Family Offices Use Hong Kong and Singapore as Twin Bases for Asia Expansion

Hong Kong and Singapore family offices are increasingly acting as dual bases for Asia expansion, focusing on real estate and private direct investments for long-term growth, according to Julius Baer’s 2025 Family Barometer. Surveying 2,500 family-office experts across four regions, the bank found Hong Kong now hosts about 2,700 single-family offices and Singapore over 2,000, helped by tax incentives and migration programmes. Hong Kong’s eight new measures, including the Capital Investment Entrant Scheme requiring HKD30m (USD3.85m), have drawn 200 new offices, with a target of 220 more within three years. Families cited access to mainland China and regional diversification as complementary strengths. The report also highlighted growing focus on governance spanning up to five generations and sustaining wealth over longer lifespans.