The 2025 WealthLens™ Study by Agility Research and Strategy has unveiled intriguing insights into the financial behaviours and aspirations of over 600 High-Net-Worth Individuals (HNWIs) in Hong Kong and Singapore.
The study highlights that 40% of Hong Kong’s affluent are contemplating relocation, with Singapore as their preferred destination, primarily for a better quality of life. Meanwhile, 50% of Singapore’s wealthy are considering moving abroad, driven by a desire for new cultural experiences and professional growth.
The study also underscores the importance of education amongst these affluent groups. Whilst 40% of HNWIs in both cities send their children to local universities, 60% plan to send them overseas. Hong Kong’s wealthy favour the US, whereas Singapore’s prefer the UK. Notably, 20% of Hong Kong HNWIs are keen on Chinese universities, reflecting China’s growing regional influence.
Succession planning is another critical focus, with many wealthy individuals in both cities establishing legal trusts for wealth transfer. A significant wealth transfer is anticipated in the next decade, with one in three HNWIs set to inherit substantial assets. Hong Kong inheritors aim to enhance their lifestyle, whilst Singaporean inheritors plan to expand business ventures.
Philanthropy is gaining traction, with Hong Kong’s affluent prioritising education for the underprivileged and climate action, whilst Singapore’s focus is on healthcare and education opportunities. These findings will be discussed in an exclusive webinar on 4 March 2025, offering strategic insights for wealth management and luxury brands.
This news story was carefully selected and published by a human editor, though the content itself was AI-generated. If you spot an error, please report it here.
