84% of Singapore-based Indians are investing locally: study

Indians pick property as the most important area to invest in.

About 84% of Indians based in Singapore are investing in the city-state, HSBC’s first-ever “Global Indian Pulse” revealed.

Based on the report, 50% of Singapore-based Indians have increased their investment in the last three years, whilst 61% of them are planning to expand theirs, as well.

The main reason why Indians based in Singapore want to increase their investments locally is to promote positive change (41%), and are particularly driven by investment related to sustainability.

In fact, about 75% of SG-based Indians plan to invest in environmental and social initiatives including renewable energy, whilst 25% of them want to put their money on recycling, and energy-efficient housing.

Affluent Indians (42%), on the other hand, are investing to aid the city-state’s economic recovery.

In terms of asset classes, Indians in Singapore picked property as the most important area to invest in, followed by stocks and shares (40%), and local businesses (33%).

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Singtel had the most growth for the day.
This is despite its improved performance in two categories.
The expected increase will be driven by three factors.
The two also discussed post-pandemic recovery.
It also recorded a strong performance for H1 2021, despite a net loss of $150.6m.
Jigger & Pony found itself retaining its ninth ranking.
The moderate increase was driven by expansions in five out of six indicators.
Perpetual (Asia) Limited is on the other end of the agreement, as the purchaser.
CLSA will serve as issue manager of the proposed spin-off and listing.
Yangzijiang Shipbuilding had the most growth for the day.
The new facility is the first of its kind in Singapore.
Proceeds will be used for Olam's general corporate purposes.
The completion of divestment will take place during the first quarter of 2022.
This is to raise gross proceeds of more than $200m.