Singaporean collectors continue to invest in luxury goods despite Covid-19

Singapore

ULTRA-high-net-worth individuals (UHNWIs) in Singapore have continued to invest in luxury goods during the pandemic, according to Knight Frank's The Attitude Survey.

The poll of over 600 private bankers, wealth advisers, intermediaries and family offices managing approximately US$3.3 trillion on behalf of UHNWIs across the globe found that 36 per cent of Singaporean UHNWIs increased their spending on passion investments over the last year.