Singapore took sixth place globally and first across Asia-Pacific on Savills’ Next Generation Wealth Hubs Index released last Thursday, beating seventh-placed Hong Kong for young high-net-worth individuals.

The benchmark tracks capital destinations for individuals under 40 with a net worth of at least US$5 million as an estimated US$84 trillion transfers between generations over the next 20 years.

Savills evaluated more than 100 destinations across four core pillars: business, governance and connectivity; wealth clusters and local environment; wealth management and taxation; and lifestyle. Singapore gained ground through its concentration of private capital, tech networks and family office structures.

“Singapore’s combination of regional connectivity, established financial infrastructure and access to opportunities across Asia gives it an important role in these capital flows,” says Rayson Yeong, Savills Singapore’s head of private wealth, investment sales and capital markets.

United States cities dominated the upper tiers of the global ranking. New York took the top spot, followed by Miami, London, San Francisco and Los Angeles before Singapore broke into the sixth position.

Hong Kong placed immediately behind Singapore at seventh. The city continues to attract mainland Chinese capital through its low-tax environment, family office ecosystem and direct access to cross-border financial channels.

Other Asian commercial centers secured positions in the global top 30. Tokyo ranked 12th, Shanghai took 18th, Bangkok placed 25th, and Kuala Lumpur claimed 29th position.

Younger wealth holders are reallocating capital based on different criteria than previous generations. Inheritors and tech founders below 40 prioritize education, wellness, lifestyle amenities and personal values alongside pure capital preservation.

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