Singapore sees jump in family offices as Asia's ultra-rich set up camp
221 single and multi-family offices opened in the Republic last year, up from 129 in 2019 and 22 in 2018; scene dominated by those from North Asia
Add BT as a preferred source
Singapore
MORE affluent families have flocked to Singapore as a base to park their wealth in the midst of a worldwide pandemic last year, with the Republic's safe haven reputation a firm draw especially for the well-heeled hailing from North Asia.
Details have been scant on just how many there are in Singapore. But now, data analysis firm Handshakes estimates that 221 single and multi-family offices opened in Singapore last year.
TRENDING NOW
ComfortDelGro’s Zig to buy S$10 million worth of BYD cars for private-hire fleet
Singapore telco price war squeezes earnings, strengthens case for StarHub-M1 deal, say analysts
Sats slides 13.6% as investors dump shares on profit-margin squeeze
When every phone becomes a satellite phone, what happens to Asia’s telcos?
