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Millionaire Inflow to Singapore Set to Halve: Report
The Straits Times
|June 28, 2025
Singapore will likely see a net inflow of 1,600 millionaires in 2025—less than half the 3,500 that had been projected to move to the country in 2024, a report by investment migration consultancy Henley & Partners showed.
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This is even as a record 142,000 millionaires worldwide are expected to relocate, according to the Henley Private Wealth Migration Report 2025, released this week.
The report found that traditional destinations for these wealthy individuals—such as Singapore, Australia, Canada, and New Zealand—appear to be losing their appeal, with their lowest net inflows provisionally expected in 2025.
Meanwhile, Thailand—with a projected net inflow of 450 millionaires in 2025—is "rapidly emerging" as Southeast Asia's new safe haven, the report said. It added that Bangkok is positioning itself as a key rival to Singapore.
Thailand's vibrant capital is increasingly favored by high-net-worth individuals from China, Vietnam, and South Korea due to its international schools, growing financial services sector, and high-end real estate offerings, the report found.
This story is from the June 28, 2025 edition of The Straits Times.
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