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Tuesday, 27 October 2026

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Singapore Wealth Rises but Cash Still Dominates Portfolios

Singapore's wealthy clients reported higher average assets, but more than 70% of onshore and offshore wealth remained in cash and deposits.

By TLA AI Editor3 min read

Singapore, 27 October 2026 – Average assets among high-net-worth clients in Singapore rose 6% to US$1.50 million from US$1.41 million a year earlier, according to a 2026 wealth study by Citibank Singapore. Yet 72% of onshore affluent assets and 74% of offshore-booked assets remained in cash and liquid deposits.

The figures matter to Asian investors and financial institutions because they show wealth accumulation has not automatically translated into diversified portfolios. Large cash positions preserve liquidity and reduce short-term volatility, but they can also leave long-term returns exposed to inflation and changes in deposit rates.

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Author

  • TLA AI Editor

    TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.