Singapore Wealth Boom Positions City for Asia-Pacific Growth

Singapore is well positioned to benefit from the region’s expanding asset and wealth-management sector, with Asia-Pacific assets under management projected to reach USD34.5tr by 2030, according to a new PwC report.

The Singapore wealth boom is expected to be supported by strong capital inflows, growing private wealth and continued innovation in financial services.

PwC forecasts Asia-Pacific assets under management will expand at a compound annual growth rate of 6.8%, outpacing North America and Europe.

Total client assets across the region are expected to rise to USD154.3tr by 2030.

Within this environment, the Singapore wealth boom is projected to drive local assets under management growth of around 8% annually.

The report highlighted Singapore’s USD4.6tr asset-management industry, its role as a hub for sovereign wealth funds and high-net-worth investors, progressive regulation, expanding capital markets and growing adoption of WealthTech and tokenised fund structures.

PwC said firms must make deliberate decisions about where to anchor operations rather than relying on a one-size-fits-all regional strategy.