Singapore ranks among world’s top three wealth hotspots

The report noted that Singapore’s top marginal personal income tax rate is 24%, lower than other economies.

Singapore has secured a position among the top three global hotspots for high-net-worth individuals (HNWIs), according to a Savills report.

The city-state is ranked alongside Dubai and New York, reflecting its appeal as a wealth magnet in a competitive global landscape.

Savills highlighted Singapore’s strong performance in economic competitiveness and connectivity, two core components of the index. The city also placed 7th globally for lifestyle, behind leading cities like London, which took the top lifestyle spot.

In terms of wealth infrastructure, Singapore is identified as one of the most attractive jurisdictions for legacy and tax planning, particularly due to its lack of inheritance, capital gains, and wealth taxes.

The report noted that Singapore’s top marginal personal income tax rate is 24%, lower than many other advanced economies.

Whilst the United States hosts 52% of the world’s top 100 family offices (by assets under management), Singapore shares the fourth position with Germany and Denmark at 4% each, trailing only the US and UK.

Among Asia-Pacific markets, Singapore is the top-ranked location (3 overall), ahead of regional peers such as Shanghai (16), Bangkok (17), and Tokyo (24). Cities like Sydney, Kuala Lumpur, and Seoul are noted as emerging contenders just outside the top 30.

The Savills report also identified ESG and impact investing as increasingly mainstream among HNWIs, with real estate—especially logistics, data centres, and sustainable developments—remaining a core allocation.

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