: GDP Per Capita, 2006–2015
Table 10: Gross Savings as a Percentage of Real GDP, 2006–2015
Table 11: Housing Price Index, 2006–2010
Table 12: Commodity Indices, 2006–2015
Table 13: Foreign Direct Investments, 2006–2015
Table 14: Investments of FIIs in Equity Products, 2006–2009
Table 15: Inflation Rate, 2006–2015
Table 16: Repo Rate, 2006–2015
Table 17: Balance of Payments, 2006–2010
Table 18: Stock Market Performance, 2006–2010
Table 19: HNWI Wealth vs GDP Ratio, 2006–2010
Table 20: Capital Formation as a Percentage of GDP, 2006–2015
Table 21: Disposable Income as a Percentage of GDP, 2006–2015

List of Figures

Figure 1: HNWI Wealth Band Definitions
Figure 2: HNWI Wealth Sector Market Attractiveness, 2007–2015
Figure 3: HNWIs – Singapore vs RoW and Asia-Pacific
Figure 4: HNWIs – Growth Factor Correlation, 2007–2011
Figure 5: HNWIs – Volume by Wealth Band, 2007–2015
Figure 6: HNWIs – Wealth by Wealth Band, 2007–2015
Figure 7: HNWIs – Per Capita Net Worth (US$ Million), 2007–2015
Figure 8: HNWIs – Volume Distribution Wealth Pyramid, 2011
Figure 9: HNWIs – Wealth Distribution Pyramid, 2011
Figure 10: HNWIs – Average Age by Wealth Band, 2011
Figure 11: SG$ to US$ Moving Annual Average Exchange Rate, 2006–2015
Figure 12: Real GDP Growth (%), 2006–2015
Figure 13: GDP Per Capita, 2006–2015
Figure 14: Gross Savings as a Percentage of Real GDP, 2006–2015
Figure 15: Housing Price Index, 2006–2010
Figure 16: Commodity Indices, 2006–2015
Figure 17: Foreign Direct Investments, 2006–2015
Figure 18: Investments of FIIs in Equity Products, 2006–2009
Figure 19: Inflation Rate, 2006–2015
Figure 20: Repo Rate, 2006–2015
Figure 21: Balance of Payments, 2006–2010
Figure 22: Stock Market Performance, 2006–2010
Figure 23: HNWI Wealth vs GDP Ratio, 2006–2010
Figure 24: Capital Formation as a Percentage of GDP, 2006–2015
Figure 25: Disposable Income as a Percentage of GDP, 2006–2015