Mr Chee said that Singapore needs to stay “open, welcoming, stable, and secure” to stand out in an increasingly turbulent and disruptive world
Singapore will keep welcoming “legitimate wealth,” “genuine investments,” and “complementary international talent” from around the world, said Chee Hong Tat at the Global-Asia Family Office Summit on Sept 16.
From January to now, Singapore has added 250 new single-family offices, bringing the total number to 1,650. He also mentioned that the Asia Pacific region is projected to grow by 4.9% in 2025, outpacing other regions, with Singapore poised to benefit from this regional growth. Mr Chee added that Singapore is a “trusted” financial hub and a “well-regarded” spot for managing wealth. He noted that wealth assets under management grew by over 8% in 2023, with a five-year annual growth rate of around 10%.
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