More interest from investors to set up hubs, grow wealth here: Chee

S'pore will ensure environment remains conducive to achieving growth, he says

- Sheila Chiang

Singapore is seeing growing interest from investors to build regional hubs or expand their wealth here, and will ensure the business environment remains conducive for them to achieve sustainable growth, said Second Minister for Finance Chee Hong Tat.

"There will be more interest from investors to look at Singapore as a key node and a hub in Asia," said Mr Chee, who is also deputy chairman of the Monetary Authority of Singapore's (MAS) board of directors.

"We want to see how we can offer a greater variety of investment options, including for people who want to put their wealth here and also grow their wealth here," he said.

Speaking at a fireside chat during UBS Asia Wealth Forum 2025 on Jan 14, Mr Chee noted that Singapore's pro-business and pro-innovation policies, as well as a stable and well-regulated environment, appeal to investors here.

The wealth management sector continues to flourish, with the number of single-family offices growing to more than 2,000 by the end of 2024, said Mr Chee.