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Asia's ultra-wealthy to invest more in property: survey

S'pore remains a favoured location for a second home

[SINGAPORE] Real estate remains a favoured asset class among ultra-high net worth individuals, and Singapore remains in their sights as a favoured location for a second home.

Knight Frank's The Wealth Report 2014 has found that 45 per cent of Asia's ultra-wealthy plan to invest more in property this year, compared to a global average of 47 per cent.

The wealthy in the Russia/Commonwealth of Independent States (CIS) market are even more bullish at 71 per cent, followed by the Middle East market at 59...

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