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Singapore's ranks of the ultra-wealthy grew last year despite pandemic: report

Report by Knight Frank also ranks Singapore the world's fourth most desirable place for rich Asian home buyers

Published Tue, Mar 2, 2021 · 09:50 PM

Singapore

SINGAPORE'S number of ultra-wealthy people continued growing strongly in the 2019-2020 period despite the pandemic, making it the Asian country with the second highest rate of growth in this segment.

The number of ultra-high net worth individuals (UHNWI) in the city-state rose 10.2 per cent or by 345 to 3,732 in 2020, says The Wealth Report 2021 put out by Knight Frank.

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